The Unassuming Economist

“The property sector has grown rapidly, though there has been some price moderation recently and indicators do not suggest overheating. Prices have risen over the decade, in tandem with Peru’s economic expansion. In Q2 2016, the growth in median apartment prices in Lima softened compared to Q2 2015, but remained well above the 5-year average. Valuation indicators show that Peru’s property market is on an average footing compared to regional peers (…). The country also faces a housing deficit, particularly in the lower-income segments, and buying patterns do not appear speculative. Furthermore, property price indices in Peru only reflect the capital, Lima, which has a higher population growth and urbanization level than the rest of the country”, according to the IMF’s annual economic report on Peru.