Overview
- In the first quarter of 2026, developers sold about 8,000 new homes in Lima and Callao, up 25% year over year, as absorption reached 5.6% and the time needed to clear stock fell to 17 months.
- Pre‑sales drove the market, with 47% of purchases in projects under construction and 34% in plans, while only 19% were for immediate delivery, reflecting buyer trust and access to lower entry prices and financing.
- The active pipeline reached 1,088 projects with 259 developers, and sales outpaced additions to supply, which tightened inventory and signaled a more efficient market.
- Momentum is shifting to Lima Norte, Lima Este, and the Callao, where units are selling faster, helped by urban plans, improved roads and transit like Metro Line 2, and more accessible prices.
- Social housing’s role remains debated, with outlets citing shares from 34% to 68% of sales, as stable prices near a 1% annual change and mortgage rates below 8% continue to support demand.