|Last Updated: Sep. 12, 2013|
|LIMA - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||127,425||972||9.15%||1,699||12.96|
|120 sq. m.||217,200||1,183||6.54%||1,810||9.86|
|175 sq. m.||348,075||1,825||6.29%||1,989||10.43|
|300 sq. m.||606,300||3,315||6.56%||2,021||11.05|
| 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 yearís 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, Peruís Sol remains relatively attractive, having appreciated less than some currencies, such as Brazilian Real.
#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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