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...
A large unresolved housing deficit is one important factor that will continue to generate activity for both the construction and real estate sectors. While consistent economic growth has paved the way for long-term development, many Peruvians continue to live in conditions that belie the country’s wealth and which authorities are determined to...
If physical structures reflect the process of building a strong economy, then Peru has engaged in related programmes with a passion that should continue for many years to come. According to the National Statistical Institute (Instituto Nacional de Estadística e Informá tica, INEI) the sector grew by 15.17% in 2012, far more than the 3.43%...
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...
Heavily dependent on the construction sector’s progress, the local cement industry took a slight dip in production in 2012. In the 12 months to May 2013 the production of Portland cement, the most commonly used material for infrastructure and housing in Colombia, amounted to 10.79m tonnes, representing a 1.67% year-on-year (y-o-y) decrease,...
In times of crisis, property ownership is often seen as one of the safest investment ventures, partly due to secured regular income from rentals. Over the past decade Colombia has built up a strong market for residential leasing and continues to see a number of dynamic factors that are increasing its potential.
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