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Peru’s Real Estate Boom

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Peru's real estate did not suffer from the global crisis and is expected to continue expanding at strong rates.

BY TYLER BRIDGES

LIMA —  Fernando de la Flor had a range of investment options after he sold the McDonald’s franchises in Peru two years ago.

De la Flor decided to invest in real estate in Peru.

Peru’s residential and commercial real estate markets have been booming for several years, the country is enjoying an unprecedented run of political stability, and analysts expect the good times to continue.

One reason is that Peruvians such as de la Flor are keeping their money at home, eschewing the traditional path of plowing their cash into the United States.

“Peru is one of the most open economies in the world,” said de la Flor. “There’s really not any reason that Peruvians should have their savings abroad. After the global crisis, people are coming to the conclusion that it’s safer to have your money closer to you.”

WIDESPREAD BOOM

The signs of the real estate boom abound in Peru. In middle class neighborhoods, apartment buildings ...



Keywords: Colliers International, Ingeneria de la Construccion

 

 

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