New vs Used Santiago Apartments

Buying, Selling, Building, Tax issues, anything regarding real estate or properties in Chile.
Forum rules
NO DISCUSSION OF SPECIFIC REAL ESTATE AGENTS BY NAME, LINK, OR RECOMMENDATION ANYWHERE ON THE CHILE FORUM.
Donnybrook
Rank: Chile Forum Citizen
Posts: 3229
Joined: Thu Nov 24, 2011 10:34 am
Location: Santiago, Chile

Re: New vs Used Santiago Apartments

Post by Donnybrook » Thu May 31, 2012 11:11 pm

I got the clear impression that the older buildings, even as far inland as Santiago, withstood earthquakes better than many of the newer ones.
No, not necessarily so. The newer buildings which had irreparable damage also had flaws in their construction. Or there was a problem with soil liquefaction (a major problem in the Christchurch NZ earthquake) as in Huechuraba where more than one decently built building suffered major damage. An ex-secretary of my DH managed to run out of her building in Ñuñoa (probably the one you saw) and it collapsed behind her. The builders have been charged with various things but it will be a while before the owners (she rented) will see their money back. Those who had paid cash fared the worst. Those with mortgages and insurance, slightly better.

A lot of factors come together to cause damage: location and depth of the quake, duration, as well as how well things are built. The last 7 point whatever it was here did no damage yet the under 6 in Italy was very bad.

Post Reply