translated from Spanish: Boom in the home market: Up to 83% increased prices in communes of the north-west of the RM

The housing market has had several changes in behavior since the pandemic began last year. And this 2021 has not been different, as to date it continues to show signs of increasing average sales prices in most areas of the Metropolitan Region (RM).
In fact, according to Yapo Properties up to 83% increased the prices of houses for sale in communes of the north of the RM such as Quinta Normal and Peñaflor; areas that are characterized by their vegetation and large houses to enjoy the necessary space during quarantines.
“For some time now, we have seen the trend of consumers moving into spacious homes to make these times of confinement more enjoyable. Just in this last monthly report we were surprised how the average prices for buying houses have increased, in communes that were not very attractive to people until the beginning of 2021, among them, Quinta Normal and Peñaflor, which showed a boom in their average prices over 60%”, commented Claudia Castro, manager of Classifieds of the platform.
According to the report made by the platform, the communes that increased their average prices the most, compared to last month, were Quinta Normal (+83%), which went from $120 million to $220 million and have -usually- more than 4 bedrooms in areas such as Av. The Towers, which has quite a bit of accessibility.
Meanwhile, Peñaflor (+71%) increased from $62 million to $106 million, with properties located just outside Malloco, minutes from the Autopista del Sol and with more than 3 bedrooms and large patios. Lo Prado (+53%) it also rose from $85 million to $130 million and Melipilla (+30%) from $69 million to $90 million, both in places close to vegetation and little urbanized, therefore quieter sectors. In the case of Lo Prado, streets like Walton Island, took the biggest boom in their prices with 4 bedroom houses, more than 1 bathroom and spacious rooms.
Regarding the demand for houses for sale during June, not all the figures were positive. While Yapo Properties showed numbers that mostly point to a boom in demand in communes such as Estación Central, Talagante (+55%), Vitacura (+44%) and Curacaví (+42%), the MRI was not completely exempt from casualties. In areas such as La Cisterna, Recoleta and Macul there was a decrease in demand that exceeds 38%

Original source in Spanish