New Report Available: Peru Real Estate Report Q3 2014

Peru's real estate sector will sustain its growth over the next few quarters with high demand across all sectors; office, retail and industrial as well as low vacancy rates in both Lima and Arequipa. The country's investment in new infrastructure projects and Peru emerging as one of the strongest economic players in Latin America are positive drivers for this forecast.

BMI forecasts 5-8% net yields on investments across the office, retail, and industrial real estate in all cities surveyed, with the strongest numbers in the office sector. Peru's plans to award a record USD12bn in infrastructure projects contracts provide a critical push to sustain its current and future growth forecasts. Presently, Peru has a substandard infrastructure which deters trade and investment. However, the low base of infrastructure provides plenty of opportunities and scope for growth that may encourage international companies to set up base in Peru.

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In the period up to 2016, the Peruvian government is expected to invest USD20bn in infrastructure projects including the Longitudinal de la Sierra highway, the creation of the second Lima metro system and the expansion of Callao's Jorge Chavez international airport. In particular, investments such as the second Metro line as well as the expansion of the Metropolitano Bus Rapid Transit network will put upward pressure on rents in Lima.

These projects will inevitably have a knock-on effect on the price of and demand for commercial real estate. As evidenced by Lima's exceptionally low office vacancy rate, there is already a large demand for office space as international companies scramble to set up operations in Peru. The demand for office space, is obviously dependent on the continuing development of Peru's mineral sector. Rental rates are expected to remain stable for remainder of 2014 owing to high demand and moderate supply. The under construction projects will add another 1,300,000 square metres (sq m) of office space by...

The Peru Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Peru Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Peru.

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