Santiago is the capital and largest city of Chile with a population of around 7 million people, nearly half of the country’s entire population. Founded in 1541 by Spanish conquistador Pedro de Valdivia, the city is now Chile’s economic and cultural hub.
Santiago is located at an elevation of about 500 meters above sea level in the central part of the country and sits at the foothills of the Andes. The city is renowned for its striking landscape contrasts: towering mountain peaks on one side and valleys and rivers, such as the Maipo and Mapocho, which flow through the city, on the other.
Plaza de Armas is the central square of Santiago and the historical heart of the city, surrounded by significant landmarks like the Santiago Cathedral and La Moneda Palace, which houses the presidential residence. Santiago’s cultural life thrives in its many museums and theaters, including the Museum of Memory and Human Rights, dedicated to the Pinochet dictatorship era.
Economically, Santiago is the leading business center not only of Chile, but of the entire South American region. It boasts a well-developed infrastructure, including a modern metro system that transports millions of passengers every day.
The Place is conveniently located on the border of two rapidly developing neighborhoods, Ñuñoa and Providencia, just 10 minutes from the renowned Italian district, Barrio Italia. Within walking distance, you'll find two metro stations: Irarrázaval and Ñuble, as well as supermarkets, shopping centers, schools, parks, and all necessary amenities.
The Espacio Huérfanos is located in the heart of Santiago close to historical landmarks and tourist attractions. This area traditionally enjoys high demand for short-term rentals. Additionally, the property is situated in a quiet neighborhood in the city center, just a few minutes' walk from the metro station. The apartments acquired by the investor are managed by a property management company, ensuring a rental income of 8% to 12% annually on the investment.
