Arequipa, Peru
Property prices · 2026 · Americas · Price +3.8% vs 2025
Property price trend in Arequipa (2024–2026)
Property comparison — cities in Peru (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Arequipa |
|---|---|---|---|---|
| Arequipa | PEN 2,409 | PEN 1,588 | PEN 657 | — |
| Lima | PEN 6,955 | PEN 4,066 | PEN 1,926 | +188.7% |
Other Americas cities (2026)
Frequently asked questions
How much does property cost in Arequipa in 2026?
In Arequipa, the average price per sqm in the city centre is PEN 2,409, and PEN 1,588 outside the centre (2026 data). Prices have risen 9.5% since 2024.
How much is rent in Arequipa in 2026?
A 1-bedroom apartment in Arequipa rents for approximately PEN 657 per month in 2026. A 3-bedroom apartment costs around PEN 1,073/month.
Is it better to buy or rent in Arequipa?
Buying and renting are roughly comparable in Arequipa. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 9.00%.
What are mortgage rates in Peru in 2026?
The average mortgage rate in Peru is approximately 9.00% as of 2026. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Arequipa changed?
Property prices in Arequipa have changed +3.8% vs 2025. Since 2024, prices have increased by 9.5%. Use the year tabs above to compare prices across years.
What is the price per sqm in Arequipa?
The average property price per square metre in Arequipa city centre is PEN 2,409 in 2026. Outside the centre, expect to pay around PEN 1,588/sqm.