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Sep 12, 2013

Peru: yields still excellent


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.






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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