The Central Bank of Peru published data showing outstanding mortgage credit for home purchases rose 0.8% month on month in April 2025, lifting annual growth to 5.9% and taking the balance to PEN 71,806 million. Year-on-year growth in mortgage credit granted by deposit-taking institutions has accelerated in recent months, which the central bank associated with factors including lower interest rates and a higher number of property purchase and sale transactions. Sol-denominated mortgages grew 6.9% year on year and 0.9% month on month to PEN 66,976 million, and the share of mortgage lending in US dollars declined to 6.7%, reducing households’ exposure to exchange-rate fluctuations.
Central Bank of Peru 2025-06-04
Central Bank of Peru reports mortgage credit balance increased 5.9% year on year in April and dollarisation fell to 6.7%
The Central Bank of Peru reported a 0.8% monthly increase in outstanding mortgage credit for home purchases in April 2025, with annual growth reaching 5.9% and a total balance of PEN 71,806 million. Sol-denominated mortgages rose 6.9% year on year, while the share of US dollar-denominated mortgages fell to 6.7%, decreasing exchange-rate risk for households. The growth is attributed to lower interest rates and increased property transactions.