Tuesday, July 19, 2016
“Housing prices, as reflected by the median apartment prices in Lima, appear high although the price increases since the second half of 2014 have been more subdued than in the previous four years (the average annual growth of apartment prices (in constant soles) from 2011 to first half of 2014 was 14 percent). This may not accurately reflect the segmentation in the market, where there is an oversupply of high-end condominiums in certain residential areas in Lima while low-income housing is in short supply”, says IMF’s report on Peru.
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