According to figures from the Peruvian Chamber of Construction (CAPECO), 80% of homes in Peru are informal constructions, this could bring future complications such as homes more likely to suffer serious damage from natural disasters. Besides, the Association of Real Estate Companies of Peru (ASEI) indicates that the costs of basic needs increase up to […]
Tag: Households
Own home: how many years would you have to work to acquire a property?
The Central Reserve Bank of Peru (BCRP) reported that, during the fourth quarter of 2021, the weighted average of median apartment sales prices per square meter in soles was S/ 5,104, which represents an increase of 1% compared to the same period of the previous year. While, the weighted average of median prices in current […]
About 52% of real estate companies will invest more than expected during 2022
A recent survey prepared by the Association of Real Estate Companies of Peru (ASEI) revealed that 51.9% of the companies in the sector have stated that they will invest more than what they had planned in new real estate projects during this 2022. “Nearly 52% indicate that, in terms of their level of investment, they […]
Itinerant Housing: more than 100 projects in Amazonas received technical assistance
The Ministry of Housing, Construction and Sanitation (MVCS) reported that a total of 43 municipalities in the region Amazon received technical assistance from professional teams from said ministerial office to carry out the technical files of 100 water, sanitation, road infrastructure and urban equipment projects. This is part of the Itinerant Housing strategy, in which […]
There are nearly 300,000 square meters of vacant prime offices in Metropolitan Lima
The office market in Metropolitan Lima currently has around 300,000 square meters (m²) of vacant prime offices, according to estimates made by Credicorp Capital. “If we exclude East Lima and focus on Magdalena, San Isidro Financiero, San Isidro Empresarial and Miraflores, we are talking about 218,000 m² of vacant prime office space,” said Juan Francisco […]
Amazonas: MVCS launches “Itinerant Housing” to carry out 100 sectoral projects
The head of the Ministry of Housing, Construction and Sanitation (MVCS), Geiner Alvarado López, announced the arrival in the Amazon region of “Itinerant Housing”, a sectoral strategy that places its professional teams at the disposal of municipal governments, in order to carry out sanitation and neighborhood improvement projects. “These works are part of a program […]
Nearly 15,000 homes were sold during 2021
In 2021, 14,990 homes were sold in Metropolitan Lima and Callao, an amount that exceeds by 26.6% what was observed in 2020 (11,839 units), reported from the Association of Real Estate Companies of Peru (ASEI). The group even stressed that despite being compared to a year where the economy suffered a sharp contraction due to […]
Housing: prices could rise if real estate companies do not establish a land replacement policy
After the real estate industry was negatively affected by the restrictive measures, the sector has managed to recover rapidly from mid-2020 to the end of first term of 2021, being one of the most dynamic items in the economic reactivation stage. Edmundo Lizarzaburu, professor of Administration and Finance at ESAN University, indicated that in the […]
Ministry of Housing executed about 96% of its budget for 2021
The Ministry of Housing, Construction and Sanitation (MVCS) executed 95.6% of its budget corresponding to fiscal year 2021. That is, a total of S / 3,523 million 100 thousand, which contributed to provide the neediest families with access to a social housing, as well as to better services of sanitation. Among the main activities carried […]
Construction sector would grow 16.2% compared to pre-pandemic levels
One of the sectors that has recovered its prepandemic levels the fastest is that of the construction. A reflection of this was the announcement that a growth of 35% is expected at the end of this year compared to that registered in 2020. Also, if we compare the performance it would have in 2021, this […]