Mortgage lending in Peru decelerated in June, with the outstanding balance of home loans growing 7.4% year-on-year, down from the 7.5% expansion recorded in May.
The data, released by the Central Reserve Bank of Peru (BCR), indicates a slight moderation in the housing finance sector's recovery momentum after a period of acceleration earlier in the year.
The slowdown in mortgage growth comes as Peru's broader economy continues to expand, having posted 26 consecutive months of growth with gross domestic product rising 3.2% year-to-date through May 2026.
While the overall economic trajectory remains positive, the cooling in housing credit suggests that household borrowing for real estate is stabilizing rather than accelerating further.
This development follows a trend where mortgage lending had been picking up pace, pointing to a broadening recovery in the country's housing finance sector as households increased their borrowing activity.
The June figure, however, marks a slight pullback from the peak growth seen in the previous month, potentially reflecting tighter credit conditions or a natural normalization after the earlier surge.