The COVID-19 pandemic brought many economic losses and crises to various industries, but this was not reflected in the real estate sector. Want to know the reasons? Below, Edifica explains each of them, Invest in real estate along with the current situation of the Peruvian market, so you can be completely sure that buying an apartment during this season is an excellent option.
What is the reason for this phenomenon? Invest in real estate
Global Property Guide founder Matthew Montagu-Pollock told the BBC that the housing boom is due to mortgage interest rates having reached historically low levels, australia phone number library making real estate more attractive to investors than other sectors of the market.
However, the situation varies by country. For example, in the United States, the cost of housing increased by 5% and property sales rose by 24.7%, according to the National Association of Realtors .
On the other hand, property prices fell in countries such as Egypt, Pakistan, Puerto Rico, Malta, and Peru.
Real estate sector in Peru Invest in real estate
The end of the quarantine and the reactivation of economic activity marked a recovery for the Peruvian real estate sector, divide long content into descriptive subtitles which had experienced declines in recent months.
Below, we present the reasons why it’s worth investing in real estate during this time. We also present some of the best apartment projects in Lima .
1. Low interest rate Invest in real estate
In January 2020, the mortgage interest rate was 7.86%, and in October it dropped to 6.46%, providing an incentive for those seeking mortgage loans. Furthermore, term deposit rates have decreased in recent months (from 2.96% to 0.51%), making it less profitable to keep money in the bank, usa b2b list making it better to invest.
2. Lower investment risk
Currently, compared to other industries, the real estate sector has lower investment risk. This is because this market is fairly stable, as there will always be people looking to own property, and real estate increases in value over time, making it a profitable investment.
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3. Price per square meter
Over the past year, the price per square meter has remained stable in metropolitan Lima, with a 3% variation; in modern Lima, it has increased by 5%; and, conversely, in top-tier Lima districts such as Miraflores, San Isidro, San Borja, and La Molina, it has decreased by 8%.
4. Emerging districts
Regarding sales, Modern Lima has a 46% increase due to its central location, Top Lima has a 24% increase, and Downtown Lima has a 13% increase. Likewise, the Association of Real Estate Companies of Peru (ASEI) mentioned that the share of supply in Miraflores has grown from 22% to 28% in the last year.
5. Real estate trends
In recent years, Peruvians have come to understand the need to own their own apartment, located in a building with plenty of common areas, such as a terrace, pool, parking, coworking space , gym, and more.
Along these lines, Edifica recently launched Bohem, a new project in Miraflores, ideal for those looking to live near the sea. Regarding this, Edifica Real Estate ‘s Assistant Commercial Manager , Edgar Rios, mentioned that they have opted to offer flexible payment methods, with minimum down payments, in addition to extraordinary discounts due to the COVID-19 pandemic. Additionally, they are strengthening their digital strategy so that clients can view all the projects on offer from the comfort of their homes.
Apartments in Lima
Grimaldo – Apartments in Miraflores
We all want a home close to the city’s main institutions and services. Grimaldo offers just what you’re looking for.
The project is located at 247 Grimaldo del Solar Street , very close to Benavides Avenue and Paseo de la República. It also offers apartments from 59 m2 with one, two, and even three bedrooms.
High – Apartments in San Isidro
Living in the city’s financial district is quite attractive, especially with the Alta project. Located at 207 Dean Valdivia Street and the corner of Rivera Navarrete Street, it is just steps from Javier Prado Avenue and surrounded by green spaces.
The building has apartments from 45 m2 to 60 m2 with 1 and 2 bedrooms.
The Park – Apartments in Lince
If location is the most important factor for you in an apartment, this project offers just what you’re looking for.
Located at 2821 Rivera Navarrete Avenue , Lince , The Park offers an exclusive yet urban lifestyle. Here you’ll find apartments ranging from 45 m2 to 75 m2 with one, two, and even three bedrooms, as well as fully equipped common areas.
Bohemian
Edifica presents Bohem, a unique and environmentally responsible project. An apartment building in Miraflores , a short distance from the district’s most important commercial, gastronomic, cultural, and entertainment venues.
And you know the best part? At Edifica Inmobiliaria, we are committed to developing environmentally friendly projects. That’s why our Bohem project will be LEED (Leadership in Energy & Environmental Design) certified. This certification supports Bohem’s eco-efficient design, which is based on achieving up to 30% reduction in energy consumption and up to 40% reduction in water consumption.
In addition, at Bohem you can enjoy various common areas that will fill your life with comfort and joy, including: a lobby, pool and deck, a bar, a BBQ area, a gym, and a bike zone. Therefore, if you’re looking to reduce your carbon footprint and live more consciously, you can choose to purchase an apartment in one of the two projects we’ve presented.
Remember that Edifica Real Estate has 15 years of experience developing projects in the most established districts of Lima and other cities.
You’ll find the best apartments under construction or ready to move in.