Lima, Peru
Should I buy or rent a home in Lima?
If you have not spent a lot of time in Lima, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Lima can be a great investment, as the city is growing rapidly and property values are increasing. However, it is important to consider the cost of living in Lima, as well as the cost of purchasing a home. Renting a home in Lima can be a more affordable option, as it allows you to live in the city without the long-term commitment of buying a home. Additionally, renting can provide more flexibility if you are unsure of how long you will be living in Lima. Ultimately, the decision to buy or rent a home in Lima should be based on your individual needs and financial situation," remarked another expat who made the move to Lima, Peru.
"I rented a house (Miraflores) for the first year from a gringo who actually took a USA check for the years rent. I also bought his car and sold it 6 years later for the same price. I bought a Penthouse apartment overlooking the Pacific (for a song)on my tourist visa with only $500.00 deposit and a photocopy of my passport," explained one expat living in Lima, Peru.
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Other Questions:
- What do I need to know before retiring in Lima?
- What do I need to know before moving to Lima?
- How do I find a place to live in Lima?
- What is a typical expat home or apartment like in Lima?
- What is the average cost of housing in Lima?
- How do I meet people in Lima?
- What should I pack when moving to Lima?
- Where should I setup a bank account in Lima?
- Will I be able to find a job in Lima?
- What is life like in Lima?
- What do people like (and dislike) about Lima?
- What type of social life can someone expect in Lima?
- What is the social scene like in Lima?
- What advice to expats in Lima have about housing?
- What are medical services in Lima like?
- Are healthcare and health insurance expensive in Lima?
- Is the cost of living in Lima high?
- What are the visa & residency requirements in Lima?
- Why do people move to Lima?
Should I buy or rent a home in Lima?
If you live in Lima, newcomers to Lima would love to hear your answer to this question.
