Santiago
Santiago and its Commercial Real Estate Market are unique in many respects. Did you know…
- Santiago, the capital of Chile, is the country’s largest city with the largest population, over 5.5 million people.
- Santiago is the cultural, commercial, financial, industrial and communications center of Chile. It is also a major contributor to the Chilean economy because it generates 45% of the country’s GDP.
- Santiago has become one of Latin America’s most sophisticated cities. Uninterrupted economic growth in the last decade has helped in the transformation of the city, which now has extensive suburban developments, dozens of shopping malls, and impressive high rise architecture.
- Chile and Santiago continue to attract foreign investment. The federal government has signed 57 bilateral or regional trade agreements with many countries and trade unions including the United States, China, India, Mexico, South Korea and the European Union.
- Some of the benefits companies enjoy when operating in Santiago include a well educated and technology oriented work force, the most free economy in Latin America, a stable government, a low cost of living, one of Latin America’s most competitive telecommunications services, and the second most important financial center in Latin America after Sao Paulo, Brazil.
- Demand for space in most real estate sectors has increased, and this has led to a boom in construction. Currently several commercial, residential, and office buildings are being built throughout the city.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
