Chile » Market Report

Chile is an outstanding example of a successful housing market and has the most developed secondary mortgage market among Latin American countries, with a variety of mortgage products popular in the marketplace. Government subsidies and an aggressive title distribution program have resulted in a marketplace that has the lowest percentage of sub-standard housing, the highest rate of homeownership, and the highest average Gross Domestic Product growth among countries in the region.

This is a different world for sure, but once you understand some things about the way the business culture works in Chile, and you show yourself to be a fair and honest person, many possibilities can open up to you.

It is still a culture of large families and when you help someone from a family, such as giving them a job or helping them in some other way, you will have earned much goodwill and, in the future, everyone in the family you've helped will be willing to give you a hand.

It’s reasonable to conclude that real estate and housing have played a role in this success story. Rentals is close as you can get to a sure thing, but buying land and properties has been very lucrative in all the places. Again renting is a great income producer.

International Property Brokers predict that the Chile property market is set to do good business.  A healthy trend has been noted in 2008 of people coming to Chile not for a vacation only but for the purpose of living here. IPBRE forecasts that this trend would continue in future with southern Chile attracting more investors. The recent strength of Peso against dollar is another positive factor working to Chile’s advantage.