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Real estate in Chile: a market in demand

As a property shopper, you're looking for your very own slice of heaven. With a glut of spectacular scenery, a fascinating culture and a thriving capital city, the long, thin country of Chile could be just what you're looking for. Interest in the Chilean real estate market has been on the rise, with growing demand across the country. Here, we take a closer look at the appeal of this South American country, and see what Chilean real estate has to offer.

Bologna - Shopping for a second home? Here's all you need to know about Chile's property market.

Why Chile?

Sandwiched between the waves of the Pacific Ocean and the glory of the Andes, this slice of South America's main attraction is quite clear: the abundant natural beauty. Rural Chile is a beautiful place. In the north of the country, you'll find vast, arid deserts. Moving south, you'll pass vineyards, forests and even ski-friendly mountains. The country's south opens up to fjords, rivers and breathtaking ice caps. Lovers of the great outdoors have plenty to explore.

The Chilean market

Much like the country's economy, the Chile real estate market is at its liveliest in the capital city of Santiago. Here, the average cost of a three-bed property is in the region of $225,000, some $70,000 above the national average. The market has seen dramatic growth over the last decade or so, and has stabilised in recent years. Chilean real estate prices continue to rise, making the country a savvy place for property investment.

Buying in the city

If you're looking at Chile real estate alongside a work placement in the country, the likelihood is that you'll be heading for Santiago. The city makes an equally suitable base for those keen to explore the length of the South American continent, with excellent transport links heading out in every direction. The obvious attraction of urban life means that prices here exceed average Chilean real estate prices.

For foreigners in the Chilean capital, the most popular areas are Lastarria and Bellas Artes. These laid-back neighbourhoods have a European vibe, with a selection of fine places to eat, drink and shop. For a more cosmopolitan feel, the city's financial district, El Golf, appeals. Not only is this a thriving centre for economic activity, it's also home to some of Santiago's finest luxury amenities.

Rural property

The Chilean real estate market may be at its hottest in the capital city, but there are plenty of stunning properties to be found in the rural areas, too. The Andes are not only great for exploring – they also provide a stunning backdrop for expansive and luxurious mountain holiday homes.

With more than 5,000km of coastline, it's hardly surprising that Chile is also an attractive place to shop for beachfront properties. Pichilemu is one of the gems of the Chilean coast – this swiftly growing surf town is well known for its hip feel and stunning beaches. With a thriving tourism industry, the town provides great potential for holiday lets if you don't intend to live in the property all year round.

Finding your dream second home is all about keeping your finger on the pulse of the real estate market. Discover the Chilean market with Engel & Voelkers. You'll find features on far-flung destinations, and shrewd financial advice on parts of the globe that are now ripe for property investment.

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