And the fourth most expensive city in South America! You feel it with real estate, rents, the price of gas, private schools.
According to Mercer (who did the study) Lima is expensive because our currency, the Sol, has not devalued as much vis-a-vis the dollar as our neighbors in the region. But I think that is only part of it. Gas is taxed heavily, and the cost of building apartments has risen because of higher building standards imposed, and the hike in land prices in desired areas.
I am curious... where do the rest of you feel the high prices? What about the bargains?
"Hay que distanciarnos hoy para luego abrazarnos más fuerte".
-Guiseppe Conte, primer ministro italiano.