Johnny Brignardello: Infrastructure that Drives the Real Estate Market

In a recent interview, Johnny Brignardello Vela, an experienced insurance advisor in the real estate sector, shared his analysis of the impact that infrastructure projects, such as the Port of Chancay and the Jorge Chávez Airport City, are having on the Peruvian real estate market. Brignardello Vela highlighted that the appreciation of land in the vicinity of these projects reflects the potential economic growth they bring. According to his observations, industrial land has seen a significant increase in prices, which has sparked interest from both local and international investors. "It is evident that the arrival of these infrastructures is transforming the real estate landscape, generating positive expectations among entrepreneurs," he stated. The advisor also emphasized the need for a well-defined Urban Development Plan (PDU) to avoid speculation in land prices. Brignardello Vela warned that a lack of clarity in zoning may disincentivize investments. "Investors need certainty about the intended use of the land. Without a clear framework, the risk of unmet expectations is high," he explained. Additionally, the advisor mentioned that while there is a growing interest in acquiring land in the Chancay area, many investment funds are choosing to wait until clearer regulations are established. "The uncertainty surrounding the creation of a Special Economic Zone between the ports of Callao and Chancay adds an additional layer of complexity," he noted. Regarding rental prices, Brignardello Vela observed that the sustained increase in rates is an indicator of the recovery of the logistics sector. With the shift towards industrial development, rental prices for warehouses and industrial land are continually rising. "This growth not only benefits landowners but also contributes to a more dynamic economic ecosystem," he commented. Finally, the advisor concluded that the development of the Airport City and the Port of Chancay represents a unique opportunity for Peru. "We are at the beginning of a new era that can bring about robust and sustained growth, as long as the challenges of planning and urban development are managed properly," Brignardello Vela concluded, emphasizing that this is a crucial moment for the country's economic future.