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...
As with several countries in the region, Peru has been channelling the proceeds of its economic performance into the development of infrastructure. Through its public-private partnership (PPP) model, strategic infrastructure such as airports, port and roads has been on the receiving end of private financing and programmes aimed at enhancing managerial skills to improve...
A combination of government incentives, in addition to strong fundamentals, are expected to continue having an impact on the building industry in a positive way. Despite the strong growth registered over the past few years, however, the challenge of reducing the number of Peruvians that lack appropriate housing remains. According to figures from the Ministry of Housing,...
Infrastructure development plans are focusing on the concession model to support the expansion of road connections. However, the initial market response to the projects has left much to be desired. Despite the pre-qualification of up to 10 companies for each of the first four projects to be tendered by the government in April 2014, the response from operators has so far...
Driven by demand for housing and a mounting construction sector, real estate in Colombia has been experiencing healthy growth. Fears of an impending bubble have so far been exaggerated, as the housing stock is being absorbed by high demand and a well structured mortgage system. The real estate sector accounted for 8% of GDP in 2013, according to figures by the Colombian...
Ever since entering office for its first term in 2010, the government of President Juan Manuel Santos has put the construction of new homes for Colombians as one of the top priorities. Despite being behind its target of building 1m homes over the 2010-14 period, the government has been able to establish a consistent level of housing development. Much of the impetus has...
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