Peru Real Estate Report Q4 2010: New research report available at Fast Market Research

New Business research report from Business Monitor International is now available from Fast Market Research
 
Oct. 7, 2010 - PRLog -- The global financial crisis and the subsequent contraction in global trade had virtually no impact on Peru's commercial Real Estate sector. At the end of 2009, vacancy rates were running at around 15-20% in Lima and were even higher in Arequipa. However, demand for commercial property, across all subsectors, was still growing strongly. When we interviewed them in early and mid-2010, our in-country sources indicated that the real estate sector was benefiting from the export-led growth of Peru's economy.

Peru was also benefiting from the improvement in investors' appetite for emerging markets risk. Investment in the commercial real estate sector is growing. Several new and high-profile projects in Lima will add much needed office space in that city. There is every sign that the new space will be absorbed.

The net result is that neither rents nor yields have moved much over the last two years or so. Our sources indicate that rents fell slightly in 2009, and have since moved sideways. They expect that rents will rise by single digit amounts over the course of 2011. Yields appear to have risen slightly over the last two years - apparently as a consequence of slippage in capital values. We think that it is reasonable to look for yields to fall slightly, returning to 2008 levels, over the next four years or so.

Key Features Of This Report

This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. Once again, the questions that we seek to answer for each country remain as follows: What are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries?

In Q3 we have introduced a very substantial new improvement to the reports. We have incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors - office, retail and industrial. We have also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report.

In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data by way of a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014.

We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Forecast Scenarios.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87260_peru_real_estate_report_...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- Peru Real Estate/Construction SWOT
- Peru Economic SWOT Analysis
- Peru Business Environment SWOT Analysis
Regional Real Estate Overview
- Table: Latin American Office Markets At A Glance - Rental Costs, 2009-2011 (US$ per m2 per month)
- Table: Latin American Retail Markets At A Glance - Rental Costs, 2009-2011 (US$ per m2 per month)
- Table: Latin American Industrial Markets At A Glance - Rental Costs, 2009-2011 (US$ per m2 per month)
Real Estate Market Overview
- Table: Peru's Real Estate Markets - Rentals, 2008 And 2009 (msq per month, US$)
- Table: Peru's Real Estate Markets - Net Yield, 2008 And 2009 (%)
- Table: Peru's Real Estate Markets -Terms Of Contract/Lease
- Table: Peru's Real Estate Markets - Available And Vacant Space
Forecast Scenario
- Real Estate Outlook
- Table: Peru's Real Estate Markets - Rentals, 2009-2011 (msq per month, US$)
- Table: Peru's Real Estate Markets - Net Yield, 2008-2014 (%)
- Construction Industry Outlook
- Table: Peru's Construction Industry, 2007-2014
- Peru's Macroeconomic Outlook
- Table: Peru - GDP By Expenditure, 2007-2014
Real Estate/Construction Business Environment Rating
- Real Estate/Construction Business Environment Ratings
- Table: Latin America Business Environment Ratings
- Latin America Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Peru's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Foreign Direct Investment Inflows Into Latin America, 2006-2008
- Table: Trade And Investment Ratings
Company Monitor
- Abengoa
- Cemento Andino SA
- Cementos Lima
- Cementos Pacasmayo
- Centros Comerciales del Peru (CCPSA)
- Cosapi
- Grana y Montero (GyM)
- Inversiones Centenario
- Los Portales SA
- Negocios e Inmuebles SA
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=8726...

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 http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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