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
Where are the best places to invest in Lima right now? Is Miraflores still the top pick, or are districts like Barranco, San Isidro, and Surco gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Lima and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) San Isidro is popular with investors for its luxury homes and strong rental yields in the financial district
San Isidro is a hot spot for investors eyeing high-end residential properties.
Property prices here are climbing, with the average price per square meter hitting USD 2,500, outpacing other Lima districts. This upward trend is set to continue, with prices expected to rise by 3% to 7% in 2025 compared to 2024, thanks to high demand and limited supply.
Rental yields in San Isidro are another big draw. While Lima's average rental yield is around 4% to 6% annually, San Isidro offers even higher returns. For example, San Isidro West boasted the highest average monthly rent for office real estate in early 2023, surpassing areas like Magdalena.
Foreign investors are also flocking to San Isidro, further driving up property prices. The district's economic outlook and strategic location make it a top pick for international buyers. Plus, ongoing infrastructure upgrades, like new transport links, are boosting the area's appeal.
These improvements are enhancing connectivity and livability, making San Isidro even more attractive to potential residents and investors. The district's blend of luxury living and strong rental returns is hard to resist.
With its high-end properties and robust rental market, San Isidro is a prime choice for those looking to invest in Lima's real estate scene.
Sources: Statista, Lincoln Institute, Statista
2) Magdalena del Mar is attracting investors with its coastal charm and affordable ocean-view properties
Magdalena del Mar is quickly becoming a hotspot for those eyeing coastal property investments.
One of the main attractions is its affordable ocean-view properties, which are a steal compared to pricier areas like Miraflores or San Isidro. In 2024, the median sales price here was about S/533,000, making it a tempting choice for buyers. This affordability is drawing in a lot of interest, especially from those who want a slice of coastal living without breaking the bank.
There's a buzz of new real estate developments in the area, like the Elespupu - Desarrolladora project, which offers stunning ocean-view condos. These projects are part of a larger urban renewal push, including the Limeños al Bicentenario programme, which is all about revamping public spaces and boosting the area's charm. This transformation is making Magdalena del Mar even more appealing to potential buyers.
The rental market here is also on fire, with many properties boasting ocean views and a median monthly rent of S/3,480. This high rental yield is catching the eye of investors looking for solid returns. Real estate agents are noticing a surge in interest, thanks to the area's mix of affordability and growing popularity.
Insiders say that the combination of affordable prices and scenic views is a big draw for both local and international investors. The area's transformation efforts are not just about aesthetics; they're also about creating a vibrant community that attracts more residents and businesses.
With its strategic location and ongoing developments, Magdalena del Mar is poised to become a prime spot for real estate investment. The buzz around the area is palpable, and it's clear that this coastal gem is on the rise.
Sources: Shift Cities, FazWaz, FazWaz
We made this infographic to show you how property prices in Peru compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Miraflores is a favorite for its vibrant lifestyle and steady property appreciation, attracting both locals and expatriates
Miraflores in Lima is a hotspot for its vibrant lifestyle and steady property appreciation, attracting both locals and expatriates.
In 2025, the average price per square meter for apartments in Miraflores is around USD 3,500, with some areas offering prices between USD 1,800 and USD 3,000. This variation depends on the specific location within the district, making it a diverse market for potential buyers.
Over the last five years, Lima's apartment prices have climbed by about 5% annually, with Miraflores leading the charge due to its high demand and popularity. This trend makes it a prime spot for property investment, especially for those eyeing rental income.
Miraflores is a top choice in Lima for quality of life, offering a blend of residential and commercial spaces. Its proximity to the beach circuit and numerous parks adds to its charm, making it a desirable place to live.
The district is bustling with amenities like parks, restaurants, and cultural attractions, enhancing its appeal. Known for its vibrant nightlife and modern facilities, Miraflores supports strong property values in the area.
Investors find Miraflores ideal for generating rental income, thanks to the high demand from expatriates and tourists. This demand ensures a steady stream of potential tenants, making it a lucrative investment opportunity.
Sources: Peru Sim, Airbtics, FazWaz
4) Chorrillos is gaining interest for its scenic beaches and rising property values with improved infrastructure
Chorrillos is becoming a hot spot for property buyers, thanks to its beautiful beaches and rising property values.
In this charming district, property prices have been climbing steadily, with the median house price now around S/2,250,000. This upward trend makes Chorrillos a promising place for investment, especially as the area continues to develop.
Currently, there are 29 houses up for sale in Chorrillos, highlighting a lively real estate market. This activity often signals increased demand, which is further fueled by Lima's ongoing infrastructure improvements, like new transport links and urban renewal projects.
Chorrillos' stunning beaches are attracting more tourists and new residents, enhancing its reputation as a prime location. Lima's cultural and historical allure, along with its culinary fame, adds to the appeal of coastal areas, supporting property price growth.
The shift towards remote and hybrid workspaces is also driving interest in coastal districts. This trend makes Chorrillos an attractive option for those looking to balance work and leisure by the sea.
As infrastructure continues to improve, Chorrillos is poised to become even more desirable, offering both scenic beauty and investment potential.
