2022 was a difficult year for the real estate industry. Housing sales were affected by the increase in restrictions by banks when granting financing, and high inflation, due to which we ended the year with a UF that exceeded $35,000. As a result, rental values have been recovering - approaching pre-pandemic prices - and the multifamily concept is becoming stronger.

In the aftermath of the pandemic, the most resilient types of real estate have been residential or multifamily rentals, a real estate business model born in the United Statesa real estate business model that originated in the U.S., and which consists of residential buildings which consists of residential buildings designed exclusively for rental purposes, These have survived inflation and have been the most resilient in the past few years. These have survived inflation and the financial crisis.

For the first quarter of this year, occupancy reached 95%, with an average value of 0.279 UF/m2. 

What to expect for 2023?

For this first semester we have an accumulated CPI of 2.1%, when for the same period in 2022 it was 6.1%. In addition, in April of this year we saw that the interest rate on mortgage loans has decreased, providing more opportunities to access home ownership.

The market is optimistic for the second half of the year, in which we could expect a stabilization of prices, an increase in new property sales and a decrease in mortgage interest rates.We could expect a stabilization of prices, an increase in sales of new properties and a decrease in interest rates for mortgage loans.

Claudia Jamett

Fynsa AGF Team