Santiago, Chile
Property prices · 2024 · Americas
Property price trend in Santiago (2024–2026)
Property comparison — cities in Chile (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Santiago |
|---|---|---|---|---|
| Santiago | CLP 2,800,000 | CLP 1,800,000 | CLP 850,000 | — |
| Valparaiso | CLP 2,800,000 | CLP 1,850,000 | CLP 550,000 | 0% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Santiago in 2024?
In Santiago, the average price per sqm in the city centre is CLP 2,800,000, and CLP 1,800,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Santiago in 2024?
A 1-bedroom apartment in Santiago rents for approximately CLP 850,000 per month in 2024. A 3-bedroom apartment costs around CLP 1,650,000/month.
Is it better to buy or rent in Santiago?
Buying may offer better long-term value in Santiago. The price-to-rent ratio is 15.0x — it would take approximately 15.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.50%.
What are mortgage rates in Chile in 2024?
The average mortgage rate in Chile is approximately 6.50% as of 2024. With a price-to-rent ratio of 15.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Santiago?
The average property price per square metre in Santiago city centre is CLP 2,800,000 in 2024. Outside the centre, expect to pay around CLP 1,800,000/sqm.