Entire building, Sector La Matriz

There is a large, 2000m2, early 20th century building currently for sale in the Matriz area of Valparaiso. The area is undergoing significant regeneration after a gas explosion destroyed nearby building and woke the government up to the requirements of the area. One block away is a large scale loft-apartment project, something that will significantly aid in the regeneration process.

This particular building would also be suitable for a loft project. It is in structurally sound condition, having had the structure reinforced with steel beams.

The roof affords stunning views of the hills and it would be possible to build two floors higher, allowing for views of the bay and the port. I have photos should you be interested.

Lot, Cerro Alegre, Valparaiso

This lot of 400m2 is available after a house burned down. It is over-valued but the owners are desperate to sell and would accept a much lower offer. it is located up a small alley and you could build in the region of 600-800m2.

Santiago Residential House

This house is typical of much of the architecture in Providencia. Of reinforced concrete construction, the house shows late art-deco and early modernist touches, particularly in the wood-work in the house. It has around 300m2, 5 bedrooms, living room, dining room, large kitchen front garden, back patio and ample parking.

It is located on Manuel Montt, a quiet residential area 10 minutes walk to Providencia and the metro and is valued at 140 million pesos (us$280,000)

Santiago House

The following property in Santiago is just off Providencia on a street with a number of bars and restaurants. It is an excellent location. It would be best suited converted to either offices or restored and rented as a commercial locale.

The property has around 500m2 and requires renovating (non-structural). A roof terrace was enclosed that could re-opened and the back garden was also roofed over. Recovering the garden would also allow natural sunlight to enter the basement rooms, creating more space.

There is parking for 3 cars.

The house is on the market for 150 million pesos.

Santiago Centro: More than just office space

The centre of Santiago, long seen as just a place to work, has undergone a huge transformation over the last few years. In 1990, just 10,000m2 of living space was constructed. In 2006, that figure rose to 1 million m2.
(source: www.portalinmobilario.com)

Loft Conversions in Chile

The centre of Santiago is home to some of Chile's most beautiful architecture. Parts of Santiago Centro, Barrio Brasil, Barrio Lastarria and Barrio Concha y Toro are stunningly beautiful and rival even Buenos Aires for their European architectural styles, with art nouveau and art deco masterpieces abounding.

These areas have become run down over the past few decades but life is being breathed in the barrios, with new bars, art galleries and restaurants being opened and increased investment in new construction. It is obvious that the area has the potential to gentrify, as has been seen in city centres around the world.

Unfortunately, many of the city's most spectacular buildings are being torn down in order to build high rise residential towers which, despite the obvious lack of quality, are rapidly being sold to young professionals and investors. There have been a few loft conversion projects of historical buildings in the area and this is something that must be further encouraged in order to save more of Santiago's architectural heritage.

At Pacific Five, our desire is to be at the forefront of this type of construction. We are personally experienced in the renovation of historically important buildings and we work alongside architects who are also highly experienced in loft conversion projects. Our aim is to create high quality living spaces for young professionals who aspire to more than just 2.3m high ceilings and cheap kitchens.

We firmly believe that we can save some of Chile's most beautiful architecture, offer high quality loft conversions and return healthy profits to investors. We invest our own money into projects in order to show the faith we hold in this market and our abilities.

Both Santiago and Valparaiso offer excellent opportunities in the conversion of older buildings. Please contact us through Pacific Five, Chile Real Estate Consulting and we will be happy to provide further details.

For more information (in Spanish) and photos of the area of Santiago suitable for loft conversion projects please visit this website and particularly this site.

Office Space in Santiago

Office space in Santiago is currently at its highest ever level of occupancy at around 99%. This is the highest rate in all Latin America. Other cities in the region suffer from far lower occupancy rates: Lima (93.4%), Buenos Aires (98.1%), Bogota(98.7%), Ciudad de Mexico (95.3%) and Sao Paulo (95.4%).

