What do I need to know when buying property in Chile?

When we asked expats what advice they would give a foreigner before buying a property in Chile, they said...

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to hire a lawyer to help with the legal aspects of the purchase. 3. It is important to understand the tax implications of buying property in Chile. 4. It is important to understand the local zoning laws and regulations before making a purchase. 5. It is important to understand the financing options available for purchasing property in Chile. 6. It is important to understand the process of transferring the title of the property to the new owner. 7. It is important to understand the process of registering the property with the local government. 8. It is important to understand the process of obtaining a mortgage in Chile. 9. It is important to understand the process of obtaining insurance for the property. 10. It is important to understand the process of obtaining permits and licenses for the property," said another in Chile.

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