Peru has experienced steady growth in its construction industry since the late 20th century, driven by rising incomes, higher public and private investment from economic growth. This growth is due to increased domestic demand from population and economic growth, higher private investment supported by public investment, and improved access to financing for housing. Housing construction has increased particularly for low and middle income families through government programs. In 2012, over 44,000 housing units were constructed, a 10.9% growth, with over 21,000 homes sold in Lima alone. The construction boom is expected to continue attracting financial investment.

1. THE BOOM OF THE CONSTRUCTION
INDUSTRY IN PERU
By: Manuel Altamirano

2. Peru lives since the end of the last decade of the twentieth
century a steady growth in the construction industry, driven
mainly by rising household incomes, higher public and
private investment, both direct consequence of the growth
economic and also by improving financing conditions for the
acquisition of public housing

3. WHY THE CONSTRUCTION GROWTH?
 The expansion of domestic
demand as a result of increasing
population and economic growth
 Increased private investment, well
supported by the public.
 Construction of houses and
shopping centers, favored by the
conditions of access to financing
mortgages promoted by the state
and other private financial sources.

4.  Increased demand for housing
responds to the growing number
of families with higher incomes
and capacity to purchase
mortgages, also the affordable
interest rates and shares.
 Large number of housing
projects primarily for low and
lower middle class that is
increasing very significantly
thanks to the performance of
popular housing programs as
My Home, Own Roof, among
others.

5. Figures
Construction growth rate %
20
18
16
14
12
10
Construction
8 growth rate %
6
4
2
0

6.  In recent years has been built, expanded or improved
tens of thousands of homes in the country, which were
placed predominantly in the area of ​the middle class in
apparent ascent.
 The building intended for middle and upper middle class
population is mainly aimed at apartment buildings.

7.  The total construction of
houses and apartments
totaled 44,215 units in
2012, a figure which showed
a growth of 10.9%.
 In Lima 21 990 homes were
sold in 2012, the highest
number in the last 17 years.
 There is a deficit of $ 50
billion in infrastructure.

8. No doubt that the booming construction industry in our
country is underway and its dynamism is felt
everywhere. Henceforth it is estimated that the growth
and potential of the construction market in Peru will
progressively open an important way to internal and
neighboring countries financial investments.