Lima Housing Market Hits Record High in 2025
Lima’s real estate market is experiencing one of its strongest moments in recent years. According to the Peruvian Chamber of Construction (Capeco), 6,975 homes were sold in the second quarter of 2025, setting a historic record for the city. This represents a 41% increase compared to the same period in 2024 and a 6.7% rise from the previous quarter, marking seven consecutive quarters of growth since mid-2023.
If this pace continues, the year could close with nearly 25,000 units sold, an 18.4% increase compared to 2024, surpassing the sales levels seen during Lima’s real estate boom between 2011 and 2013.
Segments Driving Growth
The market’s momentum is evident in both the non-subsidized housing segment, which grew 44% year-over-year, and the Mivivienda program, which posted a 41.6% increase. By contrast, the Techo Propio program continues to have a marginal presence in Lima, despite being designed to meet the city’s largest share of social housing demand.
What Buyers Are Looking For
The most sought-after price range is between $94,800 and $124,000. However, this segment saw a slight dip in sales due to regulatory restrictions and its exclusion from the social housing category. Even so, most urban areas of Lima reported double-digit growth in sales compared to last year.
In terms of size, the strongest demand is for compact units up to 540 sq. ft. and mid-sized homes ranging from 980 to 1,615 sq. ft. While the market remains relatively balanced, Capeco warns that the slower pace of new project launches could push prices upward in the near future. For now, home prices remain stable thanks to favorable financing conditions and government-backed subsidy programs.
At HomeReady Global, we are your best ally to have your pre-sale or in-construction property delivered 100% completed with full satisfaction for the developer, seller, and new owner.
