Because of the lack of space, proximity to exclusive zones and better prices, smaller apartments are gaining popularity in real state around the world. Peru is not the exception, assured the General Manager of ADI Peru (Real Estate Developers Association), Carola Pacheco.
This global trend is strong in cities such as New York, London or Paris. However, it’s spreading to other countries, including the Peruvian territory.
“Real Estate market is dynamic, it’s changing with the necessities and new profiles of the buyers. Last years, those changes are around the demographic growth of a new generation, the millennials. They are looking for smaller apartments considering they can save money, the spaces are comfortable and let them be closer of certain areas in Lima”, detailed Pacheco.
Nowadays, it’s usual to build entire projects focused in small units. Contrary to the past, when apartments of different sizes could be localized in the same building, and sold according to the requirements of the new homeowners.
A good location is fundamental in this case. In Lima, the districts around San Isidro and Barranco have the highest number or projects. Lince, Magdalena, San Miguel and Jesús María are B and B+ level; but it’s possible to find options for the C and C+ level in Comas, Callao or Breña.
Also called aPodments, micro-units or metro suites, mini apartaments are generally composed by two main areas, used for work, hang out or rest.
This type of constructions increased by 10% in 2018. “The minimum area is 26m2, but most mini apartments have 41m2 or 50 m2, and the latter is the most common in Peru”.