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Hello everybody! Here we will give you
an overview about the real state market in Lima, so that you
guys can have a better idea about how cheap or expensive is
living in Lima. We know that there will be probably too much
information, but we think that to give information is the best
way to create an atmosphere of trust.
We have been divided all this
information in 3 parts (and 3 links):
- Real
State market Peru. (on this page)
- Peru
Rent Price Policy.
-
Damage deposit
hightlight.
And for all this, we have been used 2
information sources:
1. Global
Property Guide (www.globalpropertyguide.com).
A worldwide organization that provides real state information
from all over the world, mostly from people from Europe and
Northamerica who want to buy properties outside of their
countries.
2. Urbania (www.urbania.pe).
It is the Real State Ads from the biggest newspaper of
Peru, so that we can have market information, and you guys can
also compare.
Please guys, check all this information
so that you can avoid surprises, doesn't matter if you are
living in APU or not :)
The Real State Market in Peru.
To make it easy, think about this:
- There is a housing shortage estimated
at 300,000 dwellings (Demand)
- There are 11,000 property for sale
(Offer).
- The square meter in areas like
Miraflores, Surco, San Isidro vary from US$1300 to US$1600
without considering the luxurios buildings.
- The annual appartment rental yield
(what owners expect to gain, and in fact they made, renting
their appartments per year) for ares like Miraflores, Surco, San
Isidro, La Molina and Barranco is 10.56%, and for houses is even
highest.
- In the last 5 years, there are areas
in Lima (like Miraflores or Surco) that have been revaluated
between 120% to 200%, believed or not!
What does all this mean?
It means that the Real State Market in
Peru is very dynamic and properties prices are increasing
because the big demand and small offer, the Peruvian Economic's
growth (8% per year), the rise of the population incomes, and so
on.
There isn't any overprice because you
are or not foreigner, actually will keep growing because,
according to the Global Property Guide, Peruviand Real State
Market it's still cheap comparing wit similar markets like
Colombia and Chile.
There are areas where the square meter
could cost US$150, but not the areas recommended for living in
Lima, basically because security, infrastructure standars and so
on.
To see how all this afect rentals
prices click in Peru Rent Price
Policy.
To have more information about Peruvian
Real State Market, click in
http://www.globalpropertyguide.com/Latin-America/Peru
Enjoy Peru!
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