16.12.2011 - Peru housing boom defies bubble worries
Falling mortgage costs, robust growth and confidence in President Ollanta Humala's economic team are propelling a real estate boom in Peru as more people pursue the dream of home ownership. Several years of sharply rising prices and construction activity have prompted skeptics to say they fear a bubble is forming. But policymakers and builders contend prices are still reasonable, the sector is not overrun by speculators and there is plenty of pent-up demand stemming from decades of underinvestment amid the instability of the 1980s and 1990s...............................................Full Article: Source
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