Home Looking in Chile: A Vibrant, Fashionable Villa within the Andes for $1.three Million
(As of September 29, Chile had reported 461,300 cases of Covid-19 – higher than the neighbor of Bolivia and Argentina, and higher than that of Brazil – by 12,725 people, according to a New York Times coronavirus map.)
Santiago’s top market has been stable for many years, says Luis Novoa, CEO of Chile Sotheby’s International Realty. He estimated that the cost of applying for a joint venture with his organization was about $ 800,000, or $ 330 square meters.
The disruption that occurred last fall led to an increase in the number of high-end residential units, as wealthy homeowners decided to sell luxury resorts, but this has been limited, Novoa said. Now consumers are waiting for the results of the upcoming national referendum in October. Advertisers, however, are starting to jump on the bandwagon with more expensive prices, and some are buying invisible visuals. This is also an incentive for end-to-end consumers to offer low-cost subscriptions.
All over Chile, prices range from $ 750,000 for a family home in Santiago to $ 20 million when choosing a place in Patagonia, says Martin Rivera Saez, director of Alto Andes, a good organization in Santiago. But there has been a shift in what looks good, he added. In the past, buyers wanted “bigger buildings with buildings, located in more privileged areas.” A few years ago, “the idea began to change,” and buyers began looking for “less attractive” homes that were easier to maintain.
Because of the lack of new shelters, “we have seen a decline,” large single-family homes are being replaced by high-rise apartments with 7 to 10 houses, Novoa said. At the moment, areas “with great space and quality of life” are in high demand by the elite.