Peru: House Prices, Rents, and Rental Yields
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Last Updated: Dec 05, 2005
Yields are high in Peru's urban areas at 9%
| Last Updated: Dec 5, 2005 | |||||
| LIMA - Residential Areas - Apartments |
COST ($) | YIELD (p.a.) | PRICE/SQ.M. ($) | ||
| TO BUY |
MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 120 sq. m. | 80,000 | 600 | 9.00% | 667 | 5.00 |
| 150 sq. m. | 130,000 | 1,000 | 9.23% | 867 | 6.70 |
| LIMA - Residential Areas - Houses |
|||||
| 200 sq. m. | 169,000 | 1,200 | 8.52% | 845 | 6.00 |
| 250 sq. m. | 240,000 | 1,800 | 9.00% | 960 | 7.20 |
| 300 sq. m. | 270,000 | 2,100 | 9.33% | 900 | 7.00 |
| 350 sq. m. | 300,000 | 2,500 | 10.00% | 857 | 7.10 |
| 400 sq. m. | 400,000 | 2,800 | 8.40% | 1,000 | 7.00 |
| 450 sq. m. | 420,000 | 3,200 | 9.14% | 933 | 7.10 |
| 500 sq. m. | 500,000 | 4,500 | 10.80% | 1,000 | 9.00 |
| 600 sq. m. | 700,000 | 5,000 | 8.57% | 1,167 | 8.30 |
| 750 sq. m. | 850,000 | 6,000 | 8.47% | 1,333 | 8.00 |
| 1,300 sq. m. | 1,237,600 | 6,500 | 6.30% | 952 | 5.00 |
| CASAS EN PLAYA / BALNEARIOS - Houses |
|||||
| 100 sq. m. | 80,000 | 1,600 | 24.00% | 800 | 16.00 |
| 250 sq. m. | 175,000 | 1,500 | 10.29% | 700 | 6.00 |
| 350 sq. m. | 200,000 | 3,000 | 18.00% | 571 | 8.60 |
| PROVINCES - Houses | |||||
| 100 sq. m. | 50,000 | 170 | 4.08% | 500 | 1.70 |
| 200 sq. m. | 120,000 | 300 | 3.00% | 600 | 1.50 |
| 300 sq. m. | 200,000 | 550 | 3.30% | 667 | 1.80 |
| 400 sq. m. | 260,000 | 620 | 2.86% | 650 | 1.60 |
| Source: Global Property Guide | |||||
A 150 sq. m apartment in Lima costs about US$130,000. This can be rented out for around US$1,000 a month, giving the landlord a yield of around 9.25%.
Yields for houses range from about 6.3% to 10.8%. Properties in the provinces have much lower yields at around 2.8% to 4%.
A 300 sq. m. house in Lima might cost about US$270,000, and be rentable for around US$2,100 per month, giving a yield of 10%. A similarly-sized unit in the provinces might cost about US$200,000, but cuuld be rented out at only US$550 a month; a yield of 3.3%.
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