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Your first apartment: keys to buying safely and without stress - Infobae
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Tu primer departamento: claves para comprar con seguridad y sin estrés
Expertos del sector inmobiliario recomiendan definir presupuesto, analizar ubicación y revisar documentación legal antes de comprar una vivienda, en un mercado limeño que muestra crecimiento y nuevas oportunidades para compradores primerizos
www.infobae.com
November 19, 2025
Real estate experts recommend setting a budget, analyzing the location, and reviewing legal documentation before buying a home in Lima's market, which is showing growth and new opportunities for first-time buyers.
By Valeria Mendoza Talledo
Follow these tips when you start looking for your first apartment. Consider your down payment, any available subsidies, and the bank's interest rate. - Credit Composition Infobae/Edwin Montesinos/Andina/Difusión
Buying your first apartment is one of the most important personal and financial decisions you'll make. To ensure a safe and smooth purchase , Josafat Jabbour, Commercial Manager of Reyna Grupo Inmobiliario, emphasizes the importance of starting the process with a clear and realistic roadmap . Your budget should take precedence over emotion: defining your available funds before beginning your search prevents you from falling into unmanageable debt and helps you make objective decisions.
The property's location is a determining factor. Choosing a district with growth potential, good connectivity, nearby services, and projected appreciation can make all the difference in quality of life and future profitability. Areas that receive new infrastructure investments typically experience a sustained increase in the price per square meter.
Furthermore, the financing must be tailored to the buyer's income. The Superintendency of Banking, Insurance, and Pension Funds (SBS) indicates that the monthly mortgage payment should be reasonable and not exceed 30% of net income . It is advisable that the real estate project be backed by a financial institution or government program, which provides transparency and security regarding the repayment terms.
"Look Who You're Buying From" is Indecopi's platform that allows consumers to know if the companies and individuals they are buying apartments from have any sanctions from the agency. - Credit: Infobae/Edwin Montesinos/Andina/Gob.pe
Choosing an apartment requires analyzing its size and layout according to your current stage of life, prioritizing functional and flexible spaces over luxury finishes. The key is to opt for a property that allows for future adaptations, whether for living in, renting out, or expanding.
Equally important is legal security . It is essential to verify that the property has a building permit, is properly registered with the Public Registry, and that all legal documentation is in order. Signing contracts with clear clauses, well-defined deadlines, and after-sales guarantees provides the necessary certainty for a secure purchase .
Finally, expense planning should consider not only the price of the apartment, but also maintenance costs, taxes, common fees, and other associated charges. Anticipating these expenses prevents a good investment from being overshadowed by unforeseen financial obligations.
You can get a discount of up to 80% on the property value, but it must meet certain requirements. | Andina
Key steps to buying your first apartment
Nexo Inmobiliario offers some key steps for buying your first apartment.1. Have a valid official identification (DNI or Foreigner's Card) and, in the case of a business purchase, RUC.
2. Verify the financial capacity to make the purchase, either in cash or through a mortgage loan.
3. Save between 10% and 20% of the property value for the down payment.
4. Assess the ability to pay, ensuring that the monthly payment does not exceed 30% of income .
5. Search and select the appropriate department considering location, size, layout and legal status (registration in SUNARP) .
6. Explore different financing alternatives, such as the New Mivivienda Credit, bank loans or the Techo Propio program .
7. Review the legal documentation in detail: Literal copy and certificate of no municipal debt , in addition to licenses and permits.
8. Formalize the purchase by signing a clear purchase agreement and, if possible, formalize it as a public deed before a notary.
9. Register the property in SUNARP to formalize the transfer, a process that takes between five and fifteen business days.
10. Consider additional costs : Transfer tax, notary and registry fees, property tax, municipal fees and maintenance fees.
Home purchases in 2024 are expected to be driven by lower interest rates and apartment prices, which are not projected to rise significantly. - Credit: Infobae/Andina/Melina Mejía
Market trends: review of the first half of 2025
During the first half of 2025, Lima's real estate market showed remarkable growth. Sales of new homes increased by 25% compared to the same period of the previous year, and the sector is expected to close the year with a 16% expansion. Mortgage lending also saw increased activity, with an estimated growth of 13% and more than 38,000 new transactions, driven by a gradual reduction in interest rates and exchange rate stability.The average price of a 60-square-meter, two-bedroom apartment is S/ 424,000, while a 100-square-meter, three-bedroom apartment costs S/ 657,000. The average price per square meter is S/ 6,821 . So far in 2025, apartment prices have risen by 1.1%, but since this is lower than the accumulated inflation rate (1.3%), it translates into a real decrease of 0.2%. Smaller units also registered the largest increases this year.
In this dynamic context, financial planning , legal assessment , and conscious location selection are consolidated as key factors for making an informed and safe purchase decision.
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