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Antofagasta: Chile's Copper Capital
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In the north of the country, midway between Arica and La Serena lies the number one place to invest in Chile: Antofagasta.
An easy choice for first place, Antofagasta boasts the highest GDP per capita in Chile and registers third on the Human Development Index for the country.
Antofagasta’s economy is almost exclusively in the mining sector, mainly in copper.
The Antofagasta city area is mainly populated by mine workers.
In Chile, mine workers and executives work mostly on temporary assignments and then return to their homes either on the weekends or once their project has been completed.
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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The floating population of Antofagasta is about the same size as the actual population of the city.
During these temporary assignments, the businessmen who populate Antofagasta are on business travel—expenses included for all living costs.
Also, the city is a property renter’s paradise; the corporate market is a goldmine (should we say copper mine?) in itself here.
The delicate timing of the projects, in conjunction with the wealth of the mines, has caused demand and prices for rental and timeshare properties to skyrocket, with no signs of slowing down anytime soon.
Other investors have taken note, and, within the last decade, there has been a huge increase in the number of hotels, specialty stores, highrises, and other housing projects in the region.
The floating population of Antofagasta is about the same size as the actual population of the city.
During these temporary assignments, the businessmen who populate Antofagasta are on business travel—expenses included for all living costs.
So, the city is a property renter’s paradise; the corporate market is a goldmine (should we say copper mine?) in itself here.
The delicate timing of the projects, in conjunction with the wealth of the mines, has caused demand and prices for rental and timeshare properties to skyrocket, with no signs of slowing down anytime soon.
Other investors have taken note, and, within the last decade, there has been a huge increase in the number of hotels, specialty stores, highrises, and other housing projects in the region.
Antofagasta offers a market overflowing almost exclusively with the coveted corporate traveler.
No matter what you’re looking to do: start a business, sit on land for resale, or run a short-term rental property, Antofagasta is a good bet. This city caters to the very wealthy and highly educated population of Chile and most closely emulates that of Santiago’s market development.
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.
Start Your New Overseas Life Today
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024
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Antofagasta, Chile, is famous for its copper mining and other minerals like nitrate and iodine. The region has furnaces for refining copper. Cement and lime are also extracted to help with copper refining. Additionally, there are iron ore deposits used for steel production.
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