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...
Cities across the Philippines are getting a facelift, with gleaming new buildings springing up all around Metro Manila and beyond. With the country riding high on a wave of investment rating upgrades this growth, as far as the real estate and construction sector is concerned, has only just begun. But while this vote of confidence in the Philippines...
Largely helped by significant public spending in infrastructure, the construction sector saw robust growth in 2013. An improving investment climate, which saw a steady inflow of remittances and inward investments directed at the property sector, also played a part in spurring construction activity. Investment-grade upgrades from Fitch Ratings and...
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