Disclaimer: This post is translated from Tendencia 2019: Viviendas en formato pequeño by Capitalizarme.
According to Portalinmobiliario.com, Chile is offering smaller homes.
This quarter, prices of one bed one bath apartments have increased by 7.8% compared to the first quarter of 2018.
House market also heats up. Prices of 3 bed 1 bath houses, which are the smallest, increased by 10.3%. As a result, home prices have increased by 4.7% in a year. This registers the biggest rise since the second quarter of 2016.
The west, center and east sectors show an accelerated growth rate in the apartment market. Peñalolén and Estación Central are the neighbourhoods that experience the highest price increase in apartments and the only ones with more than 10% increase in Great Santiago.
Combining minimalist and practicality, Smaller spaces are one of the inclinations this year. This has led to a rise in their prices, both in apartments and houses.