A Rural Bed-and-Breakfast Near Huaraz, Peru

$1.6 MILLION

This six-acre property, with a working farm and five residential structures totaling nine bedrooms, sits just outside the city of Huaraz, in western Peru, 12,000 feet above sea level at the base of the Cordillera Blanca mountain range.

Designed by the current owners, Wayne and Diana Lamphier, from Canada, the site was completed in 2006 and opened as the Lazy Dog Inn bed-and-breakfast. It includes a three-bedroom, three-bath main lodge with a vaulted ceiling and skylight, a three-bedroom cabin, two family-sized cabins that sleep four to five people, each with a fireplace and one bathroom, and a smaller one-bedroom cabin. The main lodge was recently expanded to allow for more social distancing.

Also on site are seven greenhouses and gardens with potatoes, beans, quinoa, tomatoes, broccoli and other vegetables. Eight horse stables, a training ring, a tool room, a storage shed and a sauna dot the rest of the farm. A Native American tepee with four single beds is also available for guests.

Andean Alliance, and invest in a community center they built that sits outside the boundaries of the tract for sale.

“In a nutshell, our quality of life here is so much more than a dollar figure,” Mr. Lamphier said. “It’s about having a healthy and rewarding lifestyle, a cross-cultural exchange with the local community, and living in a comfortable, beautiful place.”

New York Times’s coronavirus map.)

runoff election in June to elect Peru’s fifth president in five years — is also shaking the industry, said Miguel Barragan, a broker and owner of Re/Max Royal in Lima. Last April, Peru’s congress passed a controversial law empowering the country’s central bank to set minimum and maximum interest rates every six months in order to regulate the loan market.

But demand for homes in the capital is gradually returning, a cause for some optimism for the coming year. “The economy is expected to grow 10 percent in 2021, and demand for real estate will rise with it,” Mr. Barragan said.

More people are now hunting for larger spaces with better ventilation, balconies and gardens. According to the Argentina-based listing website Properati, which covers much of South America, 55 percent of all Peruvian properties sold in 2020 had three bedrooms. It also found that sales of beachside properties increased by 25 percent in October and November. Ms. Pinto said many clients who fled the city for short-term stays in single-family homes near the beach or country wound up buying homes there, while inquiries for beach houses or second homes in the Sacred Valley, to the south, have steadily increased in the first quarter of 2021.

As for pandemic prices, the Association of Real Estate Companies of Peru (ASEI) reported that the value of a square meter in Lima fell slightly from spring to summer in 2020. But as of this January, prices had climbed by 5 percent year over year, to about $1,650 a square meter ($154 a square foot.)

“We have this weird phenomenon that occurs in Peru,” said Juan Carlos Tassara, president of ASEI. “Too much demand and the prices don’t move.”

The most expensive apartments in Lima, which range in size from about 2,500 to 6,500 square feet, Ms. Pinto said, are currently going for up to $560 a square foot. Amenities in these midsize to larger buildings typically include a terrace, storage, free parking and ocean views.