Global Property Guide

Financial Information for the Residential Property Buyer


Moderate rental yields in Santiago and Viña del Mar

Last Updated: November 22, 2015

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.
VIÑA 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 Ñuñoa
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields in Santiago and Viña 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 Viña 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.  

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