The real estate market has been prioritizing land with suitable parameters, redefining its value and appeal for new projects.
The growing number of residential projects in various districts of Lima reflects a sustained trend of urban expansion, progressively driving interest in land with real estate potential. This momentum is contributing to a revaluation of assets suitable for development, creating new opportunities for both property owners and investors.
In line with this trend, demand for land has also evolved beyond traditional housing projects. Real estate developers and various companies are incorporating new uses, such as medical centers, educational institutions, and mixed-use developments. This diversification broadens the spectrum of required assets and increases competition for strategic locations, contributing to a more comprehensive and dynamic urban landscape.
“To identify a plot’s potential, it is essential to analyze zoning, urban planning parameters, and the surrounding environment. It’s not just about the location, but about understanding what type of development can be executed and how to structure the asset to correctly define its market value.”
Key Factors for Identifying a Property’s Potential
Among the main factors determining a property’s appeal are lot size—with areas starting at approximately 600 m²—current zoning and permitted building height. These elements define both the project’s viability and its profitability.
Likewise, land located in areas with access to services, good connectivity, and urban infrastructure tends to attract greater interest from developers, especially when it has residential or commercial zoning. In contrast, properties that do not meet these conditions may require additional processes or lose competitiveness compared to other options available on the market.
“We have identified a growing interest among property owners in determining the true value of their land and evaluating development opportunities. In this process, we have been advising on the marketing of various properties that currently meet the demand of the real estate market.”
