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Beach Properties in Northern Peru - Frustration

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tkemery
12/17/2013 18:02 EST

I am searching for a nice beach property in Northern Peru; let's say near Máncora; Punta Sal; Zorritos; etc. It's been extremely frustrating - it's very difficult to find realtors who are interested in responding to me (two contacted; no response from neither, except to say "they'll let me know....") and the difficulty of finding listings of available properties, condos, beach houses, projects, etc. Every internet search I do comes up with practically no listings of any merit whatsoever. What's up??
When I do the same type of search in Panama or Ecuador, there are dozens of leads, and tons of projects and realtors. Huge difference in availability and interest. Anybody have any suggestions? My fiancée is Peruvian, and thus she would prefer our vacation/retirement home in Peru, as opposed to Ecuador or Panama.

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pistachio
12/17/2013 18:50 EST

saludos.....
I also have been looking for a piece of land on which to build, or a nice house or even a condo mostly in the Trujillo and surrounding areas.
A beach area here that is very popular is Huanchaco. It is really in many ways similar to Zorritos and Mancora.
Possession and CLEAR TITLE of property here in Peru always seems somewhat questionable. [A word to the wise when buying]

Below find a couple of sites that you can alter the search for areas you wish to look / just cut and paste in your browser address bar.

http://www.adondevivir.com/propiedades/casa_venta_la-libertad_trujillo_pagina-5.html

http://www.adoos.com.pe/post/31158968/compro_terreno_carretera_a_huanchaco


http://casas.mitula.pe/casas/casas-trujillo


http://casas.trovit.com.pe/index.php/cod.frame/url.http%253A%252F%252Fwww.doomos.com.pe%252Fde%252F52428_bonita-casa-de-campo-en-simbal--trujillo-3ar-inversiones-inmobiliarias-sac-cbpeiinsjl-54940.html/id_ad.1Y1y1Pp1C1Z_O/what_d.casa%20condominio%20trujillo/type.1/origin.2/section.1/section_type.1/pop.1

http://www.coldwellbankerperu.com/pe/listadoInmueble.aspx?prc=-1&prcMax=-1&bths=-1&rooms=-1&type=-1®ion=60760&name=Trujillo+%28La+Libertad%29&Op=V&pageOferta=3

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tunjio
12/29/2013 15:48 EST

So many not for sale signs in huanchaco on properties that look unkept or cheap,its as if theres lots of pressure on property here...also a lot of "in legal dispute " signs here,as a sign of how messy the property claim system is......This i huanchaco im talking about,a gated beach tourism town outside a major metro city...Its a hot spot for local and foriegn vacationers,rich and poor....any other place in northern peru is more rural and probably more messy in the property claim system of the municipality.....its a hopeful sign that i see caldwell bankers agents signs on buildings,but sure to be pricey ,yet without the right representation,it could be expensive as total loss of everything you paid for........I dont trust too much here but i stand by comeing to peru and going around to see areas worth living in and following leads on signs and asking people who live nearby,then i would make no move on anything that i could not see the public records for to show its owned by who is selling it to me......as much property dispute services i see here,i know its possible to pay someone in that business/lawyer to search out the clear titles if any title exist at all on the property.....good luck,its possible to find and sings every where here...i search rentals and hotels on line for here,and when i get here ,there is a vast stock far beyond anything i saw online;not to mention many pictures online didnt show or edited out what filth or messyness surrounds the place

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pistachio
12/29/2013 16:25 EST

I have to agree, in general properties outside of the city look like disasters.... there is no consistency in any of the neighborhood and it is not unusual to see half finished building with debris laid out all over the sidewalk and street. Some, that are "finished" have reed and grass panel roofs with no structural strengh.... This image is Typical for most little towns .... dirt roads prevail and often there is no plumbing or electric in these dwellings. There are areas withing Trujillo and other major city limits that appear the same......
I Am Not making a value judgement just reporting what is visually obvious.
My first impression for instance was Laredo,,, where all of the streets are in a state of chaos. I thought that these buildings were actively being worked on so I thought,, that it is gonna be something soon but then I was told this is the way it has been for twenty years and always....
I do not believe the municipalities put any building codes in force so anything goes.... much of what you see is 'invaded land' where people make a claim for land they do not own and then make a move for possession. It appears the the municipalities and the government support Invasion.

