With expansion of 3.34% in 2011, the construction sector looks primed for further growth, due in part to a need for new housing evidenced by the country’s housing deficit of some 2m units. The government has publicly announced a goal to build 500,000 housing units by 2016, and there are a number of opportunities for public-private partnerships in the sector. While the real estate market has...
Peru Construction
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Chapter | Construction & Real Estate from The Report: Peru 2012
Articles & Analysis | Steady march: The workforce is strong but requires skilled labour from The Report: Peru 2012
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...
Interviews & Viewpoints | OBG talks to Jorge Barata, Superintendent, Odebrecht from The Report: Peru 2012
Articles & Analysis | Prime time: Addressing the lack of housing and improving infrastructure present opportunities for the private sector from The Report: Peru 2012
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...
Articles & Analysis | Hot property: Opportunities exist for developers due to a significant deficit in housing and office units from The Report: Peru 2012
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...
Articles & Analysis | From house to home: High demand creates opportunities in low-income housing from The Report: Peru 2012
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.