Strong housing market in Chile
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Property prices are rising quite strongly in Santiago, Chile’s capital. The average “real” price of a new house in Greater Santiago rose by around 9% y-o-y to January 2013, according to the Chilean Chamber of Construction (CChC).
New apartment prices in Central Santiago enjoyed 10.8% growth during the year to January 2013, also in real terms. Western and Eastern Santiago both had lower price growth of around 7.9% and 10.7%, respectively. Southern Santiago had the highest price increase of 11.7%.
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