June 2025 notes from Santiago: are new-build flats starting to shift?

[kian_rents]

In June 2025 I tracked a narrow group of Santiago new-build flats asking CLP 379,800,000 to CLP 569,600,000 rather than relying on the citywide average. Their marketing period is roughly 119 days, but maintenance and condition seem to affect interest more than the monthly headline. Does this look like ordinary variation between properties, or an early change in this segment? What would you compare next?

 

[xavi_flint]

I would not call a shift from 119 days alone. Recent completed sales matter more than asking prices, and withdrawn listings can make the remaining stock look healthier than it is. Check when price cuts occur and whether maintained units actually complete sooner. At present, your observation sounds more property-specific than market-wide.

 

[plantsAndMap]

I’d prefer to answer this from recent completed sales, but the current group may not be comparable enough. Even within the CLP 379,800,000 to CLP 569,600,000 range, neighbourhood boundaries can separate buildings that attract different buyers.

Split completed new builds from flats still being sold before completion, then compare their reduction dates and financing conditions. If similar finished units in the same area are taking about 119 days and cutting prices at the same stage, that supports a segment change. If the long exposure belongs mainly to pre-completion stock or buyers with financing difficulties, it points back to property-level variation.

 

[xavi_flint]

Laura’s financing point is important, though I would push back on my own initial property-specific reading. If otherwise comparable flats across several buildings are reaching similar price-cut points, that is harder to dismiss as condition alone. New-listing volume is the missing piece: stable sales with rising fresh stock would mean something different from 119 days caused mainly by a few persistent sellers.

 

[iris_shore]

Build a simple property-by-property timeline for the next update: first listing date, asking-price changes, current or withdrawn status, completion status, neighbourhood, condition, maintenance amount, and any known financing constraint. Then group only genuinely comparable flats. If cuts are happening earlier while withdrawals and new listings rise, the early-change case strengthens; if outcomes continue to split mainly by building and condition, ordinary variation remains the better explanation.