Alza Insights

The real estate and construction industry has been in crisis for years. That is nothing new. What is beginning to change, however, is that the adjustment cycle appears to be ending across most segments. The figures from the first four months of 2026 confirm this: home sales in the Metropolitan Region grew by 19% in […]

Today, markets react strongly to the daily flow of news. In an environment marked by geopolitical tensions, inflationary pressures, and changing financial conditions, this dynamic translates into greater volatility for portfolios built exclusively on traditional instruments. In this context, private debt — particularly funds based on invoices and promissory notes — positions itself as an […]

The global consensus at the end of 2025 pointed to 2026 as the year in which monetary policy rate cuts would consolidate. Under a scenario of sustained growth, controlled inflation, and strong labor markets, the narrative from the Federal Reserve (FED) and other central banks suggested a gradual return to normality. However, that optimism has […]

The transition to IFRS 18 represents one of the most significant changes in financial statement presentation in decades, raising the standards of transparency and consistency in financial reporting. IFRS 18 was issued by the IASB (International Accounting Standards Board) in April 2024. It becomes effective on January 1, 2027, with early adoption permitted and retrospective […]

The metals rally has left the world astonished in recent months. With copper holding above US$6.00/lb, gold breaking historic barriers above US$5,000 per ounce, and silver experiencing explosive growth of more than 270% YoY, reaching US$120 per ounce, the global attraction toward the industry is undeniable. Over the past 12 months, metals have consolidated themselves […]

In today’s financial ecosystem, the concept of Corporate Governance has evolved into the cornerstone of institutional sustainability. What was historically managed as a compliance structure has now become the most valuable strategic asset for any organization seeking to project trust and security in a demanding and globalized market. The regulatory cycle we have recently navigated […]

Healthcare is a cross-cutting industry that impacts multiple areas of national development: infrastructure, education, legislation, scientific research, public financing, technological innovation, and, of course, the economy. Its need to adapt to demographic changes, pandemics, and technological disruptions keeps it in constant transformation. In recent years, this has become especially evident. Globally, the pandemic forced countries […]

Every three months, thousands of Chileans receive their property tax bill. For some, it is a routine procedure; for others, an uncomfortable reminder that the State charges them for living in something they already own. Why do property taxes exist? Are they truly an instrument of equity, or a form of double taxation? A Territorial […]

Chile’s Small Distributed Generation Systems (PMGD) industry, which has grown exponentially to exceed 3 GW of installed capacity, has been a resounding success. However, its evolution has been marked by intense regulatory volatility. Following the implementation of Decree 88 and the debates surrounding compensation mechanisms, many investors adopted a cautious stance. The good news is […]

The Software as a Service (SaaS) ecosystem in Latin America is undergoing a consolidation process: major international corporations are acquiring local companies to strengthen their presence in the region. And Chile has been no exception. In this process, Visma has established itself as one of the key players. The Norwegian giant began with the acquisition […]