Sources: FazWaz, Global Property Guide
5) San Borja is gaining interest for its green spaces and modern infrastructure, attracting eco-conscious buyers
San Borja is becoming a hot spot for property buyers, thanks to its lush green spaces and cutting-edge infrastructure.
In this vibrant district, property values are climbing, showing a clear demand for homes. For instance, a cozy 138.18 SqM house with three bedrooms and two bathrooms is listed at S/977,925, a sign that people are eager to invest here. The area is buzzing with new eco-friendly projects like the Edificio Multifamiliar Sostenible Bronsino, which boasts green building certifications and energy-efficient features.
San Borja's commitment to sustainability is evident in its urban planning. The local government is enhancing green spaces and adding multifunctional sports facilities, making the district even more appealing. Buyers are drawn to these features, with surveys showing that 85% of them prefer neighborhoods with modern infrastructure and green spaces.
While specific details on public transportation improvements aren't highlighted, the focus on creating accessible spaces suggests ongoing enhancements. The district's efforts to promote active lifestyles are a big draw for those who value sustainability. San Borja is clearly positioning itself as a leader in eco-friendly living.
For those considering a move, the district offers a unique blend of modern living and environmental consciousness. The combination of green initiatives and modern amenities makes it a top choice for buyers who care about the planet. San Borja is not just a place to live; it's a community that aligns with the values of today's environmentally aware buyers.
With its strategic development and focus on sustainability, San Borja is setting a new standard for urban living. The district's appeal lies in its ability to offer both comfort and a commitment to the environment, making it a sought-after destination for property buyers.
Sources: FazWaz, Arizona Repository, EDGE Buildings
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6) Barranco is thriving with its bohemian charm and rising demand for luxury ocean-view apartments
Barranco is a hot spot in the real estate market, thanks to its bohemian charm and growing demand for luxury apartments with ocean views.
This vibrant district in Lima is a magnet for those who love art and culture, offering a rich history and lively atmosphere that many buyers find irresistible. The streets are lined with colorful murals, and the area is home to numerous galleries and cultural events, making it a haven for creative souls.
Property prices in Barranco have been climbing steadily. By 2025, luxury apartments here are expected to see significant price hikes, fueled by international interest and new high-end housing projects. These developments often feature designs by famous architects, offering exclusive waterfront views and modern amenities that appeal to discerning buyers.
Foreign investors are flocking to Barranco, attracted by Lima's promising economic outlook and strategic location. This influx of international interest is a key factor in the rising property prices. The district's unique charm and cultural attractions are frequently highlighted in media and social media, further boosting its appeal as a desirable place to live.
With its eclectic mix of old-world charm and modern luxury, Barranco is not just a place to live but a lifestyle choice. The district's popularity is evident in the bustling cafes, trendy boutiques, and vibrant nightlife that draw both locals and tourists alike.
Sources: Le Figaro Properties, Christie’s International Real Estate
7) Ate is attracting commercial investors with its expanding industrial zones and affordable land prices
Ate is quickly becoming a real estate hotspot thanks to its expanding industrial zones and affordable land prices.
In Lima, the real estate market is bouncing back, and Ate is one of the districts leading this charge due to its strategic location and budget-friendly options. Reports from the Peruvian Association of Real Estate Companies and the Peruvian Chamber of Construction back this trend, showing a clear shift in investor interest.
What's really drawing attention to Ate is the surge in industrial developments and business parks. For example, there's a large industrial land plot up for grabs, underscoring the area's potential for industrial expansion. Compared to other Lima districts, Ate's average square meter prices are much lower, making it a magnet for investors seeking cost-effective opportunities.
Real estate agencies are catching on, listing a variety of properties in Ate that are piquing investor interest. While specific infrastructure projects aren't detailed, it's typical for such areas to see significant infrastructure investment to support their growth. This mix of factors positions Ate as a promising spot for commercial investment.
With its growing industrial zones and competitive land prices, Ate is becoming a real estate hotspot, attracting commercial investors looking for strategic and affordable options.
Sources: Peru Telegraph, Premier Casa
8) La Molina is gaining interest for its spacious homes and gated communities, attracting families seeking security and comfort
La Molina is becoming a hotspot for families, thanks to its spacious homes and gated communities.
In recent years, property sales in La Molina have surged, largely due to eco-friendly urban projects and the construction of new schools and parks. These developments make it an attractive option for families looking for a blend of nature and modern amenities.
Families in Lima are increasingly drawn to gated communities, and La Molina fits the bill perfectly with its high socioeconomic level and low population density. It's also one of the safest districts in Lima, boasting significantly lower crime rates than other areas, which is a big plus for those prioritizing security.
Many families who have moved to La Molina rave about the security and comfort they find there. The district's appeal is further enhanced by new residential projects, including modern commercial centers and exclusive social clubs.
La Molina's spacious homes and gated communities are in high demand, catering to families seeking larger living spaces. This trend is making it a top choice for those who want both comfort and room to grow.
Sources: Talesmag, LaTinCarib, Wikipedia
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.