According to a report from real estate consultancy Data Inmobiliaria, the districts of Renca, Quilicura, Puente Alto, and El Bosque currently offer the best real estate investment opportunities in Greater Santiago.
The study highlights that these emerging areas are yielding annual rental returns of over 11%. Entry-level property prices in these districts typically range between 1,000 and 1,300 UF.
This new landscape of opportunity follows a period of market correction in the capital's real estate sector. Since 2021, the region has seen a decline in transaction volumes alongside a downward adjustment in prices.
The profitability in these districts is driven by a gap between acquisition costs and rental demand. While sales prices have adjusted, rental demand has remained robust.
“We are seeing a market that has already undergone much of its adjustment. The opportunity lies in those districts where purchase prices have corrected, but rental rates have not dropped by the same margin,” explained Joaquín Espíldora, founder and CEO of Data Inmobiliaria.
Contrast with the Eastern Sector
The analysis reveals a stark contrast with the capital's traditional neighborhoods. Districts in the eastern sector, such as Las Condes and Vitacura, maintain high levels of stability and liquidity, but offer more modest returns, ranging between 6% and 7%.
Among the areas with the highest potential, Renca stands out for its ability to combine affordable entry prices with high rental demand and strong prospects for appreciation.
Puente Alto also emerges as a key target for investors, driven by its dynamic sales market.
“The market is more segmented today and requires more nuanced analysis. The opportunities are there, but they are found in specific locations where various factors align in ways they previously didn't,” added Espíldora.
The consultancy notes that factors such as connectivity, urban expansion, and sustained demand are the key drivers for the future outlook of these districts.
