The real estate sector remains attractive despite the political crisis

Despite the political crisis generated in recent days by the presidential vacancy and the confrontation between the executive and legislative branches, the expectations of the real estate sector are still high.

According to the Urbania portal, sales dynamics occur not only in the districts of Lima Top, but it is also covering other places such as Lima Moderna, these being an excellent option to invest and an important boost for the real estate sector. It is worth mentioning that the price of m2 in Lima, in March, was S/6,699, 0.3% more than the previous month and 7.6% higher, compared to the same period in 2020.

It is at this juncture that some companies continued to bet on Peru, such as Aurora Real Estate Group, which, with 18 years in the market, generated an estimated total investment of US $198'147,549.32 in Peru, which involves an investment of more than 67 million dollars in seven projects that are in execution in Miraflores.

The year 2021 was much more auspicious and several challenges were taken to increase sales, despite the political instability that was looming due to the electoral process. Last year, there was speculation of better performance, with a good close and an estimated 7% increase, according to ASEI, which makes the offer attractive for 2022.

“We are always linked to Lima Moderna and Miraflores, because, although it is true that Miraflores appears in the Lima Top category, our products are for the Lima Moderna sector. It is an audience that responds. We invest in areas close to Jesús María or Magdalena, where we have more than 50% of the projects,” said Aurora Real Estate Group CEO, Xavier Barrón.

CHEAPEST AND MOST EXPENSIVE DISTRICTS IN LIMA

According to the latest real estate market index of the Urbania portal, the average price of m2 in Lima stands at S/. 6,699 and is up 0.3% compared to the previous month, and 7.6% compared to 2020. The southern area of San Isidro is still the most expensive in the city with S/. 11,452 per m2 on average and the western area of Los Olivos as the most economical area with S/. 3,196.

“Despite the heavy political and economic situation, the real estate sector has remained solid during this time, not only because of the development of real estate in areas as dynamic as Lima Top and Lima Moderna, but also because of the new lot or country house options, which for some years have already become an excellent option for investment and are now an important impetus for the sector,” says Luciano Barredo, Marketing Manager of Grupo Navent, owner of Urbania and Adondevivir.

In this regard, Urbania points out the five districts with the lowest and highest average price per m2 in Lima:

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