Home sales in Lima have shown a decline of almost 8% (see graph) at the end of the third quarter of the year compared to 2022, reported the Peruvian Chamber of Construction (Capeco). Likewise, compared to the second quarter, the drop was -17%. In detail, in the acquisition of new housing (AVN) of the Techo […]
Tag: Real estate
Construction would fall 6.4% at the end of 2023
The construction sector would only recover towards the second quarter of 2024, as reference rates ease and 2023 closes with a modest growth of 6.4% leveraged by the completion of prevention works due to El Niño, Scotiabank said. According to the Canadian Capital Bank, the 9.6% drop in August and the 9% annualized contraction portend […]
Controversy over social housing in top areas of Lima
Seven real estate projects and more than fifty in the preliminary project stage confront construction unions and the municipalities of San Isidro and San Borja, after the latter decided to bow to a recent ruling by the Constitutional Court (TC) that returns to them the jurisdiction of decide where a social interest home (VIS) is […]
Chinese real estate sector: fears of contagion grow and liquidity crisis grows
The largest private property developer in China, Country Gardenintends to delay the payment of a private bond for the first time onshorethe latest sign of the suffocating shortage of liquidity in the real estatewhich puts pressure on Beijing to intervene. Adding to concerns about contagion risk, Zhongrong International Trust Co, a major Chinese trust company […]
1 in 4 Lima buys homes from S/350,000 to S/550,000
During the first months of 2023, searches to buy properties in Lima have remained above 50%, while the demand for rentals —for May— reached 49%, according to the latest real estate market report. urbania. Among the types of residences most in demand are apartments (60%), followed by houses (24%) and land (12%). Likewise, the five […]
UNESCO will evaluate Valparaíso in September, after 20 years as a World Heritage Site
The Unesco will review in September the state of conservation of the historic center of Valparaisodeteriorated due to the lack of maintenance of numerous buildings emblematic, revealed the aforementioned institution on the eve of this Sunday marking the 20th anniversary of its declaration as World Heritage. According to officials from the United Nations Educational, Scientific […]
What are the districts of Lima that increased the most in price to rent a home?
During the last 12 months, the rental price of homes in the capital has increased, to the point of reaching its all-time high: S/2,900 for a department of 100 square meters, according to a report from Urbania. Which are the districts of Lima whose rental prices rose more? We tell you here. According to the […]
Bet on “nearshoring” in Mexico boosts real estate and transportation shares
The optimism of investors in the face of a possible boom in the phenomenon nearshoring in Mexico is leading them to buy local shares in real estate, transport companies and banksanalysts said, in an attempt to take advantage of the wave of signings Americans that settle in the north of the country. The trend has […]
Sunafil recommended imposing 250 fines on companies for failing to pay utilities
After a series of complaints and routine operations against companies in the regions of La Libertad, Arequipa and Cusco; the National Superintendence of Labor Inspection (Sunafil) generated 250 infractions for the matter of non-compliance in the payment of utilities in favor of the workers. These results were the product of the actions taken against companies […]
Housing prices rose in 2023: how much do they cost according to square meter and district?
The price of homes per square meter rose 6.75% in Metropolitan Lima and Callao during the past 12 months, according to a study by the Association of Real Estate Companies of Peru (ASEI). Which districts reported a higher rise and how much does a 60-square-meter house cost on average? We tell you here. A year […]