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Sep 23, 2011

Peru: yields still excellent

			Last Updated: Sep. 23, 2011
LIMA - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
LIMA - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
75 sq. m.	60,075	444	8.86%	801	5.92
120 sq. m.	116,040	790	8.17%	967	6.58
200 sq. m.	223,600	1,342	7.20%	1,118	6.71
425 sq. m.	554,625	3,090	6.68%	1,305	7.27
Districts researched Barranco, Chorrillos, La Molina,Miraflores, San Isidro and Santagio de Surco Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Property prices in Peru have been more or less stable over the past year, while the Sol has been rising. Smaller apartment sizes typically cost around US$1,000 per square metre. Larger apartments range from around US$1,300 to US$1,600 per square metre.

Rental yields in Lima are still excellent, with yields on smaller apartments of over 10%, and yields of 7.3% on very large apartments (250 square metres).

There was been a slight decline in yields since last year’s stellar figures of 13%, apparently due to a slight decline in rentals. Nevertheless we believe that these are excellent yields and see no reason to doubt that property prices in Peru are well-anchored.

In currency terms, Peru’s Sol remains relatively attractive, having appreciated less than some currencies, such as Brazilian Real.

Peru - more data and information

Comments

#1 SUSANA | May 28, 2010

Hi, the rental yield calculation in the article is wrong, it is using the monthly rental for a 120sqm apartment and not the 180sqm one.

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