Chile · South America · Population: 6,800,000
Santiago is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $180,000 average home price in Chile, buyers should consider the 9.5x price-to-income ratio when planning a purchase.
| Average Home Price | $180,000 |
| Price per sqm | $3,200 |
| Price-to-Income Ratio | 9.5x |
| Mortgage Rate | 5.8% |
| 1-Year Price Change | +1.8% |
| 1-Bedroom Apartment | $650/mo |
| 3-Bedroom Apartment | $1,100/mo |
| Rent-to-Income Ratio | 32% |
| Median Household Income | $19,000/year |
| Years to Buy (at median income) | 9.5 years |
| Local Currency | CLP |
With a price-to-income ratio of 9.5x, Santiago requires significant savings to purchase property. At a mortgage rate of 5.8%, monthly payments could consume a large share of income. Home prices have increased 1.8% in the past year.
Cities worldwide with home prices closest to Santiago
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