The average value per square meter (m2) of sale in Metropolitan Lima in 2020 was located at S / 6,009, according to the Association of Real Estate Companies of Peru (ASEI).
I agree with you announced results by ASEI, these are the prices per m2 in the following districts
In Miraflores, Barranco, San Isidro, San Borja and Santiago de Surco: These districts recorded a drop of 4.8%, so the average price is S / 7,475.
In Lince, Magdalena del Mar, Surquillo, Jesús María, Pueblo Libre and San Miguel: In these places the price per square meter grew 4.9%, rising to S / 6,219 on average.
In La Victoria, Cercado de Lima, Breña, Rímac: The average price was S / 4,921, which represented an increase of 1.7%,
In Chorrillos: Average price per square meter recorded a fall of 5.1%, reached S / 4,488.
Why did the price of m2 go up in Metropolitan Lima?
The Chairman of the Committee on ASEI Market Analysis, Ricardo Arbulú, explained that this increase is due to 4 factors.
First, the facilities provided by the banks in the qualification of a mortgage credit before a lower interest rate, in a context of the health emergency due to Covid-19. The second, the expectations of families for buy a home , but not by investment, but by a “real non-speculative demand”.
“These four factors put pressure on the price per square meter”, Arbulú indicated during the presentation of the Real Estate Market Results 2020 & Business Environment 2021, organized by ASEI.
They plan to raise rents
According to a report by Urbania, more than half (53%) of property owners households He estimates to raise the price of rents this year.
A 76% estimate that the price of rents will rise less than 15% in the course of 2021.
Meanwhile, the study indicates that 66% of those who rent will choose to sell their property to acquire a new one. While 26% will sell it because they believe that it is more convenient to sell than to rent the property.
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