Chilean investors continue to see Miami as a prime real estate destination, with $204 million invested in 2024—around 4% of the city’s foreign market, according to AGD Developers. Despite this solid demand, many Chileans fall into recurring mistakes that can reduce profitability or complicate projects. Matías Daroch, Managing Director of AGD Developers, warns that focusing on aesthetics over strategy, underestimating timelines, and neglecting after-sales considerations are among the most frequent errors.
Key Points:
- Chileans invested $204M in Miami real estate in 2024, representing 4% of foreign buyers.
- A common mistake is prioritizing design over strategy, overlooking market fundamentals or property conditions.
- Many underestimate renovation timelines and permit complexities, which can delay or increase costs.
- Ignoring after-sales management can hinder property appreciation.
- Most Chilean investors today acquire land or teardown properties in high-value neighborhoods, often structured via LLCs, Corps, or Trusts for asset protection and tax efficiency.
- Demand is shifting toward wellness-oriented designs, with meditation rooms, saunas, and biophilic elements like natural light and large terraces.
Read the full article to learn how Chilean investors can avoid costly mistakes and build smarter strategies in Miami’s competitive real estate market.
