Home Real Estate House Hunting in Chile: A Sinuous Oceanfront Wonder for $2 Million

House Hunting in Chile: A Sinuous Oceanfront Wonder for $2 Million

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Mr. Bergstrom said that prices for high-end properties in his region have increased 25 to 30 percent year over year, and average between $2 million and $3 million. “I sell some of the most expensive houses in Chile, and it hasn’t stopped,” he said. “The issue is that there’s no more space to grow in small towns, and the number of houses for sale has not increased. The only way to get a piece of land is to convince an owner to sell.”

With remote work allowing more people to live in nonurban settings, “those traditionally second-home markets grew the most during the past 24 months,” said Jorge Mira, commercial manager of Engel & Völkers Chile in Santiago. Among the most active markets were the central beach town of Pichilemu, the lakeside southern town of Pucon, and Santo Domingo beach, 70 miles west of Santiago, he said.

Also on that list is Los Vilos, which was “mainly a fishing town, then became a vacation-home area for middle-class…

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