Colombia Real Estate and Construction Sector Report 20232024

Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period in 2022, and with respect to the immediately previous quarter, GVA decreased by 2.3%. New company formations have surged, driven by governmental support programmes, while inflation-driven cost escalations have impeded revenue and asset expansion. There was a 51% y/y decline in housing sales in H1 2023 compared to the same period the previous year. Key players - although not among Colombia's top 100 earners - exhibit significant financial prowess. The sector's allure for entrepreneurs persists, evidenced by new company creations, while regulatory compliance might affect sales and infrastructure guidelines continue to shape industry participation.

This report provides a complete and detailed analysis of the "Real estate and construction" sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Real estate and construction" sector in Colombia
• Crystallise the forces both driving and restraining this sector in Colombia
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia.
• Build a clear picture of trends, output and consumption for specific sub-sectors