Oversupply in housing in Guatemala
Zone 14 in the capital has the highest number of available apartments - 798 units valued at $249.95 million.
Friday, February 6, 2009
ElPeriodico.com.gt reports: "In the last three years, there was a boom in zone 14 with the expectation that people who grew tired of the traffic on the road to El Salvador, would return to the city. However, the crisis complicated things since banks are now putting more restrictions on credit," Matias Feucht, manager of Dommus Real Estate, explains."
The increase in residential real estate projects around the center of Panama City has doubled land prices in some areas in the space of five years.
The increasing preference for residences in central areas of the capital is generating business opportunities for developers in areas which have not yet been exploited.
Prices are rising, and some areas stand out above others for higher growth rates, with no signs of a housing bubble.
Building permits will no longer be awarded for urban development of medium and high density communities in Ancon and San Francisco, in the Panamanian capital.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar