The Residential Real Estate Transactions market in Peru has been experiencing significant growth in recent years. Customer preferences in the market have been shifting towards more modern and luxurious properties. This can be attributed to the increasing wealth and disposable income of the population, as well as changing lifestyle preferences. Customers are now looking for properties that offer modern amenities, such as swimming pools, gyms, and smart home technology. Additionally, there is a growing demand for properties in prime locations, such as urban centers or coastal areas, where residents can enjoy easy access to amenities and recreational activities. One of the key trends in the market is the rise of real estate investment. Investors, both domestic and international, are recognizing the potential for high returns in the Peruvian real estate market. This trend is driven by factors such as low interest rates, a stable economy, and a favorable regulatory environment. Real estate investment is particularly popular in cities like Lima, where there is a high demand for rental properties due to urbanization and a growing middle class. Another trend in the market is the increasing popularity of sustainable and eco-friendly properties. Peru is known for its natural beauty and biodiversity, and there is a growing awareness among customers about the importance of preserving the environment. As a result, there is a demand for properties that are built using sustainable materials, incorporate energy-efficient features, and utilize renewable energy sources. Developers are responding to this trend by incorporating green building practices into their projects. Local special circumstances in Peru also play a role in the development of the Residential Real Estate Transactions market. The country has a large informal economy, which has traditionally made it difficult for individuals to access formal banking services and obtain mortgages. However, in recent years, the government has implemented initiatives to promote financial inclusion and improve access to credit. This has made it easier for individuals to finance the purchase of properties, which has contributed to the growth of the market. Underlying macroeconomic factors have also influenced the development of the Residential Real Estate Transactions market in Peru. The country has experienced a period of sustained economic growth, which has increased the purchasing power of consumers. Additionally, low inflation and interest rates have made it more affordable for individuals to invest in real estate. The government has also implemented policies to attract foreign investment, which has further stimulated the market. In conclusion, the Residential Real Estate Transactions market in Peru is experiencing growth due to changing customer preferences, increasing real estate investment, the popularity of sustainable properties, local special circumstances, and favorable macroeconomic factors. These factors are expected to continue driving the growth of the market in the coming years.
