Accounting for around 5% of GDP, the Peruvian construction sector continues to see expansion at several levels. The sector grew by 8.9% in 2013 before slowing down to 3.1% year-on-year in the first half of 2014. Activity in the construction sector is being led by the burgeoning need for housing, as well as commercial real estate, both resulting from improved living standards in Peruvian cities...
Peru Construction
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Chapter | Construction & Real Estate from The Report: Peru 2015
Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
Articles & Analysis | SOLID DEMAND: from The Report: Peru 2014
Local cement consumption grew by 15.76% in 2012 and continued rising in the first half of 2013, at monthly rates of 3-24%. Dante Carhuavilca, chief of economic and social studies at the National Society of Industries, told OBG, “Cement production will continue to be propelled by growing demand, in infrastructure, roads, public works in general,...
Articles & Analysis | On the verge of stability: New prime office buildings look to satisfy high demand from The Report: Peru 2014
The prime office market is a segment to watch. Even after adding six new buildings with more than 51,000 sq metres to Lima in 2012, the initial vacancy rate for prime office space dropped to 2.2% in 3Q 2013, down from 2.4% in 3Q 2012. Such high demand has limited market options for leading companies doing business in Peru, but it is also laying...
Interviews & Viewpoints | OBG talks to Jose Graña Miro Quesada, Chairman, Graña y Montero from The Report: Peru 2014
Given the infrastructure deficit across the board, where should the state’s priorities lie?
Interviews & Viewpoints | OBG talks to René Cornejo Díaz, Minister of Housing, Construction and Sanitation from The Report: Peru 2014
Are recent rapid property price rises indicative of excessive speculation and a potential bubble, and what is the risk in the long term?