Mortgage lending in Peru increased by 7.8% year-over-year as of September 2026, according to data from the Central Reserve Bank of Peru (BCRP).
This expansion reflects a steady acceleration in real estate financing, with total outstanding mortgage debt reaching 79,038 million soles.
The latest figures represent an uptick from the 7.6% growth rate observed in August 2026, as families increasingly purchase, renovate, or build properties. This momentum is supported by liquidity in the banking system, which saw the financial and insurance activity sector grow by 3.19% in August compared to the same month the previous year.
The BCRP report shows borrowers are managing their debts differently, preferring loans denominated in soles over those in foreign currency.
- Loans in soles: Experienced an 8.4% increase in September, driven by the perceived stability of the local currency and the benefit of fixed payment installments.
- Loans in dollars: Suffered a sharp decline of 22.8% during the same period.
Financial analysts note that this trend confirms a strategy among families to borrow in the same currency in which they earn their income to mitigate exchange rate risks.
While business credit experienced a deceleration to a 9.8% growth rate, personal financing for housing has maintained a firm and consistent advancement. The data confirms that mortgage loans remain among the most active segments within the Peruvian banking system. This growth trajectory is part of a trend of accelerated housing financing observed throughout the most recent two-month period reported by the monetary authority.
