International New Homes
New homes in Peru
Overview of Peru
Peru has an enormous variety of landscapes due to its geographical conditions, which in turn gives a great diversity of natural resources. Valleys, plateaus and high mountains of the Andes are deployed to the desert to the west coast and the Amazon to the east.
The Andes mountain range divides the country roughly into three regions: coast, sierra and jungle. The coast is a flat desert strip and running parallel to the Peruvian coast, where one can find cliffs, peninsulas, bays and beaches. The saw is formed by the Andes. The forest, located to the east, is a vast plain covered with vegetation. It is almost 60% of the land surface.
Unlike other equatorial countries, Peru does not have an exclusively tropical climate, the influence of the Andes and the Humboldt Current attach great climatic diversity to country, with an average temperature of 18 ° C.
Investing in Peru
In Peru have established different bases that can attract foreign investment and ensure equal treatment with domestic investors, increase the security of investments and guarantees of legal stability for investors.
The main reasons to invest in Peru are:
- Sustained economic growth over the past 8 years.
- Modern and stable legal framework.
- Increasing participation in the global market.
- Vast natural resources and diversity of climates.
- Sectors with high growth potential.
- Strategically located in the South American Pacific.
The sectors with the greatest interest to foreign investors are:
- Transport infrastructure, especially roads and airports.
- Energy sector, whose main needs are linked to the construction of pipelines, electrical transmission lines and renewable energy.
- Telecommunications for the deployment of broadband throughout the country.
- Real estate sector is emerging as an important driver of the Peruvian economy.
- Service sector, mainly by the needs of major projects that have previous consultancy studies.
Real estate market in Perú
The real estate market in Peru has boomed significantly, becoming the main driving force of the Peruvian economy.
The building of homes and shopping centers are favored by the conditions of access to financing through mortgages promoted by the state and other sources of financial system.
Competition of the mortgage provides an improvement in credit conditions offered by lenders, with the extension of terms and attractive interest rates.
Due to the continuity of government housing programs and the large investments made by construction companies to strong demand from the population, it is intended that the mortgage financing provided by banks continue to expand.
The demand for housing has been fueled by rising household income, credit facilities to buy a home (lower interest rates and longer terms) and the housing shortage that exists in Peru.
On the supply side, real estate shows attractive because it offers high returns and the highest proportion of homes are sold before completion, reducing the financial cost of the builder.
Useful links
- Proinversión - Private Investment Promotion Agency in Peru
- Peru on Wikipedia
- Turism in Perú (in Spanish)
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