I was offered land just outside Huanchaco north on the beach about 2 km.... the owner who was selling did not have a deed,, he had claimed it by possession...
This is kinda like being sold the BROOKLYN BRIDGE .... so... really,,, everyone beware of what is true and what is not....
and just to add,,,, property market values have tripled in the past 10 year...and are all puffed up,,, and very extremely unrealistic...
if your buying now your buying at the TOP..... a bad move....
At present in Trujillo I believe apartment for sale inventory exceeds by far capable and creditworthy buyers...
When the US when in to the housing crisis all prices here Shot up......
I feel that the current level of building and sales is UNSUSTAINABLE and the market here will be in for a MAJOR CORRECTION maybe 18 months to two years....just might see this bubble burst....

pistachio

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pistachio
12/29/2013 16:26 EST

I have to agree, in general properties outside of the city look like disasters.... there is no consistency in any of the neighborhood and it is not unusual to see half finished building with debris laid out all over the sidewalk and street. Some, that are "finished" have reed and grass panel roofs with no structural strengh.... This image is Typical for most little towns .... dirt roads prevail and often there is no plumbing or electric in these dwellings. There are areas withing Trujillo and other major city limits that appear the same......
I Am Not making a value judgement just reporting what is visually obvious.
My first impression for instance was Laredo,,, where all of the streets are in a state of chaos. I thought that these buildings were actively being worked on so I thought,, that it is gonna be something soon but then I was told this is the way it has been for twenty years and always....
I do not believe the municipalities put any building codes in force so anything goes.... much of what you see is 'invaded land' where people make a claim for land they do not own and then make a move for possession. It appears the the municipalities and the government support Invasion.

I was offered land just outside Huanchaco north on the beach about 2 km.... the owner who was selling did not have a deed,, he had claimed it by possession...
This is kinda like being sold the BROOKLYN BRIDGE .... so... really,,, everyone beware of what is true and what is not....
and just to add,,,, property market values have tripled in the past 10 year...and are all puffed up,,, and very extremely unrealistic...
if your buying now your buying at the TOP..... a bad move....
At present in Trujillo I believe apartment for sale inventory exceeds by far capable and creditworthy buyers...
When the US when in to the housing crisis all prices here Shot up......
I feel that the current level of building and sales is UNSUSTAINABLE and the market here will be in for a MAJOR CORRECTION maybe 18 months to two years....just might see this bubble burst....

pistachio

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tkemery
12/30/2013 18:01 EST

Good tips to keep in mind, and I will certainly not buy anything until I do a lot of due-diligence and title checking and so on. But I'm still quite surprised that after having contacted several real estate people, and having them reach out to their networks, there are absolutely no developed beach properties in the very northern area of Peru - Punta Sal and Máncora areas. Absolutely nothing. At any rate, we will be going there by car from Ecuador in late April, and maybe we will see some properties that are not listed anywhere on the internet. But in the meantime, if anyone hears of anything interesting in those two particular beach towns (I am not interested in anything further south than Máncora), please let me know.
Also - interesting point that it's quite possible that Peru is in a property "bubble", and that prices could come crashing down. That was something that I had thought as well, since it just didn't make sense at all to me , when I was looking at properties in Lima and the southern beaches - they seem WAY too out of line for the general income level of the country. But I do not have any empirical data to back that up; it's just a gut feeling at this point....

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tunjio
12/30/2013 21:10 EST

Guess what,i just got to ecuador today and did it by bus from trujillo.....So it happens that i was awake and it was day light throught the northern beach coast,so i got to be wide eyed spectator TODAY from mancora to. Tumbes....saw all punta sal has t offer on the beach,i didnt like it but many seem to as it has lots of buildig going on in beach vacation home style and resorts that seem quaint but nice given that it is a clutered beach town at its center tucked narrowly between errosion cliffs inland and the beach...the highway runs through and hill side has room for half a block before digging in to erosion cliffs,and beach side of the road is room for decent lot that toyches road and toyches beach....room is tight and sale signs were unseen as construction went on in many places and that includes land fill to build up tidal flood plans and land removal to cut back and down hills,its not clear where the erosion path will be redirected in this and whos at risk from new erosin patterns...dont fret,its desert looking with no real sign of frequent rain,but there are streams from the mountains that can carry rain floods in........Its so narrow from punta sal,that its house and resort buildings carry on into PUNTA MERO...I LIKED PUNTA MERO..i saw flood plain/basin constrution going on to get the highway buffered and i saw highground in buildable form and as it went on ,there were wide areas between ocean and road and also the erosion cliffs....beyond punta mero is PUNTA -------¿,well i know its punta something .Many lots for sale with water and electric available to hook up ,few ready houses with signs for sale any where from punta sal on north..the area where lots start opening up for sale in bulk have wide flat plane like terrain cliff side and sea side,really wide open space,enough to start a town bigger than punta sal....it soon turns into international market scale shrimp paddys and the smell is not pretty,and some lots for sale are fallow paddys flanked by active smelly shrimp paddys,yes shrimp farming to put bubba gump to shame...its huge for miles...........jsorry my bad write up after 15 hrs on the bus today,tired and hard to hold my touch pad in one hand and poke withe the other.........do the coastal tour from mancora to tumbes city or just befor tumbes...thats the route to the full package of what accessable beach property is in northern peru where its warmer than huanchaco..

