Housing and reconstruction

Peru has a population of almost 26 million people, concentrated mostly on the coast and to a lesser degree in the mountains and selva. An important sector of the population lives in areas with high seismic risk level, located in the departments of Tumbes, Piura, Lambayeque, La Libertad, Ancash, Lima, Ica, Moquegua, Arequipa, Tacna, Ayacucho, Cusco, Puno, San Martín and Amazonas.

The housing shortage in Peru in 2001 was estimated at 1,300,000 units, of which 77% represent inadequate housing dwellings and 23% missing. This situation resulted in a demand for 110,000 new housing units per year.

The vast majority of the population has not had access to private housing. Around 42% of the population in need of housing live in extreme poverty, and low socio-economic status represents about 26%. Together they add up to 68% of the population whose housing demand can not be satisfied by the private sector, given the expectations of gain from them.

The housing market, in general terms, exhibits a triple segmentation, according to the key players involved and the type of capital they use, could be classified as follows: formal private sector, government sector and informal sector subsidized and institutional.

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