Lime It is a nerve, economic and educational center for Peru. Many people from different parts of the country move to the capital in search of work and academic opportunities, increasing the demand for rental housing. Although there are real estate developments underway, the supply of properties has not grown at the same pace as demand. This generates high competition among those interested in renting, allowing owners to increase prices.
The land in central and well-located areas of Lime They have a high value, which translates into higher construction costs and, consequently, higher rents to recover the investment. The cost of rent by district can vary greatly due to the reasons mentioned. Where are the most expensive prices in the capital of Peru?
What is the district of Lima with the highest rent?
Ravine It is the most expensive district in terms of rent This is, but now it costs 3.5% less than a year ago, according to Urbania. In any case, the rent is S/3,935. It is followed by San Isidro, where rent is on average S/3.53, and in Miraflores S/3,369. Lince with S/3,274 and Jesús María with S/3,208 close the top.
In which districts has rent become more expensive?
In 4 districts of Lima the monthly cost of renting a home has experienced a notable increase. These districts are Jesús María, La Victoria, Cercado de Lima and Ate.
Jesús María continues to be the district with the rentals highest among these 4. In the last year the cost of rent has risen 9.2%. 12 months ago, renting a 100 square meter apartment cost an average of S/2,938, but now this value has increased to S/3,208 per month.
In Victoria, the cost has increased by 13.6%, standing at S/3,139 per month. In Cercado de Lima, although the increase has been smaller, it is still the fourth district with the highest increase in the rent, with an increase of 8.7%, now reaching S/2,827. However, the monthly price saw a 3.5% decline recently.
Ate has recorded the largest annual increase in the price of rent, with an increase of 13.8%. Despite being one of the districts with the cheapest rents, only surpassing Los Olivos and San Martín de Porres, the price also rose 2% in April. Currently, renting in Ate costs an average of S/1,938 per month, compared to S/1,703 a year ago.
These are the districts of Lima with the cheapest rent
San Martín de Porres is the district of Lima where it is cheapest rent a home. Below, the rest of the top 5:
- San Martín de Porres: S/1,310
- Los Olivos: S/1,458
- Tie: S/1,938
- Chorrillos: S/2,250
- La Molina: S/2,317
These are the costs of renting homes in Lima. Photo: Urbania
Source: Larepublica
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