Moderate rental yields in Santiago
Residential Valuation Specialist | December 31, 2018
|Last Updated: Dec. 31, 2018|
|COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|60 sq. m.||221,820||743||4.02%||3,697||12.38|
|85 sq. m.||298,520||993||3.99%||3,512||11.68|
|120 sq. m.||390,720||1,336||4.10%||3,256||11.13|
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Santiago: Barrio Lastarria, Barrio Brasil, Bellavista, Club de Golf La Dehesa, El Golf, Las Condes, La Reina, Metro Alcantara, Metro Escuela Militar, Nunuoa, Providencia, Vitacura
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
It is obviously impossible to summarise the many different price-ranges and yields in Chile´s capital, Santiago. Our research covered the richer districts of Barrio Lastarria - a popular tourist hub and a historic district; Barrio Brasil - with its strong artistic and cultural scene and many universities; Bellavista, known as Santiago´s bohemian quarter, with avant-garde galleries, bars and clubs, host to many of the city´s intellectuals and artists; La Dehesa; El Golf; Las Condes, with its upscale population; La Reina, which consistently ranks in the top 5 districts for quality of life; Metro Alcantara; Metro Escuela Militar; Nunuoa; Providencia; and Vitacura.
We found great variations but the overall results was pretty clear, that a square metre of residential property in such upscale districts tends to go for around $3,200 to $3,700 and to command a rental yield of around 4%.