Improved Economic Projections for 2026: What Does This Mean for Construction in Chile?
The market has improved its expectations for the Chilean economy in 2026. According to the latest Economic Expectations Survey (EEE) by the Central Bank, GDP is expected to grow by 2.6% this year, with controlled inflation around 3%, a possible decrease in interest rates, and the dollar projected below $900 for the coming years.
But how does this really impact the construction sector?
Let's analyze it.
🏗 1. Higher Economic Growth = More Projects
Rising GDP typically translates into:
- Higher employment
- More consumer confidence
- Increase in private investment
In the construction sector, this means more people willing to build, buy properties, or invest in land. When the economy expands, projects that were "on pause" begin to activate.
💰 2. Controlled Inflation: Cost Stability
Projected inflation around 3% is good news for builders and clients.
This allows for:
- More stable budgets
- Less uncertainty in material prices
- Contracts with less risk of sharp adjustments
In construction, stability is key to proper planning and protecting margins.
🏦 3. Possible Drop in Interest Rates
The market expects the Central Bank to reduce the Monetary Policy Rate to 4.25%.
How does this influence things?
- Better conditions for mortgage loans
- More access to financing
- Reactivation of real estate projects
When rates go down, more people qualify for credit and are encouraged to build or buy.
💵 4. Dollar Below $900: Direct Impact on Materials
Many construction inputs are linked to the dollar, such as:
- Iron
- Insulation
- Structural lumber
- Imported finishes
- Electrical equipment
A stable and lower dollar reduces cost pressure and improves project predictability.
📊 5. Increase in Investment
Projections indicate that investment (Gross Fixed Capital Formation) would grow 4% in 2026 and 5% in 2027.
This is especially relevant for:
- Real estate development projects
- Private construction
- Land purchase for investment
An environment of higher investment directly boosts the industry.
🔎 Conclusion: Is It a Good Time to Build?
Current macroeconomic signals show a more stable and favorable scenario for the construction sector: ✔ Sustained growth ✔ Controlled inflation ✔ Possible rate cuts ✔ Stable dollar ✔ Higher investment
If these conditions persist, 2026 could consolidate as a good year for those evaluating building, investing, or developing real estate projects.