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Sunday, May 3rd, 2009
Santiago and Concepcion are attractive to investors of residential properties, Vina Del Mar to a lesser extent, says Global Property Guide
There are surprisingly large differences between yields on residential property in major cities throughout Chile. The Global Property Guide ( target = "_blank" href = "http://www.globalpropertyguide.com"> http://www.globalpropertyguide.com) research site of residential property, today released the results of research to rent in the main cities of Chile. The study revealed that:
• Apartments in the main areas of Santiago have excellent rental yield from 8.16%.
• Apartments in the city of Vina Del Mar return of only half, on average, gross rental yields of around 4.31% only.
The rental yield is the annual rental income in a property, as a percentage of the purchase price of property today. This is what a landlord can expect the return on your investment. The rental yield is a useful criterion of whether the property is overvalued or undervalued
The high yields of apartments in major areas of Santiago – Las Condes, Providencia, Vitacura – suggest that these areas of Santiago good work of residential property investments.
Apartments in the main areas of Santiago, the average cost of $ 98,520 U.S. for an apartment of 60 square meters, according to research from the Global Property Guide, compared with U.S. $ 87,480 for the same size of property in Viña del Mar. However, 120 square meter apartments are more expensive in Viña del Mar in Santiago.
The result? Looking through the various sizes, prices in the two cities are more or less the same, on average.
Although apartments in Santiago and Viña del Mar, close to the cost of it, per square meter, however, apartments Santiago produce twice as good rental returns – ie the same size rents for apartments in Santiago are almost two times higher. This means that James is much more attractive as residential investment.
In the southern city of Concepcion, 120 apartments meters gross square with excellent rental yields 9.04% – also, an excellent level of rental yields, thus making conception very attractive investment.
Why consider rental income? Some investors in residential properties may ignore Rental Returns, being more concerned by capital gains.
However, even well advised to consider rental income. The rental yield or price / rent is similar to the price / earnings ratio in the stock market. As in the stock market, real estate, high rental yields tend work better and have higher capital gains in the long term.
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Large Report — http://www.globalpropertyguide.com/Latin-America/Chile/Rental-Yields
Description:
The Global Property Guide is a house on line property research.
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Publisher and Strategist:
Matthew Montagu-Pollock
Phone: (+632) 867 4220
Mobile: (+63) 917 321 7073
Email: editor@globalpropertyguide.com
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Global Property Guide
http://www.globalpropertyguide.com
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115-117 Stephen Street
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info@globalpropertyguide.com
About the Author:
The Global Property Guide is a research publication and web site for the high net worth investor in residential property – providing information about the process and benefits of buying property in any country in the entire world.
Article Source: ArticlesBase.com – High Yields On Residential Property In Chile, Says Global Property Guide
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