
Earlier this week, the mayor of the municipality of Recoleta (Chile), Daniel Jadue, announced the creation of a municipal real estate agency. The initiative, unprecedented in the South American country, consists of the construction of two 5-story buildings with a total of 38 apartments of 55 square meters, available for rent to vulnerable families in the municipality.
According to a report by 24 Horas, the newscast of Chile's state-owned television channel, one out of four families in the municipality shares a home with another household, a common phenomenon in Chile known as allegamiento (cohabitation). At the same time, Recoleta is experiencing rapid residential densification due to saturation and rising costs in neighboring municipalities such as Santiago Centro and Providencia.
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