2026 Will Be The Year of the Real Estate Take-Off Outside of Lima

December 9, 2025

A New Investment Map Across Peru

The southern and northern regions of the country are emerging as strategic hotspots. Cities such as Ica, Arequipa, Piura, La Libertad, and Paracas are gaining traction thanks to accelerating urban growth, a strong tourism ecosystem, and property prices that remain more competitive compared with Lima. This trend, set to intensify in 2026, is reshaping the country’s landscape of profitability and long-term value.

According to the National Institute of Statistics and Informatics (INEI), private construction investment is expected to close the year with a 3.5% increase, fueled by the demand for second homes, tourism projects, and leisure-driven developments. Meanwhile, Peru’s Ministry of Foreign Trade and Tourism (MINCETUR) reports that domestic tourism has grown by more than 25% over the past two years—energizing mid-sized cities and regional markets.

A Structural Shift in Investor Behavior

For Carlos Leyva, CEO of Invictus Real Estate Group, this shift represents a fundamental transformation in the industry.

“The new investment focus lies in regions with identity, connectivity, and long-term potential. Investing outside Lima is no longer an alternative—it’s a strategy to diversify risk and build lasting value,” he explains.

With that perspective, he outlines the five key reasons why 2026 is the ideal moment to expand investment beyond Lima:

Strong growth potential and rising property values

Regions such as Ica, Arequipa, and Piura are experiencing rapid urban expansion. While their price-per-square-meter remains competitive, values continue to trend upward due to population growth and increased tourism demand. Investing now means entering during the early value-appreciation stage.

A booming domestic tourism market

More Peruvians are choosing to travel within the country, driving demand for short-term rentals, vacation homes, and hospitality-oriented developments. This behavior is opening new opportunities for recreational, tourism, and second-home real estate projects.

Infrastructure that strengthens regional markets

Highways, expressways, and upgraded regional airports are enhancing mobility and market access. Strategic corridors such as the South Coast, the Arequipa–Majes axis, and the Northern Coast are showing strong urban and tourism momentum.
Destinations like Paracas are solidifying their position as investment hubs near Lima, with growing residential and vacation-home demand.

Major national projects, including the Central Bioceanic Railway Corridor—which will link Chancay with Brazil across Peru’s coast, highlands, and jungle—are expected to boost large-scale logistics and commercial development in regions such as Junín and Satipo.

Diversification and long-term investment security

Expanding into emerging regions reduces reliance on the Lima market and unlocks assets with stronger long-term potential. Geographic diversification is essential for protecting returns against market cycles or saturation in the capital.

Local development and sustainable impact

Investing outside Lima generates more than individual financial gains—it supports local employment, tourism, and commerce. Today’s investors increasingly seek projects that combine returns with social impact, sustainability, and shared value.

Looking Ahead

“As we look toward 2026, Invictus Real Estate Group reaffirms its commitment to decentralized growth, promoting projects that integrate housing, tourism, and sustainability across multiple regions of Peru. For investors, the moment to look beyond Lima has already arrived,” concludes Carlos Leyva.

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