Chile Real Estate Report Q3 2014

Jul 23, 2014 - Business Monitor International - 62 pages
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With decades of economic and political stability, Chile has long been one of the jewels in the South American crown with a dynamic economy, abundance of resources and consistent growth. These strong fundamentals and a resilient leasing market make Chile a strong and dependable performer in the commercial real estate sector. Lead indicators suggest that construction and pipeline growth is expected to continue at a strong rate.

With steady economic growth and a business-friendly climate, Chile's retail growth will continue to post strong numbers in future quarters and will drive the demand for retail, office and industrial spaces. Net yields are forecasted at 8-10% across all sectors and cities surveyed by BMI. Recognising Chile's retail potential, AT Kearney's Global Retail Development Index ranked Chile first on its list for the first time in 2014. According to research by the Economic Commission for Latin America and the Caribbean, Chile received USD20.26bn in foreign direct investment in 2013. Chile comes in third in Latin America with the highest level of FDI, after Brazil and Mexico.

In spite of new supply, absorption rates are generally holding up across the board, with record amounts of office space set to come online over the next year. In fact, an anticipated broader slowdown in pipeline activity in the medium term is good for the leasing market - particularly in the office and retail sub sectors - as new supply decreases and demand remains relatively buoyant, the competition for prime space in prime locations may well boost rental rates in the medium term. Nevertheless, abundant demand and supply is the general trend across all commercial real estate sub-sectors and as a result, the commercial real estate market is expected to continue to blossom. The country's status as one of Latin America's most prosperous regions has helped it retain stability and caused it to become a target destination for people looking to enter into a more...

The Chile Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Chile Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Chile.

Key Benefits

  • Benchmark BMI's independent real estate industry forecasts for Chile to test other views - a key input for successful budgeting and strategic business planning in the Chilean real estate market.
  • Target business opportunities and risks in Chile through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.

Market Overview

Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.

Market Analysis

Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.

Industry Forecast Scenario

Historical data series (2010-2012) and forecasts to end-2018 for the domestic real estate industry and for the local and global finance industry. Indicators include:

Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%)

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$)

Business Environment Rankings

BMI's Real Estate Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (real estate vendors, construction companies and financial investors) in the regional real estate market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses.

The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.


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About the Publisher
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.