Property for Sale in Peru
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How is the housing market in Lima Peru?
Lima, Peru’s capital and largest city, is home to nearly 9.8 million residents in 43 urban districts covering about 1,000 square miles. Quiet and leafy, La Molina is favoured by “wealthy families, expats and embassy workers,” Mr. Bertetti said. “There are only houses here, no tall buildings.” Private schools including the exclusive Colegio Franklin Delano Roosevelt/The American School of Lima are a draw, as is the upscale Country Club La Planicie, a half-mile west of the house. San Isidro, Lima’s central business district, is about 10 miles west, as is Jorge Chavez International Airport and Peru’s Pacific coastline.
Can a foreigner buy property in Peru?
Foreign residents and nonresidents alike may buy Peruvian property. Investment in Peruvian property does not require government approval, except if such property is close to Peru´s frontiers.
Even with a humble Tourist Visa, you can stay up to 183 days per year. This is as long as many part-time expats stay anywhere while still maintaining their resident rights in their home country. If you only want to live in Peru for six months of the year then look no further; a Tourist Visa will suit you just fine.
How much money do you need to live in Peru?
Peru is one of the least expensive countries to live in South America. You can cover your basic expenses for $2,000 per month or less in most areas other than in Lima. Living in the capital costs you a bit more for the same quality of life as you would experience in outlying areas. If you own your own property, $1,500 per month would be more than enough to live on.
Although many services and amenities are similar in price throughout the country, real estate costs vary substantially from one city to the next. It will be more expensive to rent or purchase a Seaview condo in an upscale part of Lima than an apartment in Arequipa. But with a little networking and groundwork, you can find accommodation that will satisfy your budget almost anywhere in Peru.