Arequipa, Peru
Property prices · 2024 · Americas
Property price trend in Arequipa (2024–2026)
Property comparison — cities in Peru (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Arequipa |
|---|---|---|---|---|
| Arequipa | PEN 2,200 | PEN 1,450 | PEN 600 | — |
| Lima | PEN 6,500 | PEN 3,800 | PEN 1,800 | +195.5% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Arequipa in 2024?
In Arequipa, the average price per sqm in the city centre is PEN 2,200, and PEN 1,450 outside the centre (2024 data). Prices have risen 9.5% since 2024.
How much is rent in Arequipa in 2024?
A 1-bedroom apartment in Arequipa rents for approximately PEN 600 per month in 2024. A 3-bedroom apartment costs around PEN 980/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 2024?
The average mortgage rate in Peru is approximately 9.00% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Arequipa?
The average property price per square metre in Arequipa city centre is PEN 2,200 in 2024. Outside the centre, expect to pay around PEN 1,450/sqm.