Lima

Lima is Peru's capital and economic engine, a Pacific-coast metropolis of roughly 11.5 million people whose clifftop districts of Miraflores and Barranco overlook the ocean along the Costa Verde. It is the core of Peru's property market, supported by one of Latin America's most stable currencies, low inflation and a structural housing deficit. The investor market concentrates in a handful of affluent, walkable districts, where gross yields average around 6.5% and prices have grown modestly in real terms. Lima's world-renowned dining scene and scarce ocean-view land sustain premium demand, while a tightening construction pipeline and the coming Metro Line 2 underpin the medium-term outlook.