Before the pandemic, the demand of the cottages and the beach was seasonal, typically associated with the seasons warm as the summer. However, the Covid 19 brought a new normal and I think a number of changes in the life style of the people, as the need to avoid places with a lot of clutter and find it easier to work remote, which caused the interest in this type of property to maintain its demand throughout the year. From may 2020, during the quarantine, which began in increased demand for cottages and beach in Lima.
The demand of the cottages and beach increased due to the following reasons:
Concentration of demand:
The beaches south of Lima, which have a greater concentration of demand in the purchase of the beach houses are: Asia, Punta Negra, Santa Maria and Punta Hermosa. With respect to rentals, Punta Hermosa is the beach with the most searches in this type of housing. On the other hand, in destinations with cottages, Chaclacayo is the zone with the greatest demand for the purchase and rental, with an increase of their searches from October to November in 2020 in a 100% and 33%, respectively.
Concentration of the offer:
There is a correlation between the demand for and supply of country houses and the beach. The areas with the highest offer for rent or purchase a beach house are located in the south of the city of Lima, the most frequent are Punta Hermosa and Punta Negra. About the cottages, offer for rental and purchase are located in Lurín, Chaclacayo, Cieneguilla and Pachacamac.
Rental market:
There is an increase in searches for rent in a 10% during the month of October to November in 2020. The average price of rent for a month stay in a beach house depends on the location:
- San Bartolo (3300 dollars per 100m2)
- Pucusana (3175 dollars per 100m2)
- Asia (2500 dollars per 100m2)
- Punta Hermosa (2386 dollars per 100m2)
- Punta Negra (620 dollars per 100m2)
In terms of the lodges, the increase in the same period of time was 23% approximately, with an average price of rent for a property of 100m2:
- Lurin (2342 dollars)
- Pachacamac (1775 dollars)
- Chaclacayo (1306 dollars)
- Cieneguilla (1200 usd)