This has been put in a translator, so the grammar may not be correct.
Many of us saw it coming with the explosion of home building in Lima.
The sale of houses in Lima fell more than 23% in the third trimester of the year
0:15 | International the financial crisis has put in delay some projects, affirms real estate consultant
The international conjuncture begins to pass invoice to the sector construction of our country before which it was expected. Although it was considered that the financial crisis would reduce the forecasts of growth of the sector for the 2009, a quarterly study of the real estate consultant Tinsa reveals that the demand of houses in Lima was contracted 23.8% between July and September, with respect to the previous trimester.
The study, realised in 15 districts of Lima and the Callao, found that unlike the 3,613 units sold between April and June, during the third trimester of the 2008 were placed 2,752 houses. It is possible to specify that the districts where the sales were reduced in greater percentage are Jesus Maria (- 68%) and San Borja (- 57.5%).
To say of Gino Layseca, general manager of Tinsa, the financial crisis “has put in “stand by” part of the anticipated projects to be developed for the rest of the year and leaves from the 2009”.
It is important to clarify that, although the numbers can be worrisome, the analysts anticipated from before untying the crisis that the growth of the sector construction would tend to become stabilized to the loss; that is to say, below reported 16% in the 2007 and of 17.9% anticipated by the Peruvian Institute of Economía (IPE) for the 2008. It is more, the IPE esteem that in the 2009 sector will grow 10%, very over anticipated 6% for the GIP.
For Layseca, insofar as the country stays stable during the crisis, this position will help to the development and stability of the construction. But --it clarifies-- there is no guarantee of which the sector recovers the dynamism of the previous years.
The investigation of the consultant also established that the accumulated sale of houses until September reached the 10,213 units. If we unfolded the total number, we will see that the districts with better results in sales were Santiago de Surco (18.1%), Miraflores (16.4%) and Magdalena (11%).
The supply is reduced
- the supply of houses for the third trimester was of 3,451 units, bases inferior in 19,9% with respect to the previous trimester.
-the districts of Furrow, Miraflores and Magdalena concentrate 37.8% of the supply of houses, with 12.9%, 12.5% and 12.4%, respectively.
- In the first trimester of the year 3,848 houses in Lima were sold and the Pebble.
- the time to exhaust the supply of houses in Lima rose during the same period analyzed in 1,42 months; that is to say, it spent of 10.34 months the second trimester to 11.76 months.