The sector construction would have grown 7.5% in October, marking its best performance so far this year and consolidating its positive trend in the short term, revealed the Peruvian Chamber of Construction (Capeco).
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With this result, between January and October, the accumulated growth would be 4.5%, driven mainly by the 20.5% increase in the execution of public works, which was reflected in an increase in employment in the sector.
On the other hand, he noted that a more strategic approach is needed to unblock projects like Tía María, whose execution could significantly boost infrastructure investment in key regions. In addition, he highlighted the importance of strengthening the Works for Taxes (OxI) mechanism.
Likewise, he indicated that the housing market has benefited from the stability in the placement of mortgage loans, promoted by programs such as the MiVivienda Fund, which have allowed more families to access financing for the purchase of a home.
However, he warned that high interest rates, derived from inflation and the global economic context, represent a growing challenge for buyers. “It is necessary to implement measures that stabilize interest rates and promote greater financing facilities, so that market dynamics are maintained and access to housing is guaranteed for key sectors of the population,” the union added.
The union explained that business expectations within the sector remain optimistic and stressed the importance of implementing public policies that guarantee the continuity of this growth and mitigate the effects of economic uncertainty in the country.
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