Why are Chileans Afraid of Homeownership Debt?

Santiago, Chile – A recent interview on La FM Metro's popular real estate program, "Metro Cuadrado," sheds light on a prevalent issue in Chile: the reluctance of many citizens to take on debt for homeownership. Sandra Flores, head of sales at Urmeneta Gestión Inmobiliaria, representing Santolaya, shared insights into this trend. Flores stated, "Many people are more afraid of debt for a home than for other purchases, and that shouldn't be the case." She stressed the importance of financial education and responsible debt management, arguing that homeownership debt is often a sound investment in one's future. The interview underscores the need for greater financial literacy among Chileans to encourage homeownership and improve overall financial well-being. The program, sponsored by several real estate and financial institutions, aims to provide valuable information to listeners and viewers.