CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 


Financial Overview

Directory

Property Search

Global Statistics

Regional Statistics






Nov 22, 2015

Moderate rental yields in Santiago and Viņa del Mar


Last Updated: Nov. 22, 2015
SANTIAGO -
Apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
80 sq. m. 202,320 833 4.94% 2,529 10.41
120 sq. m. 332,520 1,181 4.26% 2,771 9.84
200 sq. m. 523,000 2,268 5.20% 2,615 11.34
VALPARAISO -
Houses
125 sq. m. 163,750 n.a. n.a. 1,310 n.a.
205 sq. m. 260,965 n.a. n.a. 1,273 n.a.
VIŅA DEL MAR -
Apartments
70 sq. m. 129,990 512 4.72% 1,857 7.31
90 sq. m. 165,870 581 4.20% 1,843 6.45
120 sq. m. 243,960 791 3.89% 2,033 6.59
200 sq. m. 375,000 1,548 4.95% 1,875 7.74
Santiago: Providencia, Pedro de Valdivia Norte, Vitacura, Las Condes, El Golf, Lo Barnechea, La Dehesa, La Reina and Ņuņoa
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields in Santiago and Viņa del Mar - the return earned on the purchase price of a rental property, before taxation, vacancy costs, and other costs - are moderate.  Gross rental yields are an important consideration even for those who do not intend to become landlords, because a high rental yield indicates that the property market is reasonably priced.

Prices for apartments in Santiago are around USD 2,500 to USD 2,800 per square metre (sq. m.) or around USD 335,000 for a 120 sq.m. apartment.  Prices in Viņa del Mar are around 30% to 40% lower.  

These are reasonable prices, and by the standards of the continent, Santiago has a comparatively low price to income ratio, with a typical 120 sq. m. apartment 17 times average GDP per capita.  






Comments


Be the first to comment on this article!



Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.



Compare Countries



Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:





Connect to professional advice in Chile





PROPERTY RECOMMENDATIONS

 
Download free property reports from international research houses

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions
Chinese property buyers and Asian buyers, there is great property for high net worth Chinese buyers on Juwai.com

Which parts of the world are most attractive for property investment today?

Click here to see our Latest Investment Offers!

Close Me