RIO DE JANEIRO, BRAZIL – Urbania’s latest Real Estate Market Index report indicated that the annual profitability in Metropolitan Lima is at 4.39%, which means that it takes 22.8 years of rent to recover the investment, 2.6% more than a year ago.
The areas of Breña Norte, Lima Sur, and Lima Oeste are the best areas for investors seeking rent. Therefore, Urbania details the districts in Lima where the areas offering the best profitability are located.
It is followed by Lince, with a rate of 5% in 20 years; San Miguel, with 4.9% in 20.4 years; Magdalena del Mar, with 4.8% in 20.8 years; and Jesús María, with 4.7% in 21.2 years.
According to the report, the district with the best profitability is Cercado de Lima, with a rate of return of 6.2% in 16 years.
On the other hand, the districts of Santiago de Surco (3.9%), San Isidro (4%), San Borja (4%), La Molina (4.1%) and Miraflores (4.1%) have the lowest returns.
The Urbania Index report also points out that an average apartment in the city, with two bedrooms and 60m2, has an average selling price of S/ 408,598.
A typical three-bedroom, 100m2 apartment has an average price of S/. 664,642.
The prices mentioned above vary depending on the area and the characteristics of each one of them, Urbania noted.