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Lima real estate prices increase in first quarter of 2013

Real estate sales in Lima and Callao grew by 21.9 percent in the first quarter of the year, according to data from consulting firm Tinsa, Gestión reported.

The numbers are part of a recent report prepared by the country’s Central Reserve Bank (BCR), which said growth was due to an increase in demand across all socioeconomic sectors.

Sales in the B sector represented 56.4 percent of total sales, the bank said, with 2,095 homes sold.

Meanwhile, prices in home sales in the districts of La Molina, Miraflores, San Isidro, San Borja, and Surco, went up by 24.5 percent in dollars, and 16.4 percent in soles.

The average price per square meter in these districts is of $1,798, the daily said.

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