Price per square metre in Chile continues to rise in new housing despite stabilisation in total values

According to Felipe García Bunster, Head of South Latam at Tinsa by Accumin, the total value of new residential properties in Chile has remained broadly stable since 2019, while the price per square metre continues to increase at an annual rate of around 7%.

This trend is partly explained by a gradual reduction in average dwelling sizes, as the market adapts to tighter economic conditions. However, smaller homes do not necessarily translate into improved affordability, as financial pressure on households remains significant.

The analysis also points to a growing preference for renting over buying, alongside a closer alignment of supply with buyers’ real payment capacity. In high-demand areas, such as the Metropolitan Region, these adjustments are particularly pronounced.

In contrast, regions where prices remain relatively lower may still experience further upward pressure, highlighting the uneven evolution of the residential market across regions.

These insights support a deeper understanding of market dynamics and enable more informed decision-making across the real estate sector.