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...
Economic development over the past decade has in part been driven by the rising demand for exports from Peru’s expanding extractive industries, as well as its diverse agriculture sector. Thus, in 2005 the National Port Authority (Autoridad Portuaria Nacional, APN), with the Ministry of Transportation and Communications (MTC), released Peru’s...
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...
Like many Latin American countries, Peru’s economy relied heavily on exporting primary products throughout most of the 20th century, an economic strategy that historically has provided little security when global financial crises hit or foreign markets no longer require those raw materials. Over the past decade, however, the country has consciously...
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.
Increased demand on the national power grid has prompted investments seeking to boost power generation capacity throughout the country via both hydroelectric and natural-gas-fired thermoelectric power plants. Indeed, from 2011 to 2013 the central bank has predicted investment in the electricity sector to total just over $7bn. The Ministry of Energy...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×