In Peru, the government announced that inflation had slowed in January to just 0.22 per cent. This was down from 0.45 per cent in December. Peru's necessary imports of products like wheat and other foodstuffs behind most of inflation there.
The central bank's goal inflation rate on an annual level is 2 per cent, with a one point up or down tolerance band. Peru's inflation is one of the lowest in South America's larger countries.
On another note, Peru's tourism industry seems to be its backbone in fighting poverty there. Tourism has played a major role in the economy of the country. Now, there is expansion on many fronts.
Hilton Hotels Corporation is set to open a five star resort in Paracas. As part of this complex, which will be 14,000 square meters large is an offer to investors looking for a quality investment into the area. For about US $95,000 investors can purchase suites that will be part of the hotel. The hotel is have 124 luxury suites, two restaurants, a gym with spa and sauna as well as pools a convention setter and a pier for water sports.
Real estate prices as a whole in Peru have risen. There is a higher demand for property here. The main benefit has been commercial real estate as the demand for administration facilities and production plants has risen.
Property values will like continue to rise here, based on the stabling economy. More so, the number of foreign investors continues to rise as Peru's property market continues to grow.
