A Dictator's Shadow on Chile's Housing Market Chile's capital city, Santiago, has seen a significant surge in property values and rentals in recent years, leaving economists and real estate experts perplexed.
The boom is not solely attributed to economic policies or global market trends; rather, it stems from a lesser known consequence of the country's tumultuous past.
Prices have risen by as much as 15% year over year, with demand for housing outpacing supply in Santiago. This has driven up costs and made many homes unaffordable to average citizens.