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Chile Realtors Offer Nighttime Anti-Crisis Discounts

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SANTIAGO (Reuters) -- With home sales plunging as the global financial crisis chokes domestic demand, Chilean real estate companies are offering apartments at what they say are cost prices at night -- and even picking up buyers' air fares as an incentive.

Real estate companies seeking to sell hundreds of apartments grouped in dozens of complexes across the capital city of Santiago and the seaside resort of Vina del Mar conducted a coordinated sale at the weekend, imitating traditional late-night efforts in Latin America's retail sector.

Read the whole story at Reuters