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Nov 15, 2013

Buy a small apartment to rent out in Chile


Last Updated: Nov. 15, 2013
SANTIAGO -
Apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
45 sq. m. 146,295 665 5.46% 3,251 14.78
80 sq. m. 194,960 947 5.83% 2,437 11.84
120 sq. m. 329,880 1,714 6.23% 2,749 14.28
170 sq. m. 485,210 2,689 6.52% 2,913 15.82
350 sq. m. 1,105,650 5,698 6.18% 3,159 16.28
VALPARAISO -
Houses
40 sq. m. 66,360 n.a. n.a. 1,659 n.a.
70 sq. m. 105,840 n.a. n.a. 1,512 n.a.
120 sq. m. 215,400 n.a. n.a. 1,785 n.a.
VIÑA DEL MAR -
Apartments
35 sq. m. 79,905 434 6.51% 2,283 12.39
75 sq. m. 97,125 706 8.82% 1,295 9.41
120 sq. m. 158,160 1,015 7.70% 1,318 8.46
185 sq. m. 407,925 n.a. n.a. 2,205 n.a.
365 sq. m. 746,425 n.a. n.a. 2,045 n.a.
Santiago: Providencia, Pedro de Valdivia Norte, Vitacura, Las Condes, El Golf, Lo Barnechea, La Dehesa, La Reina and Ñuñoa
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Buy a small apartment in Chile – the return on your property will be twice as high as for a large apartment. Gross rental yields for medium-sized apartments in Santiago are now above 10% - that’s for apartments around 70 square meters.

These are the highest yields we have recorded for Chile during the Global Property Guide’s 6 year existence. Six years ago, when we first began to study Chile, the highest yields were to be found in larger houses in the North (Antofagasta, San Pedro de Atacama), and also in the Centre (Valparaiso, Viña del Mar) (though Santiago had a more classical “small = high yields, large = low yields” configuration).

Yet increasingly the realities now favour buying small properties rather than large, as during 2010, rents have moved up sharply for smaller apartments. Small residential property is where the ‘returns juice’ is strongly concentrated in Chile.

Chile is one of those countries where data on house prices is not collected by the authorities, despite the high state of development of its institutions






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