Real estate mood in Peru improves sharply

All items the GRI Barometer survey evaluated indicated a significant evolution from 2018 to 2019.

March 20, 2019Real Estate

The mood of real estate entrepreneurs and real estate investors operating in Peru improved sharply in early 2019 compared to a year ago. All items the GRI Barometer survey evaluated indicated a significant evolution in the period. 

The biggest of them was with regard to expectations for the real estate market in the country. More than 77% of those the GRI Club listened to expect performance to improve in the near future, 30 percentage points above the 2018 mark. An exactly equal group, 77%, say they expect favorable results from their companies, up more than 10 percentage points compared to 2018.

Most of the players (69.44%) report that their companies are currently investing in and/or expanding business locally. A year ago, this figure was below 45%. The segments considered as most attractive in the country today are residential, offices, and warehouses.

Economic performance

When the subject is the performance of the Peruvian economy, 51.43% expect improvements (compared to 36.36% in 2018), and 48.57% believe the current performance will be maintained. 

The GRI Barometer periodically captures the mood of the real estate market leaders in various parts of the world. For this survey, the GRI Club listened to 256 players working in Latin America during February, 36 of whom specifically active in Peru. Last year, GRI Barometer data were released in the GRI Magazine, in a story that called attention to a stance of caution, particularly because of the political crisis Peru was going through.

See details of the GRI Club Real Estate Peru Barometer

Check out the GRI Barometer results for others Latin American countries surveyed in 2019:

Latin America GRI 2019

Real estate industry prospects, business and investment opportunities and trends that are likely to drive the market in Latin America will be under debate at Latin America GRI 2019, which will be held in New York on March 27 and 28. Check out the program and find out how to participate alongside the main names of the real estate industry in the region.