The cost of living continues to increase in Metropolitan Lima. According to the latest Urbania Index report, the average rental price of a 100 m2 department with three rooms amounted to S/3.125 per month. That is, there was an advance of 1.7% in January of this year, this being its largest monthly increase since March 2020.
This result is well above the minimum vital remuneration that is currently set at S/1,130. In that line, it is observed that the most expensive rent in the city is located in the area of San Isidro Financiero With S/4,684, while the North Olivos was the most economical with S/1.586.
Rent in Lima: What are the most expensive districts?
According to Urbania’s report, the rental price of real estate in Lima has risen 7.2% in the last 12 months and 5.2 percentage points above inflation. Those districts that exceed the capital average are Ravine (S/4.160), San Isidro (S/3,762), Lince (S/3,569) and Miraflores (S/3,565),
In the case of the localities that suffered greater variations at the annual level, they are found Cercado de LimaLos Olivos, Miraflores, Surquillo and San Isidro with 16.1%, 9.1%, 9%, 8.2%and 7.9%, respectively. Meanwhile, the districts that showed a setback were San Martín de Porres (-1.1%) and La Molina (-0.3%).
Cheaper lime districts to rent
San Martín de Porres, Los Olivos and La Molina They were the districts that offered the cheapest rentals, with average prices equivalent to S/1,310, S/1,608 and S/2.313, respectively. And, in zones, the cheapest values are found in the North, Central and South Olivos.
In the case of the relationship between the annual rental and the price, it has increased slightly and is now located by 5.15%, according to the Urbania report. In summary, 19.4 years of lease are required to repair the investment to buy property, that is, 4.5% less than a year ago.
You can see: The cheapest districts to rent an apartment in Lima: they can cost S/1,315 per month
What are the districts with the greatest profitability?
- Lima Cercado: 6.4%
- Surquillo: 6.3%
- Lince: 5.8%
- Chorrillos and Los Olivos: 5.5%
- San Miguel and Jesús María: 5.4%
- Free and Magdalena People: 5.3%
M2 price in Lima rises to S/6,761
During January of this year, the average square meter value in Lima reached S/6,761, according to Urbania’s report, which means a monthly increase of 0.2% and 1.6% in the last twelve months. Acquire an apartment in the capital of 60 m2 with two rooms and a parking lot can cost S/419,000, while one of 100 m2 with three bedrooms would reach S/652,000.
In detail, the district with the most expensive M2 is in Ravine with S/9.444, followed by San Isidro (S/9.222), Miraflores (S/8.713) and San Borja 8S/7-376). Meanwhile, those who hold lower prices on the market are San Martín de Porres (S/3,080), Callao (S/3,454) and Los Olivos (S/3,673)
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.
