Property Prices in Manizales, Colombia

Index Info
Price to Income Ratio: 9.78
Mortgage as Percentage of Income: 121.17%
Loan Affordability Index: 0.83
Price to Rent Ratio - City Centre: 22.82
Price to Rent Ratio - Outside of Centre: 22.56
Gross Rental Yield (City Centre): 4.38%
Gross Rental Yield (Outside of Centre): 4.43%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,083,333.33 Col$ 750,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 916,666.67 Col$ 600,000.00-1,350,000.00
Apartment (3 bedrooms) in City Centre 1,633,333.33 Col$ 1,200,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,233,333.33 Col$ 900,000.00-1,800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 464,511.33 Col$
Price per Square Feet to Buy Apartment Outside of Centre 371,609.07 Col$
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,300,000.00 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.00 10.00-12.00

These data are based on 21 entries in the past 18 months from 4 different contributors.
Last update: November 2024

Sources and References
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