How much subsidy can I receive as a first-time home buyer in Aysen?

It depends on your tier. Under DS1 Tier 1, you can receive up to 600 UF (approximately USD 24,000). In Tier 2, up to 600 UF (450 plus 150 UF new construction bonus). These amounts are higher than in the rest of Chile due to Aysen's extreme zone classification.

How long does the home buying process take in Chile?

From having an approved subsidy and bank pre-approval, the purchase process takes 30-90 days. The longest step is usually the title study at 15-30 days.

How much is property tax in Aysen Chile?

The residential property tax rate is 0.933% of the annual fiscal valuation. In Aysen, many properties fall below the exemption threshold of CLP 56.8 million, paying zero property tax.

Can I use the DS1 subsidy to buy a used property in Chile?

Yes. DS1 applies to both new and used properties. The extra 150 UF bonus only applies to new construction, valid through December 2025.

First Home in Aysen: Complete Guide to Subsidies, Mortgages and the Buying Process 2026

TL;DR Buying your first home in Aysen comes with advantages that don’t exist anywhere else in Chile. As an “extreme zone,” the DS1 subsidy maximum prices go up to 2,600 UF, subsidies are more generous (up to 600 UF / ~USD $24,000), and the new Law 21,748 cuts your mortgage rate by up to 1.16 percentage points. With FOGAES, the down payment drops to just 10%. An apartment worth UF 2,500 (~USD $100,000) in Coyhaique could have a monthly payment of ~CLP $341,000 (~USD $350) with the subsidy. The entire process takes 30-90 days.

First-time home buyers in Chilean Patagonia standing in front of their new home with mountains in the background

Aysen: an extreme zone with extra benefits

Chile’s Aysen Region has a classification that few people know about but that makes a huge difference when buying property: extreme zone (zona extrema). This means all MINVU housing subsidies come with increased amounts, property price caps are higher, and there are specific programs that don’t apply in Santiago or Valparaiso.

In this guide we cover every available subsidy, the complete buying process, real costs beyond the property price, and the tax benefits you can take advantage of. Everything sourced from official data, updated to 2026.

A note on UF: Chile uses the UF (Unidad de Fomento) for real estate, an inflation-indexed unit updated daily. As of early 2026, 1 UF is approximately CLP $38,500 or USD $40. All subsidy amounts are set in UF.

Available housing subsidies in Aysen

DS1: Middle-Class Housing Subsidy

The DS1 is the most widely used subsidy for middle-income buyers. It has 3 tiers, and in Aysen the caps are higher:

	Tier 1	Tier 2	Tier 3
Max. property price	1,200 UF*	1,800 UF*	2,600 UF*
Subsidy amount	600 UF	450 UF + 150 UF bonus**	400-550 UF + 150 UF bonus**
Min. savings	30 UF	40 UF	80 UF
RSH requirement	60th percentile	80th percentile	90th percentile
Savings account	12+ months	12+ months	12+ months

Aysen amounts (extreme zone), higher than regular zones. *150 UF bonus for new construction, valid through December 2025.

2025 application: Second round November 18-28, 100% online at minvu.cl. Works for houses AND apartments, new or used.

Pro Tip: In Tier 2 with the new construction bonus, you can receive up to 600 UF (450 + 150) in subsidy. That’s over CLP $23 million (~USD $24,000) the government contributes toward your home. Combined with the mortgage rate subsidy, your monthly payment drops dramatically.

DS49: Solidarity Housing Fund

For families in the bottom 40% of the Social Household Registry:

Base subsidy: 314 UF
Stackable bonuses: urban location (200 UF), rural feasibility (120 UF), high-density (110 UF), disability (20 UF)
Total possible: up to ~800 UF (~USD $32,000)
Max. property value in Aysen: 1,050 UF (vs. 950 UF in regular zones)
Min. savings: 10 UF
No mortgage required

2025 individual round: first week of August. Source: ChileAtiende

This program works through SERVIU-approved real estate projects. In Aysen, the only active project is Lomas de Coyhaique II (192 apartments).

