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Key regions: Europe, Brazil, France, Asia, United States
Chile is experiencing significant developments in its Residential Real Estate market.
Customer preferences: Homebuyers in Chile are increasingly seeking properties that offer both functionality and sustainability. There is a growing demand for energy-efficient homes that incorporate eco-friendly features such as solar panels and rainwater harvesting systems. Additionally, buyers are looking for properties with modern amenities and spacious living areas that cater to their changing lifestyles.
Trends in the market: One notable trend in the Chilean Residential Real Estate market is the rise of mixed-use developments. These projects combine residential, commercial, and retail spaces in a single complex, providing residents with convenient access to various amenities and services. This trend is driven by the desire for a more integrated and efficient urban lifestyle. Another trend is the increasing popularity of co-living spaces, particularly among young professionals and students. Co-living offers a more affordable and flexible housing option, as residents share common areas and utilities. This trend is fueled by the high cost of living and the desire for social connections and community living.
Local special circumstances: Chile's geography and natural beauty play a significant role in shaping the Residential Real Estate market. The country's diverse landscapes, including the Andes Mountains and the Pacific Ocean, attract both local and international buyers looking for properties with stunning views and outdoor recreational opportunities. Additionally, the stability of Chile's political and economic environment makes it an attractive destination for real estate investments.
Underlying macroeconomic factors: Chile's strong economy and stable political climate have contributed to the growth of its Residential Real Estate market. The country has experienced steady economic growth over the years, driven by sectors such as mining, agriculture, and services. This has led to an increase in disposable income and purchasing power, allowing more people to invest in residential properties. Additionally, low interest rates and favorable mortgage conditions have made homeownership more accessible to a broader segment of the population. In conclusion, the Residential Real Estate market in Chile is developing in response to changing customer preferences, such as the demand for sustainable and functional homes. The market is also influenced by trends such as the rise of mixed-use developments and co-living spaces. Local special circumstances, including Chile's geography and political stability, further contribute to the growth of the market. Finally, underlying macroeconomic factors, such as the country's strong economy and favorable mortgage conditions, support the expansion of the Residential Real Estate market in Chile.
Data coverage:
Figures are based on total and average value of residential real estate, residential estate transactions and leases.Modeling approach:
Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)