Analysis of Panama's Real Estate Market

7.656 new homes have been sold since September 2008, netting $861 million.

Friday, September 11, 2009

These figures were published in a study covering supply, demand, and prices of homes in Panama, which was presented at the Forum "Panama's Real Estate Industry, Present and Future".

In the study, it is also stated that "currently, Panama has 450 projects with 13.494 available units, summing 1.536.512 square meters", repoted Pa-Digital.com.pa. "46% is in pre-sale stage, 53% being built, and 1% is completed".

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Real Estate Expo 2011 in February

October 2010

Acobir Real Estate Expo 2011 will take place from February 2nd to 6th at the Atlapa Convention Center of Panama.

Osvaldo Marchena, president of the Panamanian Association of Brokers and Real Estate Developers (ACOBIR), expects to exceed $ 60 million in sales.

The executive stated to Pa-digital.com.pa, "...the activity provides an inventory of properties in pre-sale stage, seconds, lots for housing developments, recreational projects, commercial projects and advisory services for investors."

Housing Fair in Panama in 2014

September 2013

The Panamanian Association of Realtors will be holding a housing trade fair from January 29 to February 2, 2014, in which they expect there will be transactions of $150 million.

"Housing fairs have become the best commercial showcase for those wishing to acquire their own home in Panama ..." reported Panamaamerica.com.pa.

Panama: 10% annual growth projected for real estate prices

May 2014

According to companies in the sector, the increase in prices of construction materials and the salary adjustment of workers is increasing the final price of homes.

The annual average increase in the final price of the homes to be sold over the next four years in the country, including those currently under construction, has been calculated at 10%.

Panama: Investment Boom in Luxury Offices Continues

June 2013

During the first six months of 2013, the Class A office market remained highly dynamic, mainly in the Banking area and Costa del Este.

A market study prepared by CBRE Offices Panama, recorded a total of 400,104 square meters under construction in the office market, of which 379,000 are Class A and luxury offices, while 20,685 are Class B and C offices

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