news agency
This year, 51% of real estate entrepreneurs will invest more

This year, 51% of real estate entrepreneurs will invest more

51.9% of companies in the real estate sector have expressed that the investments they will make during this year will be greater than those made in 2021, according to the survey carried out by the Association of Real Estate Companies of Peru (ASEI) to 54 companies in the sector .

In detail, 25.9% of businessmen stated that the investment made would grow by more than 10% compared to 2021, while the other 26% stated that their level of investment will increase between 2.5% and 10%.

Ricardo Arbulú, president of the ASEI market analysis committee, highlighted the results, since it is the promoters themselves who are expressing their intention to develop new projects.

However, he specified that this improvement in expectations would only be reflected between 9 and 12 months. This is because the maturation cycles of a real estate project are long.

Thus, Arbulú explained that first there is the search and selection of land (which can last up to four months), the approved project that can last another three months, followed by the structuring of the project with the bank and financing, and then the launch of the project.

The study also revealed that 40.7% of real estate companies indicated that their investments will be the same as last year. While only 7.4% expressed that their level of investment will be lower than in 2021.

home value

Regarding the price per square meter of housing, 70.4% of real estate entrepreneurs indicated that it would rise in the next six months.

In this regard, Arbulú projects that the price per square meter of housing in metropolitan Lima and Callao would rise by up to 6% at the end of the year.

It is worth mentioning that last January the value of the square meter of housing was S / 6,594, which meant an increase of 11.9% compared to the same month of 2021. This increase was the product of the increase in the exchange rate during the last year, which caused the cost of construction to rise.

“We estimate that the price of housing will grow by 6%. Although real estate companies now have an expectation of a greater increase due to the pressure they have had for the dollar, what is going to happen in the market is that this increase in the price of housing will be in a single digit, in a more limited way. . I don’t think house prices will fall,” he pointed out.

sales expansion

The real estate union also reported that 1,115 homes were sold in the first month of the year, a drop of 5.4% compared to January 2021. Modern Lima, which is home to the districts of Jesús María, San Miguel, Magdalena, Surquillo and Pueblo Libre , was the sector that led real estate placements.

Despite this, it is expected that in February and March this figure will be higher. In this way, it is projected that at the end of 2022 around 15,600 homes would be sold, which represents 5% more than what was sold the previous year.

Data

Expectation. 77.8% of real estate companies expect their sales in 2022 to be higher than those of 2021.

Available. The supply of housing amounts to 27,169, with 7.8% in immediate delivery.

Opinion

“Almost 52% indicate that they are going to invest more, the promoters themselves point this out. There is a 25% that says that their investment will grow by more than 10%, then there is a 13% that their investment will increase between 2.5% to 5%”.

Ricardo Arbulú, executive of ASEI

Source: Larepublica

You may also like

Hot News

TRENDING NEWS

Subscribe

follow us

Immediate Access Pro