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Land Along the Carretera Austral

Buying, Selling, Building, Tax issues, anything regarding real estate or properties anywhere in Chile.

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Land Along the Carretera Austral

Postby bones on Thu Apr 10, 2008 1:23 pm

Next winter (Chilean summer) I'm doing a bike trip along the Carretera Austral with my wife, who's Chilean. We've often talked about buying some land in Chile, especially in the south, but not in a major tourist area like Pucon or Puerto Varas.

I figured when I was on my bike trip it would be a good idea to look around and get an idea of prices. Most likely it would be just land, without any kind of structure.

So has anyone ever looked at places between Puerto Montt and Coyhaique? I know that Futaleufu is becoming a more popular tourist destination.

Also, what happens if I buy the land and just let it sit for a while? I'm not worried about squatters since most of this area is very rural. Do I just have to pay the annual property tax? Thanks.
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Re: Land Along the Carretera Austral

Postby Putenio on Thu Apr 10, 2008 5:03 pm

I can take this one.

Our land is on the other side, coastal road b. Pt. Montt & Calbuco. It's considered agricultural and is noted as exempt from contribuciones (taxes). Good question to ask when exploring properties.
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Re: Land Along the Carretera Austral

Postby Vicki and Greg Lansen on Fri Apr 11, 2008 1:05 am

Futa has a very short tourist season, most being very thoughtful backpackers and adventure tourist. South from Futa are little places like Santa Lucia, La Junta, and other small towns. It's very beautiful on the Austral from Chaiten, to Futa, and back to Santa Lucia and down. Check out allsouthernchile.com for examples of properties and other info on southern Chile areas. The Austral becomes extremely dusty during our summer. It is gravel, so nice nubby tires is probably a good idea. Tons of wonderful Chileans, lots of places to enjoy and camp at along the way.

I may be wrong, but I think not, you do not have the squatter problem here in Southern Chile as you find in many Latin American countries. I think your most likely squatters would be stray cows, or horses. But as always, best to check with a qualified attorney!

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Re: Land Along the Carretera Austral

Postby admin on Fri Apr 11, 2008 9:51 am

For your bike trip, you might want to contact Lu warner at the vallebonitochile.com I know he biked the entire austral route some years ago.

We have a few listed on our site allsouthernchile.com on the austral. Your best bet, for the best deals is the people you meet as you go along. South of La Junta is where your best prices will be.

There are no squatter issues in Chile. You might have some property line issues. In fact anywhere in that Patagonia we STRONGLY urge all of our clients to hire a surveyor to have your property lines sorted out before buying. Remember this land did not have any value even 10 years ago, so not even the government cared much about who got what. Surveyors are relatively cheap.

Most land in the south is zoned rural agricultural property and has no property tax or very little. At the most, for a big property you would likely pay something around $100 a year in property taxes for say something over 100 hectares+. Again, most is simply exempt.

The issue with leaving land unoccupied is often more about someone cutting the trees. Typically our clients in the course of buying however strike some deal with the neighbor or someone else in the community to keep an eye on their property while away. If it is just watching an otherwise empty property a good one is to strike a deal with a local rancher to be able to graze a few cows in exchange for watching the property. Typically you make friends in the process of buying, and those friendships go a long way to solving a lot of problems later.

Expect to pay about 500,000 CPL on the low end for large property tracks of 100 hectares or more, and for under 100 hectares about 1 million to 3 million south of La junta. Again much depends on the features.

There are some great little side valleys off the Austral, that have almost no one living in them with really cheap land, and good roads. It is like buying your own little Switzerland or Salt Lake valley. We had a client buy a couple small tracks about 3-7 hectares and pay about 3 million a hectare. With time, you could likely find something around that size for about 1 to 2 million.
Focus on the people however, and not the land. Good deals in southern Chile comes from friends, not strangers.
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