Lima’s vibrant housing market is slowing
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Lima´s house prices continued to surge in 2014, rising by 12.03% (8.53% in real terms) to PEN 5,614.34 (US$ 1,760) per sq. m. During the latest quarter, apartment prices rose 1.6% (1.2% in real terms), according to the Central Reserve Bank of Peru (BCRP).
The average price of homes sold in Lima Metropolitan Area rose by 7.65% y-o-y to Q2 2014, to PEN 289,260 (US$ 90,704), according to the consultancy Peru Tinsa. During the latest quarter, the average price of homes rose by 0.25%.
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