More Peruvians Are Buying Homes in 2025: The Districts in Highest Demand
The real estate market in Lima kicked off 2025 on a high note. According to the latest Construction Economic Report (April–May) from Capeco, a total of 6,537 new housing units were sold between January and March—marking the highest sales volume ever recorded in a first quarter and a 38.9% increase compared to the same period in 2024.
Signs of a Real Estate Recovery?
All signs point to yes. Lower interest rates and a wider range of new housing options have sparked renewed interest among Peruvians looking to buy a home to live in. This upward trend has held steady for six consecutive quarters, signaling a strong market recovery.
What Are Buyers Looking For?
The market is evolving to meet the demands of today’s buyer. Most sought-after homes are compact, functional, well-located, and competitively priced. Districts like San Miguel, Jesús María, Miraflores, and Surco are leading the way, thanks to their prime locations and variety of real estate offerings.
Breaking Records: Why Sales Are Surging
“This sales record isn’t random,” explains Cinthia Pasache, Commercial Manager at Best Place to Live®. “It’s the result of both structural and market-specific factors—especially project locations and a shift toward units averaging 65 square meters, reflecting higher demand for compact, efficient living spaces.”
At the same time, average home prices remain stable at approximately S/452,900, with just a modest 0.27% increase from the previous year. This price stability continues to support buyer accessibility and market confidence.
The Mivivienda Program’s Key Role
A major driver behind this growth is the government-backed Mivivienda program, especially Tier 5 properties, priced between approximately $97,800 and $132,000 USD. These units, typically under 50 m², accounted for 52% of Mivivienda sales in Lima and 25% of all home sales in the capital during Q1 2025.
Today’s Buyer Is More Informed—and More Selective
Capeco’s report also notes a shift in buyer behavior. Homes with 2 or 3 bedrooms led sales, representing 38.4% and 37.4% of purchases, respectively. Most of these buyers favored units between 60 and 70 m², with decision-making increasingly influenced by:
- Project stage and delivery timelines
- Developer reputation
- Space efficiency and layout
- Overall purchasing experience
Conclusion:
2025 marks a turning point for Lima’s residential real estate sector. With a growing number of Peruvians actively buying homes, a stable pricing environment, and product offerings that meet evolving lifestyle needs, the market is showing real signs of sustainable growth.
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.
