Colombians will pay $70,000 more on average in rents

The behavior of the housing sector currently in the country is in transformationfrom looking for apartments for rent outside the capitals due to teleworking, to new needs in family nuclei due to rental fees.

The youth trend coliving, for example, increased in major cities. The demand of young people focused on these properties, which have areas less than 30 meters, but with common spaces of greater comfort such as social and laundry areas, gyms, swimming pool, among others.

(This is what it is worth to buy a house in Colombia).

In terms of costs, the ELRI, an indicator of the volatility of rental prices for the different properties at the national level, indicated that house rents increased 0.19% and apartment rents 0.21% monthly.

“The stability of both indicators in much of 2021 is notable, after the high volatility as a result of the impact of the pandemic on the market between 2020 and the first months of the previous year.r”, indicated Paola Suárez, vice president of the business and commercial line of Ciencuadras.com.

On average, for this platform the rental fees increased by up to $250,000 pesos, “We went from a median of $1,350,000 at the end of 2020, compared to a median of $1,600,000 at the end of 2021. This variation is based on the fact that by increasing the number of supply units with a higher canon, the median price In general, it increases, because there are more expensive units on offer,” concluded Suárez.

(This is how commercial rental rates are readjusted in Colombia).

Furthermore, it is “because the new sales uptick It made many of the apartments in the used sale mode enter the rental market, so the new offer came with higher fees.

In this way, Colombians have sought ways to optimize their resources, whether looking for housing outside the cities, living with other people or looking for small apartments.

However, on other platforms, this data is different “our properties leased by contract increase with the CPI. The CPI in 2020 was 1.61% and in 2021 5.62%, that is, by the year 2022 there is an increase of $70,000, in addition to that increase in the canon, the administration of buildings is rising on average 6%, that is approximately $20,000 more”, indicated Germán Díaz, financial director of the Aptune platform.

In the national demand, apartments increased their participation by 9% “Thanks to the rise in housing deliveries that owners acquire as an investment and allocate for rent,” concluded a report by Ciencuadras.com.

(Study reveals the effects of the Mi casa ya program on Colombians).

With this growing market, specialized platforms were born to provide tools to facilitate the leasing process.

Aptuno, for example, provides lessors with growth options with its ‘advance lease’, which offers the owners of a property to disburse up to 10 months of canon in advance, even the platform offers the possibility of paying 100% of the rental canon when the property is unoccupied.

In the words of Germán Díaz, “it is an innovative product with which we seek to provide owners with access to capital quickly and economically.”

In this way, the platform advances the owners the payment of the remaining flows to which they are entitled by the contract.

This market expects to continue growing for this new year, and likewise digitize these processes.

PAULA GALEANO BALAGUERA
BRIEFCASE