La Victoria and Santa Beatriz Lead the Real Estate in Downtown Lima
The real estate market in Central Lima is experiencing strong momentum, positioning itself as an increasingly attractive alternative for families looking for housing in the capital. According to the latest report from the Confederation of Real Estate Developers of Peru (CODIP), sales in this area grew 27% in the first half of 2025, reaching 2,244 units compared to 1,767 in the same period of 2024.
In addition, the average sale price increased from USD 91,137 to USD 94,439, a 3.6% rise, reflecting buyers’ greater willingness to invest in this part of the city.
La Victoria and Downtown Lead the Growth
Among the districts that make up Central Lima —Downtown Lima, Breña, La Victoria, Rímac, and San Luis— the highest growth occurred in La Victoria, which jumped from 547 to 829 units sold, a 52% increase. Downtown Lima also stood out with 30% growth.
In contrast, Breña (-9%) and Rímac (-17%) recorded declines, showing a partial shift in demand toward more dynamic real estate zones.
Santa Beatriz: The New Real Estate Hotspot
A key highlight of the report is Santa Beatriz, which sold 421 homes in just six months, 16% more than the previous year. This placed the neighborhood at 19% of all Central Lima sales, making it one of the most attractive spots for buyers.
Prices in the area also reflected this trend. The average ticket price rose from USD 92,742 in the first half of 2024 to USD 101,051 in the same period of 2025, an 8.9% increase. According to CODIP, this confirms that families are willing to pay more to live in this central, historic neighborhood.
Nexo Centro Real Estate Fair
To further boost the market, the real estate guild announced the first edition of Nexo Centro, a real estate fair focused exclusively on projects in Central Lima districts. The event will take place on September 6 and 7 at the Sheraton Lima Hotel.
Millennials: The Driving Force of the Market
Beyond the sales numbers, the Peruvian housing market is being strongly driven by millennial buyers. According to the 2025 Real Estate Satisfaction Study by Best Place to Live (BPTL), millennials account for 48% of home purchases in Lima and Arequipa, making them the main force behind housing demand.
The study also reveals that:
- Generation X accounts for 33% of purchases.
- Centennials represent 10%.
- Baby boomers account for 9%.
Regarding purchase purpose, 61% bought their primary residence, 29% purchased as an investment, and 9% acquired a second property.
Conclusion
With sustained growth in sales, rising prices, and the consolidation of Santa Beatriz as a real estate hotspot, Central Lima is reaffirming itself as one of the most attractive markets in the city. At the same time, the growing weight of millennial buyers confirms that younger generations are shaping the future of housing in Peru.
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