In 2023, the percentage of households devoting more than 40% of their income to housing costs in Chile stood at 42.4%. Forecasts for the following years indicate a continuous rise: 43.5% in 2024, 44.6% in 2025, 45.8% in 2026, 46.9% in 2027, and 48% in 2028.
Year-on-year, the percentage increases are:
- From 2024 to 2025: 2.53%
- From 2025 to 2026: 2.69%
- From 2026 to 2027: 2.40%
- From 2027 to 2028: 2.34%
The compounded annual growth rate (CAGR) from 2023 to 2028 is approximately 2.50% per year.
Future trends to watch for include socio-economic policies affecting the housing market, inflation rates influencing household incomes, and potential urban migration altering housing demand dynamics. Monitoring these factors will be essential for a comprehensive understanding of housing cost overburden trends in Chile.
