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Chile Home  Chile Real Estate Articles Real Estate in Chile 2008: Top Five Hottest Markets in Southern Chile
Real Estate in Chile 2008: Top Five Hottest Markets in Southern Chile |
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Puerto Varas Real Estate
Puerto Varas has always been a hot real estate market. Nice and
steady, with ever increasing growth. There are four to five new
hotels slated for construction in the area, and there is already a
casino in Puerto Varas proper. This town is about 25 minutes by car
to the big city of Puerto Montt. Get out around the lake to find
deals. As you go East along the lake however towards the town of
Ensenada, expect prices to go up. Move out around the Western side of
the lake to find better deals. Lake frontage is hard to find these
days, but lots with great views of the lakes and mountains on the
Western side can still be found.
Pucon / Villarrica Real Estate
We are keeping Pucon on the list this year just barely. The real
estate bubble seems to have burst for the most part, but there is
always the cycle of seasonal purchases by Chileans from Santiago. The
prices go up in the Summer, and then the properties tend to be dumped
back on the market in the winter as people from Santiago loose
interest in the property or can not afford to keep up the payments.
If you are so inclined to look at the Pucon area, look in the winter
time when tourism is down and there are lots of property on the
market. Also, avoid the Santiago real estate agents selling property
in Pucon. Buy local, and avoid the more scummy sharks pushing
vacation / retirement properties in the Pucon area.
Where do we buy? All Southern Chile and Patagonia Editor's Pick
Most of the real estate markets above are hot areas that our
clients have bought in this year, or have looked at buying this year.
Obviously our readers and our clients want to know where we buy in
Southern Chile personally. Well, we would buy all of southern Chile,
if we could; but among other locations, we have bought some land in
Futaleufu and we will buy some land in Chiloe this year. We have one
place we would buy and in fact did buy property for ourselves this
year that is not on the above list.
Just east of the City of Osorno is the little town of Inter Lagos
( between the lakes ). This area has been for the most part
overlooked by all the real estate booms and busts in southern Chile
by both foreigners and Chileans. It has for generations been a place
for old money rich to vacation during the summers, but only in
limited areas. A few miles one way or the other, and there is still
incredible views, rivers, lakes, fly fishing and more. There are many
hot springs and a ski resort also in the area around Inter Lagos.
Inter Lagos, Chile Real Estate: Location, location, location,
location.
The town of Inter Lagos is the last major settlement before the
Argentina boarder. Thus, a property in the area puts you about 2-4
hour drive from most Bariloche, Argentina ski resorts, 40 mins to the
fast growing city of Osorno, and a couple hours to most of the major
popular destinations in southern Chile. Even beter is if you are so
inclined to drive to the Patagonia, this is where you cross in to
Argentina to reach destinations like Futaluefu or Aysen by car.
Futaluefu is approximately a 6 hour drive around through Argentina
from Inter Lagos, or about that point where your eyes start to cross
from driving. Best of all, land prices are still cheap and range from
around 2 million pesos for 5 square meters to about 8 million a
hectare. For being so centrally located on a major crossroad in the
heart of Southern Chile, the prices are still very very good. We
believe this is because people are all on their way somewhere else
when they pass through it, and simply have not stopped to give it a
good look.
Some closing thoughts on Real Estate in Southern Chile for 2008
We should note that any such report is inherently difficult to do
with any sort of accuracy in Southern Chile as there is no sort of centralized source of statistics for real estate in
Chile. We caution that this is our overall view of the trends, and is
in many ways a generalizations. Take your time, start with what YOU
like, and most of all get out and get to know the people,
communities, and geography of Southern Chile and Patagonia.
CONTINUE READING:<< Start < Prev 1 2 Next > End >>
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