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Peru | Should I buy or rent a home in Peru? | Expat Exchange
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Should I buy or rent a home in Peru?

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If you have not spent a lot of time in Peru, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"I rented a house (Miraflores) for the first year from a gringo who actually took a USA check for the years rent. I also bought his car and sold it 6 years later for the same price. I bought a Penthouse apartment overlooking the Pacific (for a song)on my tourist visa with only $500.00 deposit and a photocopy of my passport," mentioned another expat when asked about moving to Lima, Peru.

"Buying a home in Peru can be a great investment, as the country has a growing economy and real estate market. However, it is important to consider the cost of living in Peru, as well as the availability of financing options, before making a decision. Renting a home in Peru can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Peru should be based on individual needs and preferences," commented one expat who made the move to Peru.

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We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
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Should I buy or rent a home in Peru?

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Universal Tax Professionals
Universal Tax Professionals

US tax firm specializing in US taxes for Americans living abroad.
Learn More

Universal Tax ProfessionalsUniversal Tax Professionals

US tax firm specializing in US taxes for Americans living abroad.
Learn More

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