Colombia Construction

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Ever since entering office for its first term in 2010, the government of President Juan Manuel Santos has put the construction of new homes for Colombians as one of the top priorities. Despite being behind its target of building 1m homes over the 2010-14 period, the government has been able to establish a consistent level of housing development. Much of the impetus has...

Despite the growing importance of medium-sized cities for property development, Colombia’s real estate sector has been highly affected by expansion in Bogotá. The capital city has seen a wave of economic growth turn into real estate investment, whether for high-end housing options or as an investment opportunity. Despite the fast-growing market, the city’s real estate...

Chapter | Construction & Real Estate from The Report: Colombia 2014

Buoyed by a strengthening of the government’s housing programme, as well as a continued emphasis on improving transport infrastructure across the country, Colombia’s construction sector is well positioned for growth over the coming years. The sector grew 9.8% in 2013, considerably more than the 3.6% increase seen in 2012, accounting for 6.5% of GDP in 2013, according to BBVA Bank. Driven by...

Despite instability associated with the global mining and hydrocarbons sectors, Colombia displays stable economic growth amidst a regional slowdown, in large part a result of economic liberalisation, free trade agreements and entry to a variety of trade blocs. After recording 6.6% growth in 2011 and 4% in 2012, Colombia saw a slowdown in the first half of 2013, but the economy regained momentum by the end of the year.

Las iniciativas destinadas a familias de bajos y medianos ingresos están ayudando a aliviar la histórica escasez de vivienda en Colombia, al tiempo que han representado un impulso considerable para el sector de la construcción.

Heavily dependent on the construction sector’s progress, the local cement industry took a slight dip in production in 2012. In the 12 months to May 2013 the production of Portland cement, the most commonly used material for infrastructure and housing in Colombia, amounted to 10.79m tonnes, representing a 1.67% year-on-year (y-o-y) decrease,...

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