As a result of the strengthening of the dollar, in September the sale of households in Metropolitan Lima and Callao it fell 11.6% compared to the same month last year and added 1,289 units, according to a study by the Association of Real Estate Companies of Peru (ASEI). If compared to August (1,251 units), an increase is observed.
Another reason for the fall, according to ASEI, was the increase in interest rates on mortgage loans. The report was presented within the framework of the Annual Meeting of the Real Estate Sector (Enasei) Peru.
However, what did rise was the value of real estate. In this way, the average price per square meter increased by 11.8% in the ninth month and amounted to S/6,725.
This is the highest price ever reached if the years 2021 and 2022 are taken into consideration, ASEI data revealed.
The increase is mainly due to the adjustment of construction costs, the association said.
Likewise, while in the so-called Modern Lima the highest value is found with S/8,423 per square meter, in North Lima the lowest is located with S/3,255. In this last mentioned area, as well as in Callao and South Lima, a setback was observed when compared to August.
DATA
At the end of September of this year, 784 real estate projects were registered in the Metropolitan Lima and Callao area.
Lima Moderna, Lima Top and Lima Centro lead sales with an absorption of 4.1%, 3.6% and 5.1%, respectively.
