Lima, Peru
Property prices · 2025 · Americas · Price +4% vs 2024
Property price trend in Lima (2024–2026)
Property comparison — cities in Peru (2025)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Lima |
|---|---|---|---|---|
| Lima | PEN 6,760 | PEN 3,952 | PEN 1,872 | — |
| Arequipa | PEN 2,321 | PEN 1,530 | PEN 633 | -65.7% |
Other Americas cities (2025)
Frequently asked questions
How much does property cost in Lima in 2025?
In Lima, the average price per sqm in the city centre is PEN 6,760, and PEN 3,952 outside the centre (2025 data). Prices have risen 7% since 2024.
How much is rent in Lima in 2025?
A 1-bedroom apartment in Lima rents for approximately PEN 1,872 per month in 2025. A 3-bedroom apartment costs around PEN 3,640/month.
Is it better to buy or rent in Lima?
Buying may offer better long-term value in Lima. The price-to-rent ratio is 14.0x — it would take approximately 14.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 10.20%.
What are mortgage rates in Peru in 2025?
The average mortgage rate in Peru is approximately 10.20% as of 2025. With a price-to-rent ratio of 14.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Lima changed?
Property prices in Lima have changed +4% vs 2024. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Lima?
The average property price per square metre in Lima city centre is PEN 6,760 in 2025. Outside the centre, expect to pay around PEN 3,952/sqm.