DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/129996/peru_real_estate_r) has announced the addition of the "Peru Real Estate Report Q1 2012" report to their offering.
The outlook for Peru's property market is positive, underpinned by strong economic growth and rising domestic consumption combined with low unemployment. However, deteriorating global economic growth, and a consequent higher aversion to riskier assets by global investors, could present risk to our optimistic forecasts over the next year or so. Peru is export-dependent and therefore would be adversely affected by a double-dip recession or in particular a hard landing in China, its second largest export market.
Key Opportunities In The Real Estate Market:
- Real GDP growth in Peru is forecast by BMI to be at 6.7% in 2011 and 5.8% in 2012. Economic growth is being largely driven by domestic consumption, business confidence, exports and construction. This backdrop provides strong support for property demand.
- According to a recent survey by Global Property Guide, Lima is a spectacular' destination for buy-to-let properties, with high rental yields of 10-11%. Public accolades of this kind could increase commercial investor interest in both the city and the country as a whole.
- Peru ranks first in Latin America for improving business regulation, according to a November 2010 report by the International Finance Corporation and the World Bank. Peru has moved up 10 places in the global ranking of 183 economies.
- China has made significant trade inroads into Latin America, largely as a result of its appetite for minerals. Among other partnerships in the region, China has become Peru's second largest trading partner for imports and exports, after the US, as of December 2010.
Companies Mentioned:
- Abengoa
- Cemento Andino
- Cementos Lima
- Cementos Pacasmayo
- Centros Comerciales del Peru (CCPSA)
- Cosapi
- Graa y Montero (GyM)
- Inversiones Centenario
- Los Portales
- Negocios e Inmuebles
For more information visit http://www.researchandmarkets.com/research/129996/peru_real_estate_r