Chilean cities are among the cheapest in the world to live when it comes to buying a home. A study by Global Property Guide, which considered 112 towns of the world, ranked Santiago as the tenth cheapest in terms of price per square meter, while the southern Conception obtained the third place.
According to the 2008 Worldwide Cost of Living Survey by Mercer Human Resource Consulting, the Chilean capital is one of the cheapest cities in the world. In a ranking of 144 cities, with the first place corresponding to the most expensive, Santiago ranked 91, considerably ahead of Madrid in 53rd place; Singapore, 17; Prague, 50, and Hong Kong, in fourth place.
But apart from the competitive costs that Chile offers, there has also been a profress in terms of quality of life in recent years. Its capital, Santiago, is the second best city to live in Latin America, according to a ranking by the Economist Intelligence Unit which considered140 cities of the world.