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tunjio
12/30/2013 21:25 EST

There are lots of foriegn nationals in peru living and from as close as argentina, to as far off as italy,i would bet its this that keeps prices beyond local economy ability...also never underestimate perus new ranking as colombias replacement in coca proliferation as white powder to the world...there is a great documentary on peru this year aired on world cable news channels..it has interviews with perus top officios in the matter of perus cocaine production status...it talks about how perus skyscraper or large building construction is well known here to be a common way money is laundered...it also talks about iquitos in the amazon and how coca explains why its packing full of people like a mega shanty town in parts and cluttered blocks in others and china like traffic downtown at times....iinterview of poor iquitos locals had claims that coca money there made earning a living easier for many more trades than just bring coca products out of the jungle and brokered on up to the world

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tunjio
12/30/2013 21:25 EST

There are lots of foriegn nationals in peru living and from as close as argentina, to as far off as italy,i would bet its this that keeps prices beyond local economy ability...also never underestimate perus new ranking as colombias replacement in coca proliferation as white powder to the world...there is a great documentary on peru this year aired on world cable news channels..it has interviews with perus top officios in the matter of perus cocaine production status...it talks about how perus skyscraper or large building construction is well known here to be a common way money is laundered...it also talks about iquitos in the amazon and how coca explains why its packing full of people like a mega shanty town in parts and cluttered blocks in others and china like traffic downtown at times....iinterview of poor iquitos locals had claims that coca money there made earning a living easier for many more trades than just bring coca products out of the jungle and brokered on up to the world

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tkemery
12/31/2013 12:22 EST

Tunjio - thanks very much for your description of your recent ride right through the zone that I am focusing on. Very interesting for sure. I could not find Punta Mero on Google Maps, but further up from Punta Sal I found Punta Pico. That might have been the place that you could not remember the name.
But once again, your trip confirms what I thought - very little for sale in already-built condos or houses, but rather a bunch of lots. I really want something that is in rentable condition right out of the gate, and preferably in an upscale community that has a swimming pool, tennis courts, even golf course would be awesome. But it doesn't sound that I'm going to find any of that right now. But I'll keep checking and hoping, and then make the trip in April to check it out for myself. Thanks again for your feedback!

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pistachio
1/1/2014 07:41 EST

Greetings and Happy New Year.. tk and tu.....

Well,,, I just wanted to add a comment and also some internet info just for you to see something in the way of a Beach Condo Development, This place is in Huanchaco and it looks nice although I think first up for a Tsunami....I mean,, this is ON THE BEACH......

but first a comment regarding the disparity between a typical wage earner here in Peru and the cost of real estate. Well,, it is impossible without the help of a major loan for a person to purchase a property. Furthermore,, the bank interest rates are very very high and I think the normal term of a mortgage here is 20 not 30 years......
And,,, for instance, properties are usally stated in Dollars. If a typical nice 100 to 120 m2 apartment is just say $100,000 to $140,000 know that at current exchange rated that is s/.275,000 to 385,000 soles. Even after a healthy deposit of 20% which is a huge amount of money for a first time buyer the payment is still Astroooooooonomical ! not to mention it will go on for 20, countem TWENTY YEARS.
Well,, employment is not so stable here for folks so you can summize the outcome.

Everyone justifies the high prices by saying Market Value - Market Value despite their much much less costs to build.
And,, most of these properties are in the air and created on some floor in a building so,, the owner or say buyer owns a share in a building,, and for me,, this is not Real Estate,,,despite the definition that it is....
So,, who will make out in this Puffed Up Cycle... well, Not the Buyers.. they I think are doomed... and not the banks,,, they have paid out the money to who... and that is it.. the Who is the developers who are Raking In HUGE Profits and raping hopeful owners of wanting a place to live......

It is all SuperReal and One Hundred Thousand $dollars do not mean much in the market today.......

