Peru leads home price increases in the region over Chile, Brazil and Colombia

International consultant highlights that interest rate increases and changes in property taxes are contributing to slower growth rates in property prices.

RIO DE JANEIRO, BRAZIL - Peru ranked among the 20 countries globally with the highest growth in housing prices in the last twelve months, according to the international consulting firm Knight Frank, which compares average values in 56 nations and territories.

The country recorded a 13.4% increase in the average value of houses and apartments between the third quarter of 2021 and the same period of 2020, ranking 16th among the territories with the highest increase based on Knight Frank's Global House Price Index for the third quarter of last year.

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