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January 27, 2022
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Construction sector continues to lose dynamism

Construction sector continues to lose dynamism

Despite the fact that in 2021 it was one of the most dynamic activities, this year the it would not grow even 1%, and could even close in the red. Thus, the Peruvian Chamber of Construction (Capeco), projected that the advance of this sector would be only 0.3%.

Guido Valdivia, union representative, recalled that even Macronsult expects a decline of 7.8%. Likewise, he indicated that the slowdown has been observed since the last quarter of 2021, a period in which he estimated it would have fallen 10.5% due to the lower progress of public works..

He indicated that among the factors that are needed for further progress, or at least not to close in the red, is the dictation of measures to guarantee the continuity of public works and greater resources for housing subsidies.

To date, he specified have been assigned to Techo Propio and S/1,290 million for 2022, a figure that is S/383 million less than 2021, which would affect the placement of these credits.

Real-estate market

On the other hand, Ricardo Arbulú from the Association of Real Estate Companies of Peru (ASEI), reported that the price per of homes in Metropolitan Lima will grow between 5% and 6% this year. In 2021 it was S/6,600.

He indicated that in 2021, 14,900 formal homes were sold in the analysis area, and that for this year an advance of 3% would be expected.

Keep in mind

-According to ASEI, most of the real estate supply in the country is flat, and another large percentage is under construction. To a small extent they are ready for delivery.

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