Canadian buying in Chile

[Wes Derequito]

Hi all,

Been doing alot of research on the matter, and was wondering if anyone (especially fellow Canadians, namely Quebec)  have ever bought any real estate in Chile. My wife was born in Canada and is going for a dual citizienship in Chile (Chilean family). We noticed how very inexpensive it is to purchase there, yet the cost of living very high.

We spoke to a relative who lives over there who also rents out a place and hires a property managing firm that ensures the rent is paid and all is in good condition at a very reasonable rate. We were thinking of doing the same. We will still reside here in Canada, but my wife will be going over there 1-2X a year. 

Was wondering if anyone else out there has done this, and any potential issues to look out for? Also perhaps even any private lenders who specialize in foreign investments? 

Thank you for your time!
Wes Derequito

[Account Closed]

Wes, Dominic,

I am a realtor in Santiago, Chile. I will be happy to answer any questions you may have. Please feel free to e-mail me ([email protected]) or let me know when you are here and we can meet up. Real Estate in Chile works very different to other countries, so you have to be a little careful. 

Hoping to hear from you soon, 

Anja.

PS: You can see more of my work here: www.vidaustralis.com