property developers According to their estimates, on average, home prices will rise by 2.41% between December 2018 and May 2019, which is higher than forecast in October last year (1.17%), which was reported today. Peruvian Building Chamber (Capeco).
“Over the next few months, growth is expected (house prices) slightly higher than inflation,” said the executive director of Capeco. Guido Valdivia ,
He explained that when there is no housing supply at low prices, then the average price of housing tends to increase.
In this sense, he pointed out that 83% of promoters surveyed by Capeco believe that housing prices will rise until May 2019.
Of this total, 10% of respondents expect prices to rise between 5% and 10%, 29% predict an increase from 2.5% to 5%, and 4.3% predict an increase of 2.5%.
While the remaining 17% of respondents estimate that housing prices will remain stable.
He pointed out that last year housing prices rose by 2.37%, which is slightly higher than predicted in a survey conducted in June (2.03%).
Sales are growing
Developers expect housing sales to grow by 4.18% on average during the first two months of 2019 compared to the same period of the previous year.
The segment of the Mivivienda divisions will have those indicators that will have the best indicators in sales with an increase of more than 5%.
According to Kapeko, this growth will be distributed to most companies, since 81% of them believe that sales in their projects will increase in the first two months of this year, of which 41% believe that such growth will be equal to or more than 5%.
In terms of units, home sales (in units) will increase by an average of 5.44% in the first two months of this year compared to the same period in 2018, which is a result of a 0.28% increase to 5.16%, an estimated two months ago.