Barranco: prices, rental yield & Airbnb income

Barranco is Lima's bohemian quarter — colourful colonial houses, galleries, clifftop bars and the city's best nightlife, all walkable and right on the coast. It's small, characterful and tourist-loved, which makes it Lima's strongest short-term-rental market. Who buys here: investors chasing Airbnb upside and buyers who want a place with personality, accepting more seasonality for higher potential income.

Long-term, apartments here return about 3.9% net after costs, with sale prices around $2,712 per m2 and rents near $14 per m2 per month. That's a middling but honest number for Lima, and it's the after-costs figure, not the headline gross.

Airbnb tells a harder story: gross yield of just 1.4% across 64 tracked listings, before you've paid a single Airbnb-specific cost. The average daily rate is $44.20 but occupancy sits at only 20%, which drags annual revenue down to roughly $2,681. The demand is thinner and more seasonal than the district's fame suggests.

Recent Airbnb occupancy

Occupancy peaks around December (~26%) and is quietest in June (~10%). Trailing months with enough data — Lima's short-term demand tracks the Dec–Feb summer.

Returns differ a lot by unit size. Gross yields per bedroom count (both sides gross, so they compare like-for-like):

Gross (before costs); shown where enough listings exist. See the size guide to compare districts.