Authored by the expert who managed and guided the team behind the Peru Property Pack

Yes, the analysis of Lima's property market is included in our pack
If you're curious about the real estate market in Lima and are wondering what the future holds for apartment prices in 2025, you're in the right place.
How much should you expect to pay? Are prices on the rise, or is there a chance they might stabilize? What factors are influencing these trends?
In this article, we'll explore the projected average apartment prices in Lima for 2025 and the key elements driving these changes.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Peru Property Pack
Estimated Average Apartment Prices in Lima by 2025
The following table provides an estimation of average apartment prices in Lima for the year 2025, categorized by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and economic forecasts.
Area | Price per Square Meter (USD/sqm) | Price per Square Foot (USD/sft) |
---|---|---|
Miraflores | $3,500 | $325 |
San Isidro | $3,800 | $353 |
Barranco | $3,200 | $297 |
Santiago de Surco | $2,800 | $260 |
La Molina | $2,500 | $232 |
San Borja | $2,700 | $251 |
Jesus Maria | $2,300 | $214 |
Pueblo Libre | $2,100 | $195 |
Magdalena del Mar | $2,400 | $223 |
Lince | $2,200 | $204 |
Chorrillos | $1,900 | $177 |
San Miguel | $2,000 | $186 |
Get fresh and reliable information about the market in Peru
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.

What You Need to Know Before Buying an Apartment in Lima in 2025
What is the average price per square meter for apartments in Lima in 2025?
The average price per square meter for apartments in Lima in 2025 is estimated to be around USD 1,800.
This figure can vary significantly depending on the district, with upscale areas like Miraflores and San Isidro reaching up to USD 3,000 per square meter.
In contrast, more affordable districts such as San Juan de Lurigancho may have prices as low as USD 1,200 per square meter.
How have apartment prices in Lima changed over the past five years?
Over the past five years, apartment prices in Lima have seen a steady increase of approximately 5% annually.
This growth is attributed to a combination of economic factors and increased demand for urban living spaces.
However, the rate of increase has varied, with some years experiencing more significant growth than others.
Want to explore this further?
What are the most expensive districts for buying an apartment in Lima?
The most expensive districts for buying an apartment in Lima are typically Miraflores, San Isidro, and La Molina.
These areas are known for their high-end amenities, proximity to business centers, and vibrant cultural scenes.
Prices in these districts can reach up to USD 3,500 per square meter, depending on the specific location and property features.
Are there any government incentives for first-time homebuyers in Lima?
The Peruvian government offers several incentives for first-time homebuyers, including reduced interest rates on mortgages through the MiVivienda program.
Additionally, there are tax benefits and subsidies available for qualifying buyers, aimed at making homeownership more accessible.
These incentives are part of broader efforts to stimulate the housing market and support economic growth.
Want to explore this further?
=> What are the legal requirements for buying property in Lima?
What is the rental yield for apartments in Lima?
The rental yield for apartments in Lima typically ranges from 4% to 6% annually.
This yield can vary based on the location, with higher yields often found in emerging districts with growing demand.
Investors should consider both the rental yield and potential for property appreciation when evaluating investment opportunities.
Buying real estate in Peru can be risky
An increasing number of foreign investors are showing interest in Peru. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.

Want to explore this further?
How does the cost of living in Lima compare to other major cities in South America?
The cost of living in Lima is generally lower than in cities like Santiago and Buenos Aires, making it an attractive option for expatriates and retirees.
While housing costs are a significant factor, other expenses such as food, transportation, and healthcare are also relatively affordable.
Overall, Lima offers a good balance of quality of life and cost-effectiveness compared to its regional counterparts.
Want to explore this further?
What are the financing options available for purchasing an apartment in Lima?
Financing options for purchasing an apartment in Lima include traditional bank mortgages, which typically require a down payment of 20% to 30%.
Buyers can also explore alternative financing methods such as developer financing, which may offer more flexible terms.
It's important to compare interest rates and terms from different lenders to find the best option for your financial situation.
Want to explore this further?
What are the key factors driving the real estate market in Lima?
The real estate market in Lima is driven by factors such as urbanization, economic growth, and a growing middle class.
Additionally, infrastructure improvements and increased foreign investment have contributed to the market's dynamism.
These factors create a favorable environment for both buyers and investors looking to capitalize on Lima's potential.
Want to explore this further?
How does the property tax system work in Lima?
Property taxes in Lima are calculated based on the assessed value of the property and are typically 0.2% to 1% annually.
These taxes are used to fund local services and infrastructure projects, contributing to the city's development.
It's important for property owners to stay informed about tax obligations to avoid penalties and ensure compliance.
Want to explore this further?
What are the legal requirements for foreigners buying property in Lima?
Foreigners can buy property in Lima without restrictions, but it's advisable to work with a local attorney to navigate the legal process.
Key requirements include obtaining a tax identification number and ensuring all transactions are properly documented.
Additionally, buyers should be aware of any specific regulations related to foreign ownership in certain areas.
What are the potential risks of investing in Lima's real estate market?
Potential risks include market volatility, economic fluctuations, and changes in government policies that could impact property values.
Investors should conduct thorough due diligence and consider diversifying their portfolios to mitigate these risks.
Working with experienced local real estate professionals can also help navigate the complexities of the market.
How does the quality of life in Lima affect the real estate market?
The quality of life in Lima, characterized by its cultural richness and diverse amenities, positively influences the real estate market.
Areas with better access to parks, schools, and public transportation tend to attract more buyers and command higher prices.
As Lima continues to develop, improvements in quality of life are expected to further enhance the attractiveness of its real estate market.