Just for LAUGHS.... I saw on my visit to Lima for Christmas in Surco a sign on a little piece of property.....in front of a park. OK,, 180m2... so just to see,, I called....... ok,, guess... just land only dirt / no building house or dog.....ha...... dog!
ok,,,, $480,000.00 ...... about half a million,,, and not even a brick in place..... Arrgh!

alright,,, enough of this on Jan 1st.... and time no to turn the page...

ok,, I know you want North and also you want developed.... so,,, the only developed beach property north of Trujillo is the one that you will find in the Links below.... just sayin,,, take a look because it looks very livable....

http://www.anunciosclasificados.pe/anuncio/condominio-de-playa-huanchaco_LA-LIBERTAD-1
=============
http://www.clasificadosavisos.com/condominio-las-terrazas-de-huanchaco-145766
==============
http://trujillo.saintclassifiedperu.com/playa-condominio-terrazas-de-huanchaco-inmobiliaria-no-hay-14-km-al-de-la-primera-ad-15961
==================
http://www.vende.pe/trujillo/casas/Condominio_de_playa_terrazas_de_huanchaco_143543.htm
================
http://www.lasterrazas-huanchaco.pe/condominio.html
=============
and now a YOUTUBE Virtual Tour:
=========
http://www.youtube.com/watch?v=6xRHshhb7uw

==============

Good Fortune to all.....

pistachio,,,,,

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tunjio
1/1/2014 16:04 EST

I know i did the highway bus tour which revealed most of where there wasnt much space to view inward from the ocean...I did a google earth tour along the highway(much quicker trip) from my bed...i have a high definition retina screen and well worth it for seeing resorts not easily seen from the highway,i did see some big resorts hidden behind walls and trees and even the huge buildings hide whats behind or aside.....some places are condo like resorts sprawled over a gated campus but i saw no advertiseing to say they werent just seasonal resorts,,,then theres an off the highway route to a different beach access where the highway veers inland,its very developed with beach condo looking buildings and swimming pools and more....google earth along the northern highway.....ive got to go spend time in manta ecuador on the beach,much developed their and salinas ecuador and other places...

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tunjio
1/1/2014 16:04 EST

I know i did the highway bus tour which revealed most of where there wasnt much space to view inward from the ocean...I did a google earth tour along the highway(much quicker trip) from my bed...i have a high definition retina screen and well worth it for seeing resorts not easily seen from the highway,i did see some big resorts hidden behind walls and trees and even the huge buildings hide whats behind or aside.....some places are condo like resorts sprawled over a gated campus but i saw no advertiseing to say they werent just seasonal resorts,,,then theres an off the highway route to a different beach access where the highway veers inland,its very developed with beach condo looking buildings and swimming pools and more....google earth along the northern highway.....ive got to go spend time in manta ecuador on the beach,much developed their and salinas ecuador and other places...

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tkemery
1/3/2014 16:47 EST

Hi Pist!
Yes, agreed that the Huanchaco project sort of fits the mold what I am looking for, but the units are too small at 120m2 and the price for them a little steep (for me). But that is the style that I have seen in Asia south of Lima. And of course they are even more expensive there. But once again, I want to be on the very northern tip of Peru, so I'll keep focusing on that zone, and hopefully something will pop up. I'm going to take the sound advice of looking on Google Earth - that does seem to be better than the regular Google maps, and then maybe I can look further into some of the un-named projects to see what they really are like.
Thanks guys!

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zotaglopawa
1/15/2014 00:27 EST

Very nice thought of settling in Peru after retirement. There are many properties with clean title are available in Peru.
[url=http://www.kevinbradleyrealtor.com/]View options[/url]

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pistachio
1/15/2014 04:56 EST

zota............ going to the site you posted brings me to Remax and Listings for KENTUCKY not Peru.....
I can find no international listings and nothing in Peru......
?? please explain??

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tkemery
1/15/2014 17:35 EST

That's exactly what happened to me - a website for a realtor in Kentucky!
Please give us a valid website for northern Peru property, and I for one will be happy to look at it closely.

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pistachio
1/16/2014 04:57 EST

ok,,,, here is one to try .................

http://www.peruvianrealestate.net/BeachPropertiesForSale.html

pistachio

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tkemery
1/16/2014 09:47 EST

Yes, I checked it out several months ago, and it didn't have much, but at least it spoke about the northern beaches. So, I wrote an email (in Spanish) to Guillermo Rojas, the main contact there, and basically he said that he didn't have anything, but that he would keep me in mind if something should come up. And of course, never heard from him again....
Today they have a grand total of 3 properties listed, of which 2 are raw land (not interested), and the 3rd is kinda nice, but not right on the beach, and more designed to be a little bungalow or B&B, with very rustic furnishings. Also something that doesn't interest me.
But thanks again for the leads! Something will pan out. We should be there in person at the end of April, and in Lima by May 1st.

