Properties for Sale in Peru

Realtors’ and lawyers’ fees in Peru and other property purchase costs

Transaction Costs
Fee / % / Who Pays?
Transfer Tax (Alcabala) / 3.00% / buyer
Notary Fees / 0.10% - 0.25% / buyer
Registration Fee / 0.30% / buyer
Estate Agent's Fees / 3.00% - 5.00% / seller

Costs paid by buyer: 3.40% - 3.55%
Costs paid by seller: 3.00% - 5.00%

Roundtrip transaction Costs: 6.40% - 8.55%

Property purchase process in Peru
Foreign residents and non-residents alike may buy Peruvian property. Investment in Peruvian real estate property does not require government approval, except if such property is close to Peru’s frontiers. Foreigners are restricted to own property near government installations and military bases.
Real estate ownership is generally absolute. It is recommended to be represented by a real estate agent during the transaction. The whole process of registering a property can be completed in around 33 days.
Transfer of real property must be made by public deed. Notary publics are obliged to report to the tax authorities all transfers they register. All deeds must be hand-written and kept in the notary’s registry.
To ensure that the title is clean, a Property Registry Certificate must be obtained from the property registry. This ascertains the property’s existence and information details, and if it is free of mortgage debt, liens, or any other encumbrance.
The Notary Public prepares and files the Sale Purchase Agreement (SPA), or “minuta”, for registration and to be converted to a public deed. It is advisable to use the option to “block” the property register for 60 days while the SPA has not yet been converted to a public deed. This can be done through a pre-emptive registration to prevent any third party filings.

Inheritance
There are no inheritance or gift taxes in Peru.

Peru, make your dream investment come true.