Concón

Concón is a fast-growing Pacific coastal city at the northern end of Chile's Greater Valparaíso conurbation, just north of Viña del Mar, celebrated for its dramatic sand dunes, surf beaches and a renowned seafood-restaurant strip. With around 50,000 residents and a steady inflow of Santiago second-home buyers and retirees, Concón has evolved from a weekend escape into one of central Chile's most dynamic apartment markets. New beachfront and hillside condos trade at roughly USD 2,300-2,700 per m2, with prime ocean-view units higher and inland stock from USD 1,900 per m2; buildable coastal plots near amenities run USD 250-500 per m2. Gross rental yields average about 4.3%, ranging from 3.9% to 4.7% across sectors, with strong seasonal short-let demand in summer. Concón is forecast among Chile's best growth markets, with apartment prices expected to rise 6-10% over 2026, roughly double the national average, as Metro Valparaíso extension benefits and relative affordability versus Viña del Mar draw buyers; the Bosques de Montemar sector ranks among the country's top areas for projected five-year cumulative growth of 30-50% in UF terms. Foreigners buy freely in Chile with the same rights as citizens and only a RUT tax ID required; note that public coastal land within 5 km of the shore is reserved for Chilean owners, but privately titled urban apartments and lots, the bulk of Concón's market, are fully open to foreign purchase.