Max. subsidy: 1,100 UF (houses) / 1,200 UF (apartments)
Max. property value: 1,400 UF (houses) / 1,500 UF (apartments)
Registration: inscripcionproyectods19.minvu.cl

DS10: Rural Housing Program

For families in towns with fewer than 5,000 inhabitants (most of Aysen outside Coyhaique):

Subsidy in Aysen: 550 UF (higher than the rest of Chile)
Type: build on your own land (for those who own land but not a house)
Minimum dwelling: 2 bedrooms, kitchen, bathroom, living-dining room
Source: ChileAtiende

Rental Subsidy (DS52)

If you can’t buy yet:

Annual amount: 170 UF
Monthly cap in Aysen: 4.9 UF (~CLP $193,000 / ~USD $200) vs. 4.2 UF in regular zones
Duration: up to 8 years
Min. savings: 4 UF
RSH: up to 70th percentile
Source: Gob.cl

Chilean housing subsidy documents and keys to a new home on a desk

Law 21,748: the mortgage rate subsidy

Published in May 2025, this law is a game-changer:

Rate reduction: 0.61 to 1.16 percentage points off your mortgage rate
Applied automatically when the mortgage is approved (no separate application)
Properties up to 4,000 UF (general public)
Properties up to 3,000 UF (DS1 Tier 2-3 and DS19 beneficiaries)
Down payment reduced to 10% with FOGAES guarantee (normally 20%)
Valid: until May 2027 or until 50,000 spots are filled
New construction only (first sale)

With the current base rate of ~4.13% (Tasas.cl), the subsidy can bring the effective rate down to ~2.23-3.52%.

Real Example: An apartment worth UF 2,500 at Lomas de Coyhaique II. With FOGAES, the down payment is 10% (UF 250 = ~CLP $9.6M / ~USD $10,000). A loan of UF 2,250 at a subsidized rate of 3.42% over 30 years gives a monthly payment of ~CLP $341,660 (~USD $350). That’s less than the average rent for a similar apartment in Coyhaique.

Step-by-step buying process

1. Get your RUT and open a savings account (month 1-12)

If you’re Chilean, you already have a RUT. If you’re a foreigner, request one at the SII with your passport and a Chilean address.
Open a housing savings account at BancoEstado (Jose de Moraleda 502, Coyhaique) or another bank.
Save the minimum required for the subsidy tier you’re targeting.

2. Apply for the subsidy (when the round opens)

DS1: 100% online application at minvu.cl
You’ll need: ID card, savings account with 12+ months history, up-to-date RSH
Results in 45-60 days

3. Mortgage pre-approval

Visit banks with your approved subsidy
Documents: 6 months of pay stubs, AFP certificate, debt certificate
Maximum debt load: monthly payment cannot exceed 25% of net income
Employees: minimum 12 months of employment. Self-employed: minimum 24 months with verifiable income.

4. Find a property and sign a reservation

Browse our Coyhaique listings or all of the Aysen Region
Sign a reservation with conditions (subject to credit and subsidy approval)

5. Purchase promise (promesa de compraventa)

Notarized contract that sets the price, deadlines, and guarantees
Notary in Coyhaique: 1a Notaria, 21 de Mayo 551, tel. (67) 22 55 622

6. Title study

Conducted by the bank (or your lawyer) to verify there are no legal impediments
Takes 15-30 days

7. Public deed and registration

Signing at the notary
Registration at the CBR Coyhaique (Freire 420, tel. +56 67 2245475)
Once registered, you are the legal owner

Total timeline: 30-90 days from offer acceptance.

Costs beyond the purchase price

Concept	Approximate amount	Who pays
Notary (promise + deed)	3-5 UF	Shared
CBR registration	0.2% of value	Buyer
Appraisal	2.5 UF	Buyer
Stamp tax (DFL2)	0.2% of loan	Buyer
Stamp tax (non-DFL2)	0.8% of loan	Buyer
Title study	2-5 UF	Buyer
Brokerage	2% each party	Both
Approximate total	2-3% of value

For a property worth UF 2,500 (~USD $100,000), total closing costs are ~UF 50-75 (CLP $1.9-2.9M / USD $2,000-3,000).

