Overview
- The Cámara Peruana de la Construcción's IEC No. 101 reports that new housing project launches in Lima Metropolitan fell 16.5% year‑on‑year in the first quarter of 2026, reducing the stock of available projects to 1,017.
- The drop in launches was concentrated in higher‑end central districts, with Lima Top down 46.3% and Lima Centro down 44.4%, while Lima Moderna rose 3.4%.
- Sales of new homes continue to grow across market segments thanks to recovering mortgage credit and programs such as Mivivienda, creating a widening gap between demand and supply.
- Capeco attributes the supply shortfall to recent regulatory reclassifications that limit which developments qualify as social housing plus slow municipal approvals, and it warns the shortage is already materializing in key submarkets.
- If current rules and district‑level hurdles persist, Capeco says prices could rise and push buyers farther from jobs and services, shifting where housing is built and who can afford to live near city centers.