Real Estate in Lima, Peru

Last updated on Mar 04, 2023

Summary: The most desirable neighborhoods in Lima, Peru are Miraflores, San Isidro, Barranco, and La Molina. The average cost to buy a nice 2 bedroom home in Lima is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and security systems. Foreigners are allowed to own property in Lima, but there are certain restrictions. For example, foreigners are not allowed to own land within 50 kilometers of the coast or 100 kilometers of the border. When searching for a home to buy in Lima, it is important to research the area and the local market. It is also important to work with a reputable real estate agent who can help you find the right property for your needs. Additionally, it is important to consider the cost of living in the area and the availability of amenities.

How do I find a place to live in Lima?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Lima is to use online resources such as websites and social media. Websites such as Craigslist, Expat.com, and EasyRoommate are great for finding rental listings in Lima. Additionally, social media platforms such as Facebook and Twitter can be used to search for rental listings in Lima. Additionally, there are many real estate agents in Lima who can help you find a place to live. Finally, it is also possible to find a place to live by asking around in the local community," explained one person living in Lima, Peru.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.