2013-02-03 08:28:48 - Recently published research from Business Monitor International, "Peru Real Estate Report Q1 2013", is now available at Fast Market Research

The Peru Real Estate report examines the commercial office, retail, industrial and construction segments throughout the country in the context of increased risk across political, economic and security spheres.

With a focus on the principal cities of Lima and Arequipa, the report covers the rental market performance in terms of rates and yields over the past 18 months and examines how best to maximise returns in the commercial real estate market, while minimising investment risk and exploring the impact of strong economic growth and rising demand. Our growth outlook for Peru's commercial real estate sector over the next few years remains relatively strong due to robust infrastructure and mining sector project pipelines and a growing consumer story. Construction has proved particularly

resilient since a dip in activity in mid-2011. However, the current market is not all positive, and our latest data collection covering market performance over H112 has revealed less than impressive year-on-year (y-o-y) results, albeit in the aftermath of a particularly strong start to 2011.


Full Report Details at
- www.fastmr.com/prod/529446_peru_real_estate_report_q1_2013.aspx


Key Points:

* While we anticipate headline growth in Peru to slow in the coming years, as China's hard landing feeds through into a more moderate expansion of the mining sector, we continue to expect the country's economy to remain one of the most dynamic in Latin America. Moreover, we see a number of interesting investment opportunities at the sector level.
* We have previously highlighted the risks to investment in Peru which could derail billions of dollars of planned infrastructure investment. Growing instances of violent protests opposing development projects could deter much needed private and international investment. The recent suspension of a new airport project illustrates our concerns.
* Peru's construction sector has experienced strong growth over the first half of 2012, prompting us to revise up our full-year 2012 real growth forecast to 12% y-o-y. High value investment plans to expand Peru's infrastructure over the next five years should continue to drive strong growth; however, cracks in the business environment cannot be ignored and may erode growth potential over the medium term.
* Following strong economic data in the year to date, as well as indications that private consumption and fixed investment will bolster economic activity more than we had previously expected in the next few years, we have revised up our 2012 and 2013 growth forecasts for Peru. We now forecast real GDP growth of 5.6% (from 4.8%) in 2012 and 5.2% (from 4.8%) in 2013.

Report Table of Contents:

SWOT Analysis
- Peru Real Estate/Construction SWOT
- Peru Political SWOT
- Peru Economic SWOT
- Peru Business Environment SWOT
Real Estate Market Overview
Real Estate Market Analysis - Office
- Supply And Demand
- Rents And Yields
- Table: Historic Office Rents, 2011-2012 (US$/m2 a month)
- Table: Net Office Yields, 2011-2012 (%)
- Table: Terms Of Office Rental Contract/Lease, H112
- Industry Forecast Scenario
- Table: Forecast Office Rents, 2012 (US$/m2 a month)
- Table: Forecast Net Office Yields, 2010-2017 (%)
Real Estate Market Analysis - Retail
- Supply And Demand
- Rents And Yields
- Table: Historic Retail Rents, 2011-2012 (US$/m2 a month)
- Table: Net Retail Yields, 2011-2012 (%)
- Table: Terms Of Retail Rental Contract/Lease, H112
- IndustryForecast Scenario
- Table: Forecast Retail Rents, 2012 (US$/m2 a month)
- Table: Forecast Net Retail Yields, 2010-2017 (%)
- Table: Peru Retail Sales Indicators
Real Estate Market Analysis - Industrial
- Supply And Demand
- Rents And Yields
- Table: Historic Industrial Rents, 2011-2012 (US$/m2 a month)
- Table: Net Industrial Yields, 2011-2012 (%)
- Table: Terms Of Industrial Rental Contract/Lease, H112f
- Industry Forecast Scenario
- Table: Forecast Industrial Rents, 2012 (US$/m2 a month)
- Table: Forecast Net Industrial Yields, 2010-2017 (%)
Forecast Scenarios
- Infrastructure Report
- Table: Peru Construction And Infrastructure Industry Data, 2010-2016
- Table: Peru Construction And Infrastructure Long-Term Forecasts, 2015-2021
- Construction and Infrastructure Outlook and Overview
- Macroeconomic Outlook
- Table: Peru - Economic Activity
Real Estate Risk/Reward Ratings
- Real Estate/Construction Risk/Reward Ratings
- Table: Real Estate Risk/Reward Ratings
- Peru's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Institutions
- Table: BMI Legal Framework Rating
- Infrastructure
- Table: Labour Force Quality
- Market Orientation
- Table: Trade And Investment Ratings
- Operational Risk
Competitive Landscape
Company Profiles
- Abengoa
- Cemento Andino
- Cementos Lima
- Cementos Pacasmayo
- Centros Comerciales del Peru (CCPSA)
- Cosapi
- Grana y Montero (GyM)
- Inversiones Centenario
- Negocios e Inmuebles
Demographic Data
- Table: Peru's Population By Age Group, 1990-2020 ('000)
- Table: Peru's Population By Age Group, 1990-2020 (% of total)
- Table: Peru's Key Population Ratios, 1990-2020
- Table: Peru's Rural And Urban Population, 1990-2020
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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