Top Real Estate Hotspots in Lima Amid Surge in New Home Sales in 2025
Lima’s real estate market is showing strong signs of revival. During the first half of 2025, new house sales in Peru’s capital rose 30%, to 6,237 units sold, according to the Peruvian Association of Real Estate Companies (ASEI).
This boom has been most intense in certain districts and urban sectors that continue to attract buyers and developers due to their infrastructure, lifestyle amenities, and investment attractiveness.
Top-Performing Districts
The following are the top-performing districts in new home sales:
- Miraflores
- Jesús María
- Cercado de Lima
- San Miguel
- Santiago de Surco
These districts are preferred due to their better connectivity, amenities, and overall livability, and are the target of choice for residential real estate development.
Fastest-Growing Urban Sectors
Breaking it down by sector, the growth tale gets even more delicious:
- Modern Lima: This sector saw the highest activity, with 2,477 units sold—up 33% compared to Q1 2024.
- Top Lima: Recorded 1,698 units sold, marking a 25% increase.
- Central Lima: Grew by an impressive 46%, with 1,223 units sold.
- South Lima: Posted a 32% increase, reaching 344 units sold.
- North Lima: Saw a 15% rise with 296 units.
- Callao: Achieved an 11% boost with 52 units sold.
- East Lima: Was the only area to decline, dropping 13% from 168 to 147 units sold.
Why Is East Lima Lagging Behind?
According to ASEI, the lack of growth in East Lima is mainly due to infrastructure limitations. “There are major water and sewage projects that Sedapal, the public utility company, needs to carry out—but these are not currently included in their budget,” noted ASEI’s General Manager.
Districts with Highest Sales vs. Highest Growth
While some districts led in overall sales, others showed the most significant growth in terms of new real estate developments:
- In Top Lima, Miraflores had the most units sold, but Surco saw the largest project growth.
- In Modern Lima, Jesús María led in sales, while Pueblo Libre posted the biggest quarter-over-quarter growth.
- In Central Lima, Cercado de Lima recorded the most sales, but La Victoria had the highest growth rate.
Market Outlook: What’s Next for Lima Real Estate?
ASEI expects the housing market’s momentum to continue through the year, although its pace may be influenced by regulatory changes and broader macroeconomic factors.
“A stable political environment, access to mortgage financing, and adaptability to new regulations will be key to sustaining growth,” said Gálvez, ASEI’s General Manager. She also emphasized the need for real estate offerings that truly meet the needs of Peruvian families.
Will Tariff Increases Affect Construction Costs?
One concern on the horizon is the potential impact of new tariffs on construction materials. Gálvez warned that costs could rise, albeit gradually: “We might see something similar to what happened during the Russia-Ukraine conflict, when steel prices soared and pushed many construction firms out of the market. Tariffs would likely have a slower impact, but it would still be significant.”
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