Iquique

Iquique is a northern Chilean port city of around 230,000 in the Tarapacá Region, wedged between the Pacific and the towering coastal cliff, and built on the wealth of the historic nitrate era and today's ZOFRI free-trade zone. Its golden beaches, above all Playa Cavancha, paragliding cliffs and duty-free commerce make it both a tourism magnet and a commercial hub. The beachfront high-rise market is the most established in the north: apartments trade around USD 1,900-2,300 per m2, with Cavancha ocean-view units higher and inland stock from USD 1,500 per m2. Gross rental yields are attractive by Chilean standards at roughly 4.5-5.5%, lifted by ZOFRI worker demand and summer tourism that fuels strong short-let occupancy along the beach. Year-on-year price growth has tracked 3-7% in UF terms, in line with the national 2026 outlook. Foreigners enjoy full ownership rights in Chile with only a RUT tax ID required; however, Iquique sits in a northern zone near the Peru and Bolivia borders, so under Decreto Ley 1.939 nationals of bordering countries face restrictions in declared border areas, and public land within 5 km of the coast is reserved for Chilean owners, though titled urban apartments, which dominate the Cavancha market, remain fully open to all foreign buyers.