Tax benefits for property owners

DFL2: benefits for up to 20 years

If your property is up to 140 m2 (DFL2 Article):

50% discount on property tax for 10-20 years (depending on size)
Stamp tax reduced to 0.2%
50% discount on CBR registration
Exempt from inheritance tax
Exempt from rental income tax (up to 2 properties per RUT)

Mortgage interest deduction

Under Art. 55 bis of the SII:

Income under 90 UTA: deduct 100% of interest, up to 8 UTA (~CLP $6.46M/year)
Applies to new and used properties

Capital gains exemption

Lifetime cumulative exemption: 8,000 UF (~USD $320,000) in property sale gains
Above the threshold: option to pay a flat 10% on the gain

Key Fact: In Aysen, many properties have a fiscal valuation below the property tax exemption threshold (CLP $56,846,995 in 2025). This means many homeowners in the region pay zero property tax.

Information for foreign buyers

Can foreigners buy? Yes, without restrictions. Chile grants the same property rights to foreigners and nationals.
Subsidies: Require permanent residency. DS49 also requires 5 years of residency.
RUT: Obtained at the SII with a passport. No visa required.
Mortgage: Most banks require permanent residency and Chilean income documentation.
Border zone: Nationals from bordering countries (Argentina, Bolivia, Peru) have restrictions for buying within 10 km of the border. Administered by DIFROL. Does not apply to other nationalities.

Useful contacts in Aysen

SERVIU Aysen: Ramon Freire N 5, Coyhaique, tel. (67) 210 131
DOM Coyhaique: domenlinea.minvu.cl
DGA Aysen: Riquelme 465, Block B, Floor 3, tel. (67) 257 2266
1a Notaria Coyhaique: 21 de Mayo 551, tel. (67) 22 55 622
CBR Coyhaique: Freire 420, tel. +56 67 2245475, cbrcoyhaique.cl
BancoEstado Coyhaique: Jose de Moraleda 502, Monday-Friday 9:00-14:00

Explore properties for sale in Coyhaique or check our houses in the Aysen Region to find your first home.

Frequently Asked Questions

How much subsidy can I receive as a first-time buyer in Aysen?

It depends on your tier. Under DS1 Tier 1, you can receive up to 600 UF (~USD $24,000). In Tier 2, up to 600 UF (450 + 150 UF new construction bonus). These amounts are higher than in the rest of Chile due to Aysen’s extreme zone classification.

Can I buy with only a 10% down payment?

Yes, thanks to the FOGAES guarantee which reduces the down payment from 20% to 10% for new properties up to 4,000 UF. Valid until May 2027 or until the 50,000 available spots are filled.

How long does the entire buying process take?

From having an approved subsidy and bank pre-approval, the purchase process (promise, title study, deed, registration) takes 30-90 days. The longest step is usually the title study (15-30 days).

Can foreigners access subsidies in Chile?

Yes, but they need permanent residency for DS1 and permanent residency with a minimum of 5 years for DS49. A RUT can be obtained without a visa at the SII. Most banks require permanent residency for a mortgage.

How much does it cost to maintain a property in Aysen (property tax)?

The residential property tax rate is 0.933% of the annual fiscal valuation. But in Aysen, many properties fall below the exemption threshold (CLP $56.8M valuation), meaning they pay zero property tax.

What if I’m not selected for the subsidy?

You can apply as many times as you want in future rounds. Meanwhile, the rental subsidy (DS52) gives you up to CLP $193,000/month (~USD $200) in Aysen to help cover your rent.

Can I use the DS1 subsidy to buy a used property?

Yes. DS1 applies to both new and used properties. However, the extra 150 UF bonus only applies to new construction (valid through December 2025).