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
Are you curious about the future of Lima's real estate market? Whether you're an investor, a potential homeowner, or just someone interested in property trends, understanding the market data for 2025 is crucial.
What are the key statistics you should know? How is the market expected to evolve? What opportunities and challenges might arise?
In this article, we'll delve into 12 essential data points that will give you a comprehensive overview of Lima's real estate landscape in 2025.
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
12 Key Market Data Points About the Real Estate Market in Lima
Here is a detailed analysis of the real estate market in Lima, focusing on average rents, yields, price per square meter (sqm), and square foot (sqft), among other critical metrics.
- Average Rent:
The average rent for a one-bedroom apartment in central Lima is approximately USD 500 to USD 700 per month. In suburban areas, this can drop to USD 300 to USD 500. For a three-bedroom apartment, expect to pay between USD 1,000 and USD 1,500 in central areas and USD 700 to USD 1,000 in suburban areas.
- Rental Yields:
Rental yields in Lima can vary significantly based on location and property type. In prime areas, yields are typically around 4% to 6%, while in emerging neighborhoods, they can reach 6% to 8%. These yields are influenced by factors such as property demand, neighborhood development, and economic conditions.
- Price Per Square Meter:
The average price per square meter in Lima's central districts, such as Miraflores and San Isidro, ranges from USD 2,000 to USD 3,500. In less central areas, prices can be as low as USD 1,000 to USD 1,500 per square meter. These prices reflect the demand for residential properties and the amenities available in each district.
- Price Per Square Foot:
Converting the price per square meter to square feet, the cost in central Lima is approximately USD 186 to USD 325 per square foot. In suburban areas, it ranges from USD 93 to USD 140 per square foot. This conversion is crucial for international investors familiar with the square foot metric.
- Market Trends:
The Lima real estate market has shown resilience, with a steady demand for both rental and purchase properties. The market is influenced by economic factors, urban development projects, and foreign investment. Recent trends indicate a growing interest in sustainable and eco-friendly developments.
- Property Types:
Lima offers a diverse range of property types, from high-rise apartments in urban centers to single-family homes in suburban areas. The choice of property type significantly affects pricing, with luxury apartments commanding higher prices due to their location and amenities.
- Investment Opportunities:
Emerging districts such as Barranco and Surquillo present lucrative investment opportunities due to their lower entry prices and potential for appreciation. Investors are advised to consider long-term growth prospects and infrastructure developments in these areas.
- Economic Factors:
Lima's real estate market is closely tied to the country's economic performance. Factors such as GDP growth, inflation rates, and employment levels play a crucial role in shaping market dynamics. A stable economy generally supports a robust real estate market.
- Foreign Investment:
Foreign investors are increasingly attracted to Lima due to its strategic location and economic potential. The government has implemented policies to facilitate foreign investment, making it easier for international buyers to enter the market.
- Financing Options:
Various financing options are available for property buyers in Lima, including mortgages from local banks and international lenders. Interest rates and loan terms can vary, so it's essential for buyers to shop around for the best deals.
- Regulatory Environment:
The regulatory environment in Lima is generally favorable for real estate transactions, with clear property rights and a transparent legal framework. However, buyers should be aware of any zoning laws and building regulations that may affect their investment.
- Future Outlook:
The future outlook for Lima's real estate market is positive, with continued urbanization and infrastructure development expected to drive demand. Investors should keep an eye on macroeconomic indicators and government policies that could impact the market.
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 Investing in Lima's Real Estate Market (2025)
What is the average price per square meter in Lima's residential areas?
As of 2025, the average price per square meter in Lima's residential areas is approximately USD 1,500.
This figure can vary significantly depending on the district, with upscale areas like Miraflores and San Isidro reaching up to USD 2,500 per square meter.
In contrast, emerging districts may offer prices as low as USD 800 per square meter.
Want to explore this further?
How has the real estate market in Lima changed over the past five years?
Over the past five years, Lima's real estate market has experienced a steady growth rate of about 5% annually.
This growth is driven by increased demand from both local and international buyers seeking investment opportunities.
Additionally, infrastructure improvements and urban development projects have contributed to the market's expansion.
Want to explore this further?
What are the most sought-after districts for property investment in Lima?
Miraflores, San Isidro, and Barranco are currently the most sought-after districts for property investment in Lima.
These areas are popular due to their vibrant cultural scenes, proximity to business centers, and high-quality amenities.
Investors are also attracted by the potential for rental income and property appreciation in these districts.
Want to explore this further?
What is the rental yield for residential properties in Lima?
The average rental yield for residential properties in Lima is around 4% to 6% annually.
This yield can be higher in prime locations where demand for rental properties is strong.
Investors should consider factors such as property management costs and vacancy rates when calculating potential returns.
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, with rates typically ranging from 0.2% to 1%.
These taxes are paid annually and are used to fund local infrastructure and public services.
It's important for property owners to stay informed about any changes in tax regulations that may affect their investments.
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?
What are the financing options available for purchasing property in Lima?
Buyers in Lima can access a variety of financing options, including local bank mortgages and international financing solutions.
Interest rates for mortgages in Lima are currently averaging around 7%, with terms typically ranging from 15 to 30 years.
Foreign buyers may face additional requirements, such as higher down payments or proof of income, when securing financing.
Want to explore this further?
What is the impact of urban development projects on property values in Lima?
Urban development projects, such as new transportation links and commercial centers, have a positive impact on property values in Lima.
Properties located near these developments often see an increase in value due to improved accessibility and amenities.
Investors should monitor upcoming projects to identify potential opportunities for capital appreciation.
How does the legal process of buying property in Lima work?
The legal process of buying property in Lima involves several steps, including due diligence, contract signing, and registration with the public registry.
Buyers are advised to work with a reputable real estate agent and legal advisor to navigate the process smoothly.
It's crucial to verify the property's title and ensure there are no outstanding debts or legal issues before finalizing the purchase.
Want to explore this further?
=> What are the legal requirements for buying property in Lima?
What are the common types of properties available in Lima's real estate market?
Lima's real estate market offers a diverse range of properties, including apartments, single-family homes, and commercial spaces.
High-rise apartments are particularly popular in central districts, while suburban areas may offer larger homes with gardens.
Investors can also find opportunities in mixed-use developments that combine residential and commercial spaces.
What are the environmental considerations for property investment in Lima?
Environmental considerations in Lima include factors such as air quality, water availability, and seismic activity.
Properties in areas with good air quality and reliable water supply are generally more desirable and may command higher prices.
Investors should also consider the building's structural integrity and compliance with earthquake-resistant standards.
How does the demand for luxury properties in Lima compare to other segments?
The demand for luxury properties in Lima has been growing, driven by affluent local buyers and expatriates seeking high-end living spaces.
This segment often features properties with premium amenities, such as ocean views, private pools, and advanced security systems.
While the luxury market is smaller than the mid-range segment, it offers significant potential for high returns on investment.
What are the future trends expected in Lima's real estate market?
Future trends in Lima's real estate market include increased interest in sustainable and energy-efficient properties.
Developers are focusing on creating smart homes and eco-friendly buildings to meet the growing demand for green living.
Additionally, the expansion of digital infrastructure is expected to enhance the appeal of tech-enabled properties.