The construction sector has both benefitted from and sustained Peru’s macroeconomic growth, as private and public building projects together have allowed the sector to experience repeated years of expansion. Though this rhythm has seen a deceleration recently, the sector continues to be an integral part of the Peruvian economy, and will be...
Although slower demand affected home sales in Peru in 2014 and 2015, stakeholders are hoping that a recently approved rent-to-lease law will have a positive impact. President Ollanta Humala signed the bill into law in July 2015, and the market is anticipating the new regulation to act on three fronts: encouraging banks to raise the level of...
While the fall in housing sales and some delays in large-scale infrastructure projects may be slowing construction activity in Peru, the sector is set to be spurred by a new large-scale scheme. In the Lambayeque region of northern Peru, the government is aiming to build a new city and turn it into a development model for other urban areas....
Although economic uncertainty weakened investment in the sector for most of 2015, real estate development continues to offer opportunities in Peru. Housing demand remains high, and growth rates have encouraged development of office, commercial and industrial real estate projects. “There is a lot of caution in terms of investment, caused by El...
As the country strives to resolve a pending housing deficit, the stable growth of the economy is prompting a new dynamism in the higher segments of the market. This is supporting continued sales of new homes, as well as efforts by builders and promoters to continue to satisfy demand. But challenges remain, with rising land prices encouraging a greater concentration of...
Fuelled by Peru’s economic performance, the construction sector continues to see expansion at several levels. Mechanisms to attract private investments into infrastructure revamping are bringing essential facilities, such as ports and airports, up to standard. The utilities and energy sectors are seeing increased attention, which is needed to support urban expansion and...
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