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Home » Best Countries To Live, Invest, And Retire Overseas » Chile » Arica, Chile
Arica, Chile’s northernmost city, offers a mild desert climate and year-round “eternal spring,” making it a booming tourist hub. Known for its beaches, surfing competitions, and cruise ship traffic, Arica is ripe for investment in tourism, rentals, and renewable energy. The government actively supports clean energy projects, boosting opportunities for forward-thinking investors.
Arica is Chile’s northernmost city, located just 18 kilometers from the Peru border. (For the soccer fans out there, Arica was one of the host cities when Chile hosted the World Cup in 1962.) Arica’s climate is classified as mild desert—it’s characterized by temperatures averaging 75°F) year-round, with no major temperature extremes or changes.
With a population of almost 186,000 Arica boasts Chile’s version of eternal springtime.
Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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This enviable climate has allowed Arica to reap the benefits of a booming tourism industry; its beaches are the major attraction.
Arica is known the world-around as a surfer’s haven and plays host to international surfing and body boarding championships every year.
The city also acts as a port for cruise ships and services many cruise lines, Royal Caribbean and Celebrity Cruise Lines included.
Given the city’s current and continually increasing popularity, foreign investors in Chile already have a niche cut out for them here, and the market is eager to be better-serviced.
Surfing competitions hosted by Arica have grown in number and popularity year after year, as have the number of dates for which the city will be a port of call for tourist lines.
Anyone looking for short-term property rental, hotels, or any kind of shop or restaurant catering to this type of tourist will be welcomed and will see a great occupancy rate.
Moreover, for investors in the renewable energy industry, Chile’s Ministry of Mining and Energy (created in 2010) invested funds into the Arica 1 Project to increase the use of renewable resources to meet the demands of the mining industry.
The current government is aggressively trying to attract more investors into the renewable energy sector right now.
Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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Valencia, Spain
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Arica is famous for its pleasant weather, earning the nickname “city of eternal spring” in Chile. Its beaches attract many visitors. Plus, the city was a key port during the time of Spanish colonial rule.
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