While the fall in housing sales and some delays in large-scale infrastructure projects may be slowing construction activity in Peru, the sector is set to be spurred by a new large-scale scheme. In the Lambayeque region of northern Peru, the government is aiming to build a new city and turn it into a development model for other urban areas....
Although slower demand affected home sales in Peru in 2014 and 2015, stakeholders are hoping that a recently approved rent-to-lease law will have a positive impact. President Ollanta Humala signed the bill into law in July 2015, and the market is anticipating the new regulation to act on three fronts: encouraging banks to raise the level of...
The construction sector has both benefitted from and sustained Peru’s macroeconomic growth, as private and public building projects together have allowed the sector to experience repeated years of expansion. Though this rhythm has seen a deceleration recently, the sector continues to be an integral part of the Peruvian economy, and will be...
Although economic uncertainty weakened investment in the sector for most of 2015, real estate development continues to offer opportunities in Peru. Housing demand remains high, and growth rates have encouraged development of office, commercial and industrial real estate projects. “There is a lot of caution in terms of investment, caused by El...
Mexico’s real estate sector has been witnessing the growth and impact of real estate investment trusts (REITs), known locally as Fideicomiso de Infraestructura y Bienes Raíces (FIBRAs). These are vehicles for real estate portfolio management which rely on the issuing of real estate certificates to investors. As of early 2015, nine different...
As the constitutional reforms passed in 2013 start to have an impact on the Mexican economy, construction activity is poised to grow. In recent years many of the most relevant sectors have been characterised by a cautious approach, caused primarily by preoccupations with the last presidential elections as well as the anticipation of regulatory...
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