Chile Real Estate 2025: Foreign Ownership, Market Overview & Best Cities to Invest
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8/27/2025
✅ Can Foreigners Buy Property in Chile?
Yes — foreigners have the same rights as Chilean citizens to acquire real estate, including land, homes, and commercial properties. There are no restrictions on foreign ownership.
⚖️ Foreign Ownership Laws
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No restrictions on property ownership for foreigners
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Full freehold rights granted upon purchase
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Land near international borders may have restrictions requiring government approval (rarely enforced)
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Ownership must be registered at the Conservador de Bienes Raíces (Property Registry)
🏙️ Top Cities & Regions to Invest
🔹 1. Santiago
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Capital and economic hub
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Diverse market with apartments, houses, and commercial real estate
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Strong rental demand and solid infrastructure
🔹 2. Valparaíso & Viña del Mar
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Coastal cities popular for tourism and beach properties
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Vacation homes and rental properties in demand
🔹 3. Concepción
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Industrial and university city
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Growing residential and commercial markets
🔹 4. La Serena
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Coastal city with increasing tourism appeal
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Affordable properties and development potential
🔹 5. Puerto Varas & Lake District
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Scenic area known for natural beauty
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Vacation homes and eco-tourism developments
💰 Property Prices in 2025
| Location | Avg. Price (CLP/sqm) | Approx. €/sqm |
|---|---|---|
| Santiago | CLP 2,500,000–4,500,000 | €2,700–€4,800 |
| Valparaíso/Viña | CLP 1,800,000–3,500,000 | €1,900–€3,700 |
| Concepción | CLP 1,200,000–2,500,000 | €1,300–€2,700 |
| La Serena | CLP 1,000,000–2,000,000 | €1,080–€2,160 |
| Puerto Varas | CLP 1,200,000–2,300,000 | €1,300–€2,500 |
📈 Rental Yields & ROI
| Location | Long-Term Yield | Short-Term Rental ROI |
|---|---|---|
| Santiago | 4.5–6% | 6–8% |
| Valparaíso/Viña | 5–7% | 7–10% |
| Concepción | 4–5.5% | 5–7% |
| La Serena | 5–7% | 7–9% |
| Puerto Varas | 5–8% | 8–11% |
🛠️ Buying Process for Foreigners
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Obtain a Chilean RUT tax ID number
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Find property and negotiate purchase price
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Conduct due diligence and verify titles with a lawyer
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Sign Promesa de Compraventa (pre-sale contract) and pay deposit (usually 10%)
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Finalize sale with Escritura Pública (public deed) before a notary
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Register property transfer at Conservador de Bienes Raíces
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Closing timeframe: typically 30–60 days
🧾 Taxes & Fees
| Tax/Cost | Rate/Details |
|---|---|
| Property Transfer Tax | 0.2% of property value (usually paid by buyer) |
| Stamp Duty (Tax on Sale) | 0.2%–0.6% depending on sale price |
| Annual Property Tax | 0.5%–1% depending on property value |
| Capital Gains Tax | 10% on gains for non-primary residences |
| Notary & Registration | 1%–2% total transaction costs |
| Rental Income Tax | Progressive rates, 10%–40% |
🛂 Residency & Visas
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Property ownership does not grant residency or citizenship
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Foreign buyers must apply for visas or residency independently
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Investment in property is not a direct route to residency but can support financial requirements
🏘️ Who Should Invest in Chile?
✅ Ideal for:
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Investors seeking political and economic stability in South America
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Buyers looking for a mix of urban and vacation property opportunities
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Those interested in long-term rental income and capital growth
❌ Not ideal for:
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Buyers expecting residency through property purchase
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Investors needing rapid liquidity in less developed markets
🔮 2025 Market Trends
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Stable real estate market with moderate growth expected
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Increasing interest in coastal and lakefront vacation properties
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Infrastructure improvements enhancing connectivity
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Continued demand for sustainable and modern developments
🧭 Final Thoughts
Chile’s transparent legal framework and open market make it attractive for foreign buyers. Understanding local taxes and working with reputable legal counsel ensures smooth transactions.
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