Investing in office space can be an excellent option in Santiago. An expanding economy, safe investment environment, respected financial institutions and lack of corruption make Chile an attractive base for many foreign multinationals and local companies. Rental returns of over 10% can be expected.




(source: Colliers International Chile)

House in Viña del Mar

This is another house on Cerro Castillo. It is an English style house and was renovated as new 4 years ago. The house is in excellent condition and has around 300m2 of interior space. It has 4 bedrooms, 4 bathrooms, huge living room and dining room, office, den, garden with swimming pool and space for 2 cars.

The asking price is 190 million pesos (us$380,000) negotiable.

Master bedroom




Ensuite bathroom


Bedroom




Swimming pool








Living room



Stained glass windows

House in Viña del Mar

This property in Viña del Mar is in the city's most exclusive neighbourhood, Cerro Castillo. Cerro Castillo has long been home to Viña´s wealthy. The official summer residence of the President of Chile is in this area, as is the local police HQ, meaning that the crime rate is virtually zero.

The house is priced at 120 million pesos (us$240,000) negotiable. It has around 230m2 of indoor space, 4 bedrooms upstairs, another bedroom downstairs, a large living room, dining room, large kitchen and 3 bathrooms. There is parquet flooring throughout.

There is a good sized back garden, a front garden (with a large lemon tree) and space for 3 cars. The house also has a large roof terrace that has been roofed over. It would be very easy to recover the terrace, which would afford excellent views over the Pacific.

The house is in ok condition but would need modernising. 10-20 million pesos would need to be spent to bring it up to a good standard.




Entrance porch/car parking




Kitchen




Dining/living room


Living room



Downstairs bathroom




Back patio/garden



Upstairs bedroom



View from master bedroom (view from recovered terrace would be much better)



Upstairs distribution area

Large Apartment in Viña del Mar

This large 3 bedroom apartment is in Viña's most exclusive beach front development. Completed in 1996, the complex has 4 identical, luxury towers just across the road from the beach and 5 minutes walk to the mall (shops, supermarkets and cinemas).

The apartment on the 8th floor has 140m2, 3 bedrooms, 2 bathrooms (1 en-suite), living and dining room, large kitchen and radiator central heating. it comes with 2 parking spaces and 2 very large storage rooms.

The complex has 2 swimming pools and a gym.

Asking price: 175 million pesos (us$340,000)

Viña del Mar Information

Viña del Mar is, and has always been, Chile´s favourite and largest sea-side resort. Known as the 'Garden City' for its abundant green spaces, it was originally a city where wealthy people from Santiago and also Valparaiso had second homes and beach side houses and apartments. This hasn't changed much in the last 100 years.

What has changed is the infrastructure. Viña, now, is a fully functioning city in its own right. It has 2 large shopping malls, many large supermarkets and all the major shops from Santiago have offices and locales in the city. Viña has excellent restaurants, great shopping and is perfectly livable all year round. it also has a very large casino in a beautiful old mansion. It is Valparaiso's smarter sister city-not as much charm but better infrastructure.

There are many real estate options, from large houses on the exclusive Cerro Castillo to beach front apartments with incredible views out over the Pacific. During the summer months of January and February, the city is packed-driving and shopping can be slightly stressful for the less patient among us but the masses are not completely overwhelming and you can live your daily life without problems. Outside of these months, the city is quiet and relaxed, despite being a year round home for almost 300,000 people.

Viña is, and will always be, Chile's most desirable large resort city for the country's expanding middle class. At just an hour and a half from Santiago, it is within easy reach for day trips and weekends away.

Photos of Viña courtesy of Yahoo Travel

Renovated House on Cerro Alegre/Concepcion

This house of around 210m2 on Calle Templeman has been completely renovated and is in perfect condition. It has 2 main bedrooms and a guest bedroom and bathroom at the back of the house. Separate living dining rooms, large kitchen and very large laundry room. Large internal patio. Sea view from main bedroom.

Asking price: 130 million pesos (us$250,000)