The square meter reached S/6,686 in the first half of the year

The average value per square meter (m2) in metropolitan Lima in June reached S/6,686: it has fallen for the second consecutive month and shows a real drop of 0.8%, but remains in the range of S/6,500 and S/6,730 since June 2021, Urbania reported.

Before June of the bicentennial and even the pandemic, the m2 had an average of S/5,744.

Since then, it has climbed to the threshold that we see at the end of the first half of the year. The Peruvian Chamber of Construction (Capeco) showed that since mid-2021, building materials prices They shot up and this explained the rise in housing prices, since in this context, the dollar approached S/4.00 and the reactivation of China and the United States – from where the goods are imported – raised costs.

Prices that do not go down

Guido Valdivia, president of Capeco, said that to date the prices of steel (-1.1%), bricks (-10.3%) and tiles (-0.2%) have contracted, but these are still well above the values ​​of 4 years ago: 187.6%, 129.5% and 197.7%, respectively.

In this regard, Luciano Barredo, marketing manager of Urbania and Adondevivir, explained to La República that “the price of real estate is not going to go down”which is why it is recommended that citizens buy one now, if they have the capital, since 70% of the construction materials used in projects are imported. The recession has also hit the sector and forced prices to rise.

According to Urbania, an average apartment in Metropolitan Lima —two bedrooms and 60 m2— costs on average S/414,000 while a typical one —three bedrooms and 100 m2— costs S/645,000.

Valdivia notes that the total supply of non-social housing in metropolitan Lima is 50,503 and “will mark part of the sales for a while,” since it has more projects (34.8%) than Section 5 of Mivivienda (read, social). And, although new non-social housing projects fell 24% in the first quarter in interannual terms, the projects on offer rose 9%.

The most economical m²

Barranco, San Isidro, Miraflores, San Borja, Lince, Jesus Maria, Surco and Magdalena are the districts with values ​​above the average of the capitall, according to Urbania.

While the cheapest are Los Olivos, San Juan de Miraflores and San Martín de Porres, next to the constitutional province of Callao. Likewise, in San Isidro south the m2 can reach up to S/11,764, while in Los Olivos north, S/3,458.

A marked trend is the greater variation in price, in interannual terms, per m2 in La Victoria and Chorrillos (14.2% and 10.8%). The Victorian commune has registered a marked dynamism of projects due to its proximity to avenues such as Canada, Aviation, Nicolas Arriola and Javier Prado; and Chorrillos, for being “a more comfortable option facing the sea” —according to Leandro Molina, country manager of Gruo Quintoandar.

And how much is the rent for an apartment?

● Urbania shows that the average rental price for a two-bedroom apartment is S/1,931 per month; while a three-bedroom apartment is S/2,961. It is the highest value historically recorded. Before the pandemic, it barely exceeded S/2,500 per month (for a 100 m2 apartment).

● Barranco is the most expensive (S/3,963) along with San Isidro (S/3,564). Los Olivos and SMP are the most comfortable (S/1,268).