tag:blogger.com,1999:blog-319312139173068397.post7736298051456957628..comments2024-02-26T07:03:07.172-08:00Comments on International Appraiser: Objective valuation advice on international real estate: Appraisal in Lima, PeruVernon Martin, MSRE, CFEhttp://www.blogger.com/profile/02054820435980122674noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-319312139173068397.post-56175305361267628632014-09-25T06:08:34.473-07:002014-09-25T06:08:34.473-07:00Hi Vernon, Love the article. My first guess is tha...Hi Vernon, Love the article. My first guess is that you studied some kind of Econometrics or Statistics for a degree. I actually found this article interesting since i am researching the prices of Lima, Peru in Lince, where we are about to sell about 650 meters squared land that is in a great location. I am a Real Estate Agent licensed in Florida at the moment. Currently I hear that area is Angelonoreply@blogger.comtag:blogger.com,1999:blog-319312139173068397.post-32926150552410124742014-07-28T06:58:36.359-07:002014-07-28T06:58:36.359-07:00Last time I appraised land in downtown Manhattan, ...Last time I appraised land in downtown Manhattan, for instance, the purchase price amounted to $7638 psf of land area, and the FAR was almost 34, and this was a site being purchased for assemblage purposes.Vernon Martin, MSRE, CFEhttps://www.blogger.com/profile/02054820435980122674noreply@blogger.comtag:blogger.com,1999:blog-319312139173068397.post-7691905147948535622014-07-28T06:20:52.743-07:002014-07-28T06:20:52.743-07:00Manhattan and LA, at the very least, and the price...Manhattan and LA, at the very least, and the prices are influenced by allowable FAR in a prime location. China's Greenland Corporation just paid $144,769,500 this year for an 8938 sf site in downtown LA. That's over $16,000 per square foot. As for Lima, I first thought that $300 psf was farfetched, but then changed my opinion when I found out the office vacancy rate in the financial Vernon Martin, MSRE, CFEhttps://www.blogger.com/profile/02054820435980122674noreply@blogger.comtag:blogger.com,1999:blog-319312139173068397.post-1777946596920482752014-07-27T19:03:55.190-07:002014-07-27T19:03:55.190-07:00$300/sf for downtown Lima land? Is there a CBD hi...$300/sf for downtown Lima land? Is there a CBD higher than that in the USA? Those are some steep prices!George Mannnoreply@blogger.com