Property to live in or rentals are more reasonable. The real estate curve for Peru started in 2007, and stabilized in 2010 and there is currently an economic deceleration, because of 2 factors: 1. US- FED Quantitative Easing (QE), 2. China's is on the brink of a credit bust (a number of major chinese investment banks in default). Now if you want to purchase for rental income it may be a good idea(Long Term). As The Sol depreciates, foreign currency appreciates and vacation and tourism should be more attractive. I would do the research, I am personally looking for an apartment in Lima to rent out and to visit. But I am cautious about pulling the trigger until a correction or economic deceleration has passed.I am no experts, but these are strong indicators. Investigate and do your due diligence.
GDP Growth Rates:
10.4__ 9.3__7.7__ 7.7 China
Note: January 2014, GDP grew 4.23 % in Peru
Credit card delinquencies on record high
Friday, March 7, 2014
According to the Association of Banks, the delinquency rate of plastic money is rising steadily since April 2011. Experts warn risks.
Foreign direct investment in Peru fell 17% to reach U.S. $ 10.172 billion last year
Saturday, March 22, 2014
While the trend has been positive in recent years, this slip shows that economic growth will not be maintained by inertia. "The idea is absurd autopilot" criticized ComexPerú.