Investment Property in Antofagasta

Investment Real Estate in Antofagasta

Investment Property in Antofagasta
Investment Property in Antofagasta

Antofagasta property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Antofagasta and LATAM .

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Searchable Map of Antofagasta Investment Real Estate

Antofagasta (Spanish pronunciation: [antofaˈɣasta] (About this soundlisten)) is a port city in northern Chile, about 1,100 kilometres (700 mi) north of Santiago. It is the capital of Antofagasta Province and Antofagasta Region. According to the 2015 census, the city has a population of 402,669.

Previously part of Bolivia, Antofagasta was captured by Chile in the War of the Pacific (1879–83), and sovereignty was transferred under the terms of the 1904 Treaty of Peace and Friendship between the two countries.

The city of Antofagasta is closely linked to mining activity, being a major mining area of the country. The last decade has seen a steady growth in the areas of construction, retail, hotel accommodations, population growth, and remarkable skyline development.

Antofagasta has the highest GDP per capita of Chile, US$37,000 and the 3rd place for Human Development Index just after Metropolitana de Santiago Region and Magallanes and Antártica Chilena Region.

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The increasing financial and political stability of Antofagasta has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Antofagasta

Renting out your Antofagasta buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in Antofagasta are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Antofagasta and be prepared to change your initial outlook.
  • Thoroughly research the Antofagasta location with a special emphasis on fringe areas outside the main Antofagasta metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Antofagasta.
  • Ensure that your target investment property in Antofagasta appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Antofagasta properties yourself is an easy option, but are these savings justifiable when you run into Antofagasta red tape? Physis Realty Antofagasta office in downtown Antofagasta provides you with peace-of-mind and leaves you time to plan your next move in the growing Antofagasta buy-to-rent sector.

With our expert guidance, investing in Antofagastaprovides the secure knowledge that your money is working harder than it would in a local Antofagasta bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Antofagasta, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Antofagasta property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Antofagasta

Flipping property in Antofagasta

Flipping property is when we advise clients to buy a Antofagasta property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Antofagasta market has a time to react to the renovation.

The Flipping Strategy in Antofagasta

Investment property flipping in Antofagasta is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Antofagasta real estate investments are sometimes referred to by professionals as ‘distressed’ Antofagasta real estate.

What is distressed Antofagasta property:

  • Antofagasta property in need of renovation
  • Antofagasta real estate with a change of purpose and use
  • Oversold Antofagasta property
  • Bank repossessions in Antofagasta

Put simply, long term investors in Antofagasta purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Antofagasta investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Antofagasta property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Antofagasta use a minimum profit value of 22% when looking at potential Antofagasta projects. The reason for this is because there are lots that can go wrong in Antofagasta property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Antofagasta

For luxury property investors hoping to add a superb property in Antofagasta to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Antofagasta, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Antofagasta should be entrusted to only the highest-quality agency.

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