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February 7, 2022
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Parks drive up to 26% the price of homes

Parks drive up to 26% the price of homes

property, expert platform in real estate consultingconducted an analysis of the incidence of the parks and the state they are in in the price of square meter in three cities of the country, in which he found that he can increase or decrease more than 20% the commercial value of buildings.

“We define that the best way to know if a house is appreciated because it is close to a park, is to determine two distances from it”said Jairo Sarmiento, data analyst at properties.

In the results, in the case of Bogotathe park that has the greatest impact according to the variation of prices is the El Ensueno Park in Ciudad Bolívarwith a 26%. Homes around the park cost an average of $3,684,000 per m².

In contrast, there are places that have parks that influence the price in a negative way, as is the case of the San Cristóbal Metropolitan Park, Timiza-Villa del Río and Cayetano Cañizares, these recreational areas can reduce the value of the parks between 18% and 27%. estate.

In calli, the park that has the greatest positive impact, according to the variation in prices, is We step on Ecopark with 26%. The surrounding houses cost an average of $3,069,000 per m². On the other hand, the De La Vida and Aguacatal ecoparks have been shown to decrease land value by between 16% and 18%.

In the case of the city of Medellin, the park that influences the price variation is Cerro El Volador Natural Park with 11%however, in the case of the Sports Units of Castilla, San Cristóbal, and the La Ladera Library Park, these recreational places can reduce the value of the square meter between 18% and 20%.

For properati, the parks are just one of the factors that influence the valuation of a house and the search for a property, others can be access to the transport system and urban design.

Paula Galeano
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