|Last Updated: Sep. 23, 2011|
|LIMA - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||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 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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