Moderate rental yields in Santiago and Viña del Mar

December 31, 2018

Last Updated: Dec. 31, 2018
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

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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