The real estate sector in Metropolitan Lima has shown significant variations in purchase prices and Housing rental Throughout the 2024. These changes have led buyers and tenants to reassess their options, since while some districts have experienced increases in the value of the square meter, others have maintained more accessible costs.
Factors such as Availability of landinvestment in infrastructure and demand growth have been decisive in these fluctuations, allowing some areas to offer economic options without leaving the capital.
Department in Lima 2025: What is the cheapest district to buy?
According to a report by Urbania, the districts with the lowest cost per square meter in Lima include:
- San Martín de Porres
- Callao
- San Juan de Miraflores
- The olive trees
- San Juan de Lurigancho
These areas have maintained competitive values due to lower demand compared to central areas, in addition to the supply of accessible real estate projects.
Likewise, the availability of land and infrastructure development have favored the stability of these prices, consolidating them as viable alternatives for those who seek to acquire a property.
Cost of the square meter in Lima: What districts are the cheapest?
The study also indicates that, although certain districts have lower prices, some have registered increases in their values in recent months. Victory, for example, had a 6.5% increase in December 2024, while San Juan de Miraflores experienced a 6.1%rise. This behavior responds to greater demand and the development of new residential projects in these sectors.
In contrast, Ravine It continues to be one of the districts with the highest costs, reaching an average of S/9,416 per square meter. It is followed by San Isidro with S/9,197 and Miraflores with an average value of S/8.716, consolidating as the most exclusive areas of the city.
Real estate trends in Lima: prices evolution in 2024
The year 2024 closed with an increase of 4.6% in the price of the square meter in Lima, a figure higher than the growth recorded in 2023, but still below inflation, which was 1.8%. This market behavior reflects a trend of sustained growth, driven by the demand for housing in different areas of the city.
On the other hand, rental prices also showed a significant increase. Urbania He reported that the rent of a 100 m² department in Lima rose 1.3% in December, reaching an average of S/3,073 per month. Among the districts with greater increases are Chorrillos, with a 15.8%rise, and Lince, with an increase of 12.5%.
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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.
