The migration It is a social phenomenon that is experienced in all countries, many embark on new paths in search of their personal and economic growth. After the pandemic and the national economic and political crises, more and more Peruvians choose to leave the country, but leave their families in order to provide them with a better future.
In this sense, when these travelers have found stability abroad, they choose to fulfill the dream of their own home in their city of origin or provide a home for the families they left behind. For this reason, if you are looking for an apartment, César Mosqueira, Finance Manager of Alerces, an ecological real estate agency, recommends that you follow the following tips so that you can make a safe investment:
Analyze in which currency to borrow
The offer of departments establishes prices in soles and dollars. Most of the apartments offered by real estate project development companies list their prices in soles, while many apartments offered by individuals list their prices in dollars. In either of the two cases, the buyer can coordinate the form of payment with the owner and/or the bank, and choose a mortgage loan in either of the two currencies.
In this sense, it is important to know that the mortgage loan rate in dollars is, on average, 2.3% below the loan rate in soles. Therefore, a mortgage loan in said currency can be beneficial for a person whose income is in this currency. In any case, the investor must consider the currency in which he receives his income and evaluate the strength and economic stability of the country where he resides, and its respective currency, before choosing to borrow in dollars or soles. If his income is in a “hard” currency, borrowing in dollars is considered an attractive alternative today; otherwise, it is recommended to discard this option.
Location
According to the latest reports made by the Association of Real Estate Companies of Peru (ASEI), the districts located in Lima Top present great attractions to make an investment. In this sense, Miraflores, Barranco, San Isidro, Surco and San Borja, having residential areas and numerous green areas, have become one of the market’s favorite districts.
Likewise, Modern Lima should be considered as a sector with great projections of growth, modernization and superior rental returns, even, to districts of Lima Top. This is why Lince, Magdalena, Surquillo, Jesús María, Pueblo Libre and San Miguel have generated great interest in real estate developers and it is demonstrated in the multiple projects that are presented in these areas.
Space
The finishes and footage of the property you are looking to buy depend on the purpose for which you do it. If this is intended to be your family’s permanent residence, the number of rooms and spaces will be according to the number of people who will live in it and their preferences. On the other hand, if this property will be the place where you are looking to stay sporadically when you visit the city, it is advisable to find a house with a few square meters and efficient space. This way you can pay a lower mortgage loan and maintenance fee, as well as rent it through digital platforms such as Airbnb and make your investment profitable.
Remember that small spaces can generate higher rental returns, if this apartment is located in a building with attractive common and social areas for tenants.
Finally, Mosqueira recommends that, if it is your first home, you consider the additional benefits offered by the Mivivienda Fund and its Green Bonus. These allow clients of real estate projects, who meet sustainability criteria, to obtain discounts on their mortgage credit rates and a lower financing cost, even, than that of a traditional bank mortgage loan. As well as, prefer real estate agencies that belong to the ASEI or ADI unions, which represents another indicator of reliability.
In this context, if you are abroad and looking for these spaces, Alerces Inmobiliaria has projects that may be ideal for you. In addition, it invites you to review the information at the following link: https://alerces.com.pe/.
