Buying real estate in Santiago?

We've created a guide to help you avoid pitfalls, save time, and make the best long-term investment possible.

6 statistics for the Santiago real estate market in 2025

Last updated on 

Authored by the expert who managed and guided the team behind the Chile Property Pack

property investment Santiago

Yes, the analysis of Santiago's property market is included in our pack

What do the latest numbers reveal about Santiago’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Santiago, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At The Latinvestor, we dedicate a significant amount of time to studying the Santiago real estate market, analyzing trends and dynamics on a daily basis. We don't just rely on reports and analyses; we engage in daily conversations with local experts—realtors, investors, and property managers—in Santiago. These firsthand interactions provide us with a deep, practical understanding of the market.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Global Property Guide, La Tercera, and Meganoticias (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Santiago’s Residential Property Price Index increased by 7.426% by March 2024

Santiago's residential property market is on the rise, with prices climbing steadily throughout 2023.

In early 2023, the market saw a notable 10.75% increase in property prices compared to the previous year, setting a strong foundation for future growth. This momentum carried into the following months, although the pace varied.

By the third quarter, the overall price increase slowed to 2.76% year-on-year. However, the Northeast region of Santiago bucked this trend with a significant 8.2% jump in new apartment prices, highlighting strong demand in specific areas.

The sales trends in 2023 were equally impressive, with a 33.3% rise in residential property sales across Greater Santiago. This surge was largely driven by apartment sales, which soared by 42.4%, further fueling the market's growth.

These dynamics combined to push the Residential Property Price Index up by 7.426% by March 2024, reflecting a robust and dynamic market environment.

Sources: Global Property Guide

2) Upscale apartment rentals in Santiago are rising due to high demand

The rental market for upscale apartments in Santiago is booming due to high demand.

In recent years, Santiago has seen a surge in interest for high-end apartments. These properties often feature luxurious amenities like multiple bedrooms and bathrooms, making them highly sought after. The listings for such apartments are numerous, reflecting this growing trend.

While the median rent for apartments in Santiago is about $748,000 CLP, upscale apartments can fetch much higher prices. For instance, a spacious 140 SqM apartment with 3 bedrooms and 3 bathrooms can be rented for $1,514,651 CLP per month. This clearly shows a strong demand for luxurious and spacious living spaces.

The short-term rental market in Santiago also reflects this trend, with a high occupancy rate of 65% and an average daily rate of CLP42,604. This indicates a consistent interest in rental properties, including upscale options, for both short-term and long-term stays.

These figures suggest that Santiago is becoming a hotspot for those seeking premium living experiences. The demand for upscale apartments is not just a passing trend but a growing preference among renters.

Sources: FazWaz, Airbtics, Global Property Guide

infographics rental yields citiesSantiago

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Chile versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

3) Residential real estate sales in Santiago hit 1,801,000 units in September 2024

The real estate market in Santiago is facing a challenging period.

In the third quarter of 2024, sales of new homes in the Región Metropolitana dropped by 15% compared to the same time in 2023. This region, which includes Santiago, is seeing fewer buyers, reflecting a broader trend of declining interest in new properties.

Earlier in the year, the first trimester of 2024 also showed a 12% decrease in new home sales compared to the same period in 2023. This consistent drop suggests that potential buyers are hesitant, possibly due to economic uncertainties or changing preferences.

Moreover, the demand for homes in Santiago is notably weak, with sales in the third quarter being 21% lower than the decade's average. This indicates a significant shift in the market dynamics, where buyers are more cautious and selective.

Interestingly, there's a growing trend among buyers to prefer units that are either completed or nearing completion. This preference might be due to the desire for immediate occupancy or reduced risk associated with construction delays.

Despite these challenges, the total residential real estate sales in Santiago reached 1,801,000 units in September 2024, showing that while the market is down, activity is still ongoing.

Sources: La Tercera, Propital, Portal Inmobiliario

4) In Santiago, the average house price per square meter is about $2,300

The average house price per square meter in Santiago is around $2,300.

Location is a major factor in this pricing. Neighborhoods like Vitacura, Las Condes, and Providencia are in high demand because of their proximity to amenities and transportation, which naturally pushes prices up. These areas are popular for their vibrant lifestyle and easy access to the city center.

Economic conditions also play a part. Factors like inflation and the aftermath of the pandemic have led to increased housing prices, especially in wealthier districts. This trend reflects a broader economic impact on the real estate market.

Supply and demand dynamics are crucial too. In Santiago's eastern sector, where demand is high but supply is limited, prices are notably higher. This imbalance makes it challenging for buyers looking for homes in these areas.

Financial accessibility is another key element. The availability of credit and interest rates can significantly affect a buyer's ability to purchase property. Some financial institutions are offering more accessible credit options to help potential buyers navigate these challenges.

Understanding these factors can help potential buyers make informed decisions in Santiago's real estate market. Each element plays a role in shaping the overall pricing landscape.

Sources: Aparthotel, Expat.cl, Meganoticias

5) Housing units sold in Santiago reached 268,000 by June 2024

The number of housing units sold in Santiago rose to 268,000 by June 2024.

This increase is largely due to a growing interest in city living. People are flocking to urban areas like Santiago, drawn by high occupancy rates and attractive living conditions. New developments and socio-economic shifts are making city life more appealing than ever.

In Santiago, the average house price per square meter is about $2,300. However, prices can range from $1,600 to $3,000 depending on the location. This variation highlights the economic health and demand across different parts of the city, making Santiago a prime spot for property investment.

For those considering buying property, Santiago offers a dynamic market. The city's diverse neighborhoods provide options for various budgets and preferences, with some areas experiencing rapid development and increased demand.

Investors are particularly interested in Santiago due to its robust market conditions. The city's infrastructure and amenities contribute to its appeal, ensuring that property values remain strong and continue to attract buyers.

As Santiago continues to grow, the real estate market is expected to evolve, offering new opportunities for both residents and investors. The city's ongoing development projects and economic stability make it a compelling choice for property investment.

Sources: Chile Housing Market Analysis, Santiago Housing Market Trends, Statistical Overview

Get fresh and reliable information about the market in Santiago

Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.

buying property foreigner Santiago

6) Housing prices in Chile fell by 0.7% year-over-year in June 2024

In June 2024, overall housing prices in Chile dropped by 0.7% year-over-year.

In Santiago, the average house price per square meter is about $2,300, but it can range from $1,600 to $3,000 depending on the neighborhood. This means that some areas saw price hikes while others experienced drops, which contributed to the overall decline. The variation in prices highlights the diverse real estate landscape in the city.

Urbanization and population growth are driving a rising demand for apartments and condos in major cities like Santiago. This shift in preference is impacting the prices of traditional houses, nudging the overall housing prices slightly downward. People are increasingly opting for city living, which is reshaping the housing market.

There's also a growing interest in sustainable and eco-friendly homes. The development of mixed-use projects, which blend residential, commercial, and retail spaces, is becoming more popular. These trends are altering market dynamics and influencing pricing trends, as buyers look for more than just a place to live.

As these factors play out, the housing market in Chile is adjusting. The combination of varied pricing in Santiago, the shift towards urban living, and the demand for sustainable housing options are all contributing to the current market conditions. These elements are reshaping how people buy and sell homes in the country.

Sources: Chile Housing Market: Average House Prices per Square Meter

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.