This is the kind of thing I don't get about Peru. Every now and then you'll walk by some piece of property that you can deduce, just from its very location, must be worth a fortune, and yet you can observe people living and working there in the most rudimentary way.
For example, take this shabby looking hotel that sits on the Costa Verde near the Miraflores Stadium. Honestly folks, why would you put a hotel there unless you were running some fancy hotel that catered to tourists and cost $300 a night? This hotel overlooks the ocean and is right next to a couple lovely parks. If you owned this hotel...why would you contiue to operate it as a hotel? Why not spend a couple grand on a coat of paint, and then refurbish the inside into appartments that you can sell for $2500 per square meter?
Ok, sure, there is probably a bunch of stuff going on here that I know nothing about, but the fact is you see people living utterly simple lives all over Peru in places that should be dynamite real estate locations. Today, in Cusco, we walked by a tiny little farm that was within a couple hundred yards of Sacsayhuaman. I can't believe that nobody has come up to the owners of that property and offered them cash for the land (so they could develop a hotel or something). Yet, there they were, chasing chickens around their yard, etc.
I'm not saying there is anything wrong with chasing chickens, but if you want to do that, why not sell your quarter million dollar property and then by something for 5 grand where you can chase all the chickens you want.
I don't know...maybe the offers aren't coming in, in which case you should really head down to Peru and start knocking on doors. You tell me...do you think land in the Sacred valley is going to be worth more or less in the future?