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 considering investing in Lima's real estate market? Curious about which neighborhoods are set to boom in 2025? Want to know where your investment will yield the highest returns?
We will lay down recent insights. Here, no guesswork, we rely only on solid data.
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
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.
1) San Isidro attracts investors with high-end homes and strong rental yields in the financial district
San Isidro is a hot spot for investors eyeing luxury residential properties.
Property values here have been climbing steadily, with the average price per square meter hitting USD 2,500, which is quite a bit higher than other parts of Lima. This upward trend is expected to keep going, with prices projected to rise by 3% to 7% in 2025 compared to 2024, thanks to high demand and limited supply.
Investors are also drawn to San Isidro for its strong rental yields. While Lima's average rental yield is around 4% to 6% annually, San Isidro offers even better returns due to its prime location and high demand for rentals. The district's strong occupancy rates make it a great spot for those looking to earn rental income.
Foreign investment is on the rise in San Isidro, which is expected to further boost property prices. As Lima's financial hub, San Isidro is a prime target for international investors, thanks to its strategic location and economic prospects. Ongoing infrastructure improvements, like new transportation links, are enhancing connectivity and making the area even more appealing.
San Isidro's appeal is also bolstered by its status as Lima's financial district, attracting both local and international businesses. This influx of business activity contributes to the district's high-end residential market and supports its strong rental yields.
With its combination of rising property values, strong rental returns, and increasing foreign investment, San Isidro is a compelling choice for investors looking to tap into Lima's real estate market.
Sources: The Latin Investor, Statista, The Latin Investor
2) Magdalena del Mar is popular for its coastal location and affordable ocean-view properties attracting investors
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
Everything you need to know is included in our Pack for Lima
3) Miraflores is a top choice for locals and expatriates due to its vibrant lifestyle and rising property values
Miraflores is a lively district in Lima, famous for its vibrant lifestyle and steady property value growth.
In 2025, the average price per square meter for apartments in Miraflores is about USD 3,500, with some areas offering prices between USD 1,800 and USD 3,000. This price range reflects the district's appeal, drawing both locals and expatriates who are eager to invest in a thriving area. The consistent rise in property prices is a testament to Miraflores' popularity and demand.
Over the last five years, apartment prices in Lima have increased by roughly 5% annually, with Miraflores leading the charge. This steady appreciation makes it a hot spot for investors, both local and international, who are looking for reliable returns. The district's charm and amenities continue to attract a diverse crowd, ensuring its place as a top investment choice.
Miraflores is also a prime location for rental properties, especially on platforms like Airbnb. A typical short-term rental here is booked for about 230 nights a year, highlighting the high demand and occupancy rates. This makes it an excellent opportunity for those interested in generating rental income, as the district's popularity ensures a steady stream of visitors.
Investors are drawn to Miraflores not just for its property appreciation but also for its vibrant community and lifestyle. The district offers a mix of cultural attractions, dining options, and scenic views, making it a favorite among those seeking a dynamic living environment. This blend of lifestyle and investment potential is what sets Miraflores apart.
Whether you're looking to buy a home or invest in rental properties, Miraflores offers a unique combination of growth and lifestyle. Its consistent property appreciation and high demand for rentals make it a standout choice in Lima's real estate market.
Sources: The Latin Investor, Airbtics, Peru Sim, Premier Casa, FazWaz
4) Chorrillos demand rises with scenic beaches and property value growth as infrastructure improves
Chorrillos is becoming a hot spot for property buyers, thanks to its beautiful beaches and rising property values.
In recent years, property prices in Chorrillos have been on the rise, with the median sales price for a house hitting around S/2,250,000. This shows a growing market with a variety of options, as prices range from S/258,570 to S/5,900,701.
Currently, there are 29 houses for sale in Chorrillos, indicating a buzz of activity and interest. This could be linked to the broader infrastructure improvements happening in Lima, which are expected to boost connectivity and make the area even more appealing.
Chorrillos' stunning beaches are not just for show; they are attracting more tourists and residents, adding to the area's charm. Lima's cultural and historical appeal, along with its reputation as a culinary and tourist hub, is helping to drive up property prices in coastal spots like Chorrillos.
The shift towards hybrid workspaces and remote work is drawing more professionals to Lima, increasing the demand for housing in lively urban areas. This trend is making Chorrillos an attractive option for those looking to balance work and leisure.
Sources: The Latin Investor, FazWaz, Global Property Guide
5) San Borja is a top market for eco-friendly buyers with its green spaces and modern infrastructure
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's real estate market is booming due to its bohemian charm and high demand for ocean-view luxury apartments
Barranco is a hot spot in the real estate market, thanks to its bohemian charm and rising demand for luxury ocean-view apartments.
This vibrant district in Lima is a magnet for those who love art and culture, offering a rich tapestry of tourist attractions that draw in potential buyers. The streets are alive with colorful murals, art galleries, and music, creating a unique atmosphere that’s hard to resist.
Property prices in Barranco have been climbing steadily. By 2025, luxury apartments are expected to see significant price hikes, appealing to international buyers and fueled by new luxury housing projects. These developments often feature designs by famous architects, adding to their allure.
Foreign investors are flocking to Barranco, further driving up property values. The district’s bohemian vibe and cultural hotspots make it a favorite among many, and it’s frequently spotlighted in media as a trendy, artistic hub.
Tourists and expatriates are increasingly drawn to Barranco, boosting the demand for high-end apartments. The area’s transformation into a trendy and artistic district is a major selling point, attracting a diverse crowd eager to be part of its dynamic scene.
Sources: The Latin Investor, Le Figaro Properties, Christie’s International Real Estate
7) Ate is a real estate hotspot with growing industrial zones and affordable land prices attracting commercial investors
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 attracts families with its spacious homes and gated communities offering security and comfort
Families are flocking to La Molina for its spacious homes and gated communities.
In recent years, property sales in La Molina have surged thanks to eco-friendly projects and new schools and parks. This makes it a top choice for families wanting a comfy place to live. The district's high socioeconomic level and low population density add to its charm, offering the security and comfort families crave.
La Molina stands out because crime rates here are much lower than in other Lima districts, making it one of the safest spots for families. Many families in Lima prefer gated communities, and La Molina has plenty to offer. The district's pleasant microclimate and abundance of green spaces make it an ideal family location.
Families who recently moved to La Molina often mention security and comfort as their main reasons for choosing the area. The district boasts modern commercial centers and exclusive social clubs, adding to its appeal. Plus, the availability of green spaces and family-friendly amenities enhances its attractiveness.
La Molina's pleasant microclimate and higher availability of green spaces compared to other districts in Lima make it an ideal location for families. The district's high socioeconomic level and low population density contribute to its appeal, providing a sense of security and comfort that families desire.
Testimonials from families highlight the district's green spaces and family-friendly amenities as key attractions. The availability of modern commercial centers and exclusive social clubs further enhances La Molina's appeal. Families appreciate the district's pleasant microclimate and higher availability of green spaces compared to other districts in Lima.
Sources: TheLatinvestor, Talesmag, LaTinCarib, Wikipedia