Substantial economic growth over the past decade has resulted in greater focus on Peru’s deficient infrastructure. Of the estimated deficit, approximately $13bn is attributed solely to highway construction, an essential component that often encounters difficulties due to the country’s complicated terrain, especially in the Andes Mountains and...
Competition in the construction sector begins long before the final product hits the market. The key lies in skilled labour, which is scarce in Lima and even more so in the rest of Peru. This has not hindered growth, but has compelled developers to either pay higher wages for workers with keenly sought-out trades or invest in specialised training...
The numbers show just how much construction is contributing to Peru’s economic success. In 2011 the economy expanded by 6.92%, with the construction sector growing 3.34%. Multiple building sites around Lima are a testament to the size of the boom in the capital. From 2010 to 2011 total construction in Lima – measured in sq metres – grew by around 10...
If construction is flourishing, so are property sales. The real estate market offers opportunities for both local and foreign investors that just a decade ago did not exist. Many foreign players have embarked on joint ventures with Peruvian companies, a model proving to be an efficient way to cover the most ground. Housing is an important segment...
Although low-income housing is not usually a high-earner in the real estate market, favourable conditions in Peru for such ventures may dismiss that judgment. With a large number of people in need of homes and government policies that assist both clients and developers, there is much room for growth.
Cement producers have been trying to keep up with the pace of construction sector growth over the past few years. This is reflected in cement consumption, which increased by 3.72% in 2011, according to the National Institute of Statistics and Information. With a small group of companies covering the market, many opportunities await future...
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