Trujillo

Trujillo, Peru's third-largest city and capital of La Libertad on the northern coast, is the country's strongest value-and-yield market among major cities. Famous for its colorful colonial center, the Chan Chan archaeological complex and a thriving agro-industrial and services economy, it offers some of the cheapest entry among Peru's agglomerations: residential prices run roughly USD 800-1,000 per square meter, and 50-70 m² apartments can be found in the USD 35,000-50,000 range. Crucially, gross rental yields are among the country's highest, with Numbeo data showing around 7.2-7.4% in and outside the center, supported by steady demand from local professionals and a large student population. The metro is also a recognized appreciation story: secondary cities like Trujillo have posted 4-9% annual price growth on infrastructure investment and supply constraints, with a forward outlook near 3-5% real annual gains. Foreign buyers enjoy full freehold ownership registered at SUNARP with the same rights as nationals, and Trujillo's central-coast location sits far from any 50km border restriction. Mortgage rates near 7.4% make financing comparatively accessible. The metro population is approximately 1 million, giving the market depth and liquidity unusual for a Peruvian regional city.