The Barranquilla real estate market is very different from the neighbouring cities of Cartagena and Santa Marta where there is a substantial interest from Colombians and foreigners in the beach-side properties and the possibility of purchasing a second home or a holiday property.
In Barranquilla the demand is stronger from the domestic market looking to upgrade and first time buyers. In recent years there has been a substantial increase in construction activity driven by increased affluence and demand for real estate in Barranquilla. The North of the city is the location of the more affluent neighbourhoods where there is a mixture of residential homes and apartments, to the South there are a few buildings over about 6 floors and most buildings are only two floors high in the residential areas to the south. In the city particularly in the north there has been a mini construction boom in the last four years since Alejandro Char (who is himself a major figure in property development and construction in the city) became mayor of the city. The roots of which though can be traced back to before he took office.
The development of luxury aparments has seen substantial growth in the north of the City, they have featured higher quality finishes than found previously and porcelain polished tile, granitecounter tops, 2,5 meters high ceiling, all-in-one kitchens and a sort of amenities. The most noteworthy and interesting of the projects being in exclusive areas such as El Golf, Altos de Ríomar, Alto Prado and close to the popular Barranquilla shopping center Buenavista.
In addition there have been some new family homes built towards the coast but at this time there have few new projects in the country-side around Barranquilla or close to the sea and Puerto Colombia.