From Peru To Cebu
Property figures into today's word watch, and an unlikely piece on Peru.
Experts estimate there are over 24,000 holiday homes on the southern coastline down past Lima.
Sales pace in resort project of 15 units a week? Hotel branded real estate. Apparently it's a property market on steroids
Development costs are not unlike our own Phuket, quoted in the piece at USD1,000 to 1,5000 per square meter.
As prices soar, rental returns are touted.
Seems down south in Peru,
Asia's stirring past decade resort property story is playing to the music.