Costanera

The lakefront promenade strip - premium apartments and homes with direct Llanquihue and volcano views.

Updated June 17, 202611 min read

About Costanera

The Costanera is Puerto Varas's prized waterfront: a lakeside promenade lined with premium apartments, hotels and homes commanding unobstructed views of Lake Llanquihue and the Osorno and Calbuco volcanoes. It is the most prestigious and view-protected address in town, steps from the centre yet defined by its panoramic water frontage. For investors this is the premium-appreciation play. Lakefront apartments fetch CLP 3.5-4.8 million/m² (USD 3,600-5,000) - a clear premium to the town median - with strong short-let demand from view-seeking tourists delivering gross yields near 5.5-6.5%. Scarce buildable lakefront and view-protection regulations cap supply, making Costanera stock highly liquid and a reliable store of value as the southern market continues its double-digit nominal growth.

Location

Costanera in Puerto Varas, Los Lagos Region, Chile

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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