Real Estate

Homes That Buyers Won’t Touch Show Deepening Crisis in Chile

Sales have slowed, leaving builders in a financial bind
137 construction companies, 15 developers filed for bankruptcy

A pedestrian waits to cross the street in front an apartment building with rooms for sale in Santiago.Photographer: Cristobal Olivares/Bloomberg

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By Eduardo Thomson and Carolina Gonzalez

March 15, 2024 at 12:00 PM UTC

Updated on

March 15, 2024 at 1:46 PM UTC

This article is for subscribers only.

Lea la nota en español.

There are so many apartments sitting empty in Chile that the government is considering stepping in to buy some. That’s an unusual move in a world where it’s a shortage of housing that is typically the problem.