Living in Lima means facing high expenses in various aspects of daily life. One of the main factors is the high cost of living place, especially in districts considered central and safe such as Miraflores, San Isidro and Barranco. Here, both renting and purchasing properties can be quite expensive. The limited availability of land in certain areas of Peru’s capital restricts the supply of new homes, contributing to rising prices.
Added to this is the impact of construction costs, which include both materials and labor, as well as investment in infrastructure and services necessary for the development of real estate projects. What will be the most expensive district of Lima to live in? We will tell you below with information about the BCRP.
The most expensive district of Lima to live in, according to the BCRP
Ravine It had the price of the most expensive square meter in Lima in the last 3 months of 2023, with a cost of S/2,310. It was followed by San Isidro, with S/2,307 and Miraflores, with S/2,187.
In fourth place is San Borja, a district with a cost per square meter located at S/1,958 and in fifth place is Lince with S/1,814.
What is the most expensive district to rent an apartment?
Contrary to what many might expect, Miraflores and Surco do not lead the ranking of the most expensive districts to rent an apartment in Lima. According to a recent analysis carried out by Urbania Index, it has been identified that RavineSan Isidro and Lince are the districts that register the highest prices in the rental sector.
In the specific case of Ravine, the average rent for a 100 square meter apartment amounts to S/3,893 per month. As for San Isidro and Lince, the average rental costs are S/3,487 and S/3,345 per month, respectively.
What attractions does Barranco, the most expensive district of Lima to live in, have?
Ravine It is known for its bohemian and artistic atmosphere, with a vibrant cultural scene that includes art galleries, museums and theaters. The district is also famous for its picturesque streets, filled with colonial-style houses and colorful murals. The Plaza of Ravinewith its iconic church and the Bridge of Sighs, an emblematic place.
Besides, Ravine It offers a varied gastronomic offer and a lively nightlife, with bars and clubs that attract local and foreign visitors.
The ideal extension of a home for a family of 4 people
The ideal area in square meters for a family of 4 people can vary depending on the needs and lifestyle of each person. However, it is considered that a range of 70 to 120 square meters may be adequate to provide a comfortable and functional space.
This area would allow for at least 3 bedrooms, 2 bathrooms, 1 kitchen, 1 living room and possibly an additional space for a dining room or study.
Concept map of a 120 square meter house. Photo: Pinterest
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
