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Learn more about the Santiago property market through trends and average prices.
Santiago de Chile, also known simply as Santiago, is the capital and largest city of Chile. Home to over 40% of Chileans, this thriving modern city is the most populous in the country. It has been the capital of Chile since colonial times, and today, it serves as the cultural, political, and financial center of Chile. The city is situated in the canalized Mapocho River and boasts dazzling views of the high Andean peaks to the east, making it one of the most scenic cities in the region.
In addition to its beautiful settings, Santiago is brimming with 19th-century neoclassical architecture, lots of green spaces, and world-class restaurants. It is also known as the 2nd best city for business and the 3rd best city in terms of quality of life in Latin America. Due to these factors, the city is popular among tourists, expats, and foreign investors.
The most popular type of property for foreigners is apartments, which are widely available throughout the city, especially in central areas. Apartments in Santiago are typically built-in high rise buildings and have modern designs. In terms of size, apartments in the city can be classified into two categories: small and large. Small apartments usually have studio rooms or one to two-rooms, while large apartments come with more spaces, typically with three-rooms or more. Most apartments in Santiago offers standard amenities, such as parking spaces, some also offer fitness centers, communal swimming pools, and 24-hour security systems. House for sale in Santiago is not as abundant as apartments, but they are available. They usually have modern designs and there are also houses in colonial-styles.
Santiago offers a varied and colorful list of things to see and do. It has a vibrant and constantly developing cultural scene, and numerous interesting comunas (districts) and barrios (neighborhoods). One of the most popular areas in Santiago is Santiago Centro (Downtown Santiago). It is the heart of the city and is where the most famous attractions are located. Visitors can stroll around Plaza de Armas and visit the National History Museum and see the Central Post Office (Correo Central). It is also home to La Moneda, Mercado Central, and a number of beautiful buildings and churches.
Vitacura, which is known as the city’s top shopping spot and home to a number of elite private schools, is also popular. It has tree-shaded streets and parks, such as Parque Bicentenario where visitors can enjoy the outdoors or go for a run. It is also where Museo de la Moda or the Fashion Museum is located. Other popular neighborhoods in Santiago include Bellavista and La Alameda.
Santiago is a clean and modern city with an efficient public transport system and well-maintained infrastructure. Expats can benefit from the low cost of living that the city offers, without having to sacrifice their quality of life as Santiago has First-World living standards. Many expat couples cover all basic needs, including rent, for as little as $1,500 a month. A budget of around $2,500 to $3,000 a month is enough to provide a comfortable urban lifestyle. The official currency in Santiago is the Chilean Peso (CLP) and 1 USD converts to around 773 CLP. Credit cards are widely accepted and ATMs are widely available.
Christianity is the largest religion in Santiago, but small communities of other religions are also present. Spanish is the official language in Santiago, and while there are many people who can speak English, it is not widely spoken. Therefore, it is best to learn some common phrases of Spanish before visiting Santiago.
To live in Santiago, foreigners need a temporary resident visa. A temporary resident visa has numerous types, including contract work visa, independent worker visa, and investor visa.