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...
Given the infrastructure deficit across the board, where should the state’s priorities lie?
Are recent rapid property price rises indicative of excessive speculation and a potential bubble, and what is the risk in the long term?
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...
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