Slower house price rises in Lima, following economic slowdown
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Lima´s housing prices rose 9.08% to PEN 6,124 per square metre (US$ 1,829) in 2015 (up 4.48% in real terms) according to the Central Reserve Bank of Peru (BCRP).
However this year´s house price rises were lower than in the past five years, due to the slowdown of the economy in 2014-5, larger caused by plunging copper prices:
In 2016, housing prices in Lima are predicted to rise between 2.5% and 5%, according to the Peruvian Chamber of Construction´s (Capeco) President, Ricardo Arbulú.
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