Chile's house prices up, sales down
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The increase in Santiago's property prices continues unabated. In Greater Santiago, the average "real" price of new apartments rose by 6.8% during the year to March 2016, according to the Chilean Chamber of Construction (CChC).
New apartments in Southern Santiago saw the highest price rises, with a 12.7% increase y-o-y to March 2016. Western and Eastern Santiago saw price increases of new apartments around 6.8% and 5.8%, respectively. However new apartment prices in Central Santiago actually fell by 1% in real terms during the year to March 2016.
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