Can foreigners buy properties in Peru?

Can Foreigners Buy Property in Peru?

Buying property in Peru as a foreigner is not only possible—it is a safe, legal, and straightforward process when guided correctly. Peru offers strong real estate opportunities, from oceanfront apartments in Lima to high-return investment properties.

This guide explains everything you need to know to invest in Peru real estate with confidence.

1. Can a Foreigner Buy Property in Peru?

Yes. Foreigners have the same property ownership rights as Peruvian citizens.

The only restriction applies to properties located within 50 kilometers of international borders, according to Article 71 of the Peruvian Constitution.

Key takeaway

Outside restricted border zones, foreigners can freely buy, own, and sell property in Peru without limitations.

2. Requirements and Necessary Documents

One of the biggest advantages of buying property in Peru is that you do not need residency.

Immigration Status

• Tourist or Student Visa: You can buy property but must obtain a PEFC permit before signing contracts.
• Business Visa: Optional, useful for investors or entrepreneurs.
• Resident Visa: Allows direct signing without additional permits.

Tax & Financial Requirements

• RUC required only if purchasing through a company
• Proof of funds may be requested by banks
• Declaration required if entering Peru with more than USD 10,000

If the Buyer is Married

• Both spouses must participate in the transaction
• Power of Attorney option via consulate + SUNARP registration
• Alternative: purchase with later ratification clause

3. Step-by-Step Buying Process in Peru

1. Property Selection: Choose based on investment or lifestyle goals
2. Legal Due Diligence: Verification through SUNARP
3. Sales Agreement (Minuta): Drafted and signed before notary
4. Tax Payment: Paid via SAT (Municipality)
5. Public Registration: Property registered under your name in SUNARP

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4. Financing Options for Foreigners

Foreigners can purchase property in cash or apply for mortgage financing under certain conditions.

Banks such as BCP, BBVA, and Interbank may offer loans depending on residency status and income verification.

5. Taxes and Associated Costs

Alcabala Tax

3% property transfer tax paid by the buyer, administered by SAT.

Capital Gains Tax

5% tax on net profit from resale, administered by SUNAT.

Important note

Taxes vary depending on property value, exchange rate, and official regulations.

Why Work With Us?

Buying property abroad can be complex—but with the right guidance, it becomes simple and secure.

• Full legal and administrative support
• Remote buying assistance for international clients
• Access to verified properties
• Transparent investment process

Our goal is to help you invest in Peru safely, confidently, and without stress.

Frequently Asked Questions

Is it safe for foreigners to buy property in Peru?

Yes. With proper legal due diligence and guidance, the process is secure and regulated.

Do I need to live in Peru to buy property?

No. Foreigners can purchase property without being residents.

Can I buy property remotely?

Yes. Many buyers complete the entire process remotely using legal representation.