After four consecutive months of growth, the sector construction It fell around 4.3% in November, estimated the Peruvian Chamber of Construction (Capeco).
Look: CONFIEP: “Increasing the minimum wage is political”
This would be the worst result since the same month last year, when it contracted by 8.05%. In this regard, the director of Capeco, Guido Valdivia, stated that the decline responds to lower cement consumption since “after 11 months of growth, public works would have contracted.”
In that sense, he pointed out that, although in October the companies in the sector estimated a growth of 3.6%, today they project that the advance will be only 3.2%.
For next year, he specified that there is a little more optimism (3.5%). However, he warned that there are factors that can affect the item, such as the fiscal deficit, which according to the BCR projection would close the year at 3.7% of the gross domestic product (GDP). This situation, as detailed, would negatively impact the progress of public works.
REAL ESTATE MARKET
On the other hand, Valdivia pointed out that between November 2023 and October of this year, mortgage loans registered an increase of 4.2%, of which those loans financed with resources from the financial institutions themselves (IFIS) registered a better result.
Look: Luxury tourism has an opportunity in Peru
“There were factors that affected Mivivienda’s placement levels this year. For example, we ran out of resources during the year, which prevented continuity in the process. Also due to the conflicts with some municipalities over social housing,” he highlighted.
The representative of Capeco revealed that by 2025, the sale of non-social housing is expected to grow around 5.6%, while social housing by 0.4%.
Take advantage of the NEW EXPERIENCE, receive our enriched digital newspaper by mail and WhatsApp. Peru21 ePaper.
Now available in Yape! Find us at YAPE Promos.
RECOMMENDED VIDEO