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pistachio
1/16/2014 11:18 EST

ok,,,,,,,,,, trying again:

http://www.vivamancora.com/english/properties.htm#avisos

pistachio

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tkemery
1/16/2014 16:58 EST

That site was nice! A few good leads/projects there. I sent a few emails. The only house that looked really good was the one in Los Organos, but the ad was placed in March 2012. So, I sent an email to them too, to see if the listing is still active...

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pistachio
1/16/2014 17:03 EST

tk,,,, here is a link to a stream about Mancora that is dated but may be helpful.......

http://www.expatperu.com/expatforums/viewtopic.php?p=27138

ps............. also a very very good site / maybe you will browse around......

pistachio

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tkemery
2/15/2014 11:18 EST

I just wanted to let everyone know that i DID find what I think will be an excellent development in Northern Peru. It's called "Las Palmeras de Bocapan". And it's located at the Panamericana Norte 1232, next to the Casa Andina Select Tumbes hotel. The project is specifically locates at Bocapan beach, which is about 6-7 km south of Zorritos, and about a 45 minute drive south from the Tumbes airport. I think there will be about 34 houses, condos, and flats in all. They have a website by the same name. So, it looks perfect for me; almost exactly what I was looking for. Thanks for the comments and feedback!

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pistachio
2/16/2014 06:42 EST

TK,,,,,,,,,,, congratulations........
how did come across this place,,, the site and the video look excellent.... it feels more like a resort than a domicile.....
would you mind giving a price range for the units....

pistachio........

someday you will Tsurf the Tsunami all the way to the jungle....... LoL !

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tkemery
2/17/2014 09:37 EST

Thanks very much Pistach! Yes, I'm really happy with the purchase, but just keeping my fingers crossed that it all gets built to the specs. I found out about it through my fiancée's sister, who is the godmother of a couple's daughter, and he is a Peruvian developer, and his brother is the architect, and together they have won some design awards in Peru, and have had several successful projects in the Lima area, and south of Lima. This is their first project in the north if I am not mistaken. Prices range from $100K for an 86 meter flat to $300K for a 265 meter house on the water. The flat has 2 bedrooms, and the houses have 4 bedrooms, as do the duplexes (which to me sound more like townhomes). I hope I don't ever have to surf a tsunami to the jungle! Hahahaha

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pistachio
2/17/2014 11:24 EST

thanks for the come back....... wao!.........
like I have been saying,,, prices are up there.......
I am looking at a condo... nice but over $100k - we both kinda missed the boat ..........
When the US had the housing crisis prices all over South America went straight Up ^.....
still,,, the beach place looks Great!..... and the condo here is really nice.....so,, we're both smiling.....
pistachio

and well,, on the shore,,, it's the Tsunamis...
In the Andes....it's the cliffs....
! what ! ! choices ! ..arrgh!
need I mention the Jungle - malaria ! [ and in the states - Obami ]..... OMG!

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cmcdo001
12/19/2014 06:43 EST

Hello,

My name is Carl McDonald aand the problem of finding property in Northern Peru is because no one owns the property. Most what the locals do is put up a fence and call it their own. Few people such as my self own our property after years working it though the legal system they have for the area. The government here is uneducated and just simple do not know how the setup property sale.

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pistachio
12/19/2014 22:24 EST

Carl,,,,,,,,,,,,

This is true. Most properties and even some of the little town are completely made over time by the process here called INVASION......

The property is simply fenced or walled / a sign is posted and then the occupier or squatter applies for a deed by possession.........

Sometimes groups of people do this together and call themselves an " association '

Sometimes these properties are offered for sale but this is where it get totally nuts because there could be a previous owner who legitimately owns it and this results in Endless Disputes...in the courts and is not resolved for years.......

A legal owner could even lose his property......

So,,, no matter what,, you have to be careful with buying any real estate here..........

The System is counterproductive and if you have been here for a while you will observe and worse directly experience the backwards and primitive ways things are done here... no doubt it is sometimes a struggle....

but !... it is a trade off for the good things you find here. For me,, the 'good' far outweighs the bad......

pistachio

If I would suggest a beachtown here,,,, it would be Huanchaco........

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lawyerss
1/15/2015 16:02 EST

You may write to lawyer@terra.com.pe

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