VOICED: Peruvian housing boom prices out locals

Lima, Peru, is experiencing rapid economic growth, particularly in the building sector. The city offers a young and promising real estate market, attracting foreign investors due to its potential and various financing options. Despite high demand, the supply of housing is insufficient, with property values rising significantly. However, experts believe this growth is sustainable. Foreign companies, especially from Spain, are investing heavily, drawn by easy credit access and minimal trade barriers. Other Peruvian cities like Cusco and Arequipa are also gaining investor interest.

What is the average size of a building project in Lima?

• 65 homes

• 50 homes

• 100 homes

• 80 homes

How many properties were built in Lima in the second quarter of 2012?

• 20,000

• 15,000

• 25,000

• 30,000

By what percentage have property values increased in Lima over three years?

• 50%

• 60%

• 70%

• 80%

Which country has at least 20 companies investing in the Peruvian real estate market?

• United States

• Spain

• Brazil

• China

What is one of the reasons foreign investors are attracted to the Peruvian real estate market?

• High taxes

• Strict trade barriers

• Easy access to credit

• Limited market opportunities