Panama: 10% annual growth projected for real estate pricesAccording 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.Monday, May 12, 2014
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%. Source: Capital.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Housing: How Much Could Prices Fall?July 2020 Entrepreneurs in the real estate sector estimate that in the Panamanian market the prices of homes in inventory could fall between 5% and 10%, due to the economic crisis resulting from the outbreak of covid-19. Real Estate Market is Saturated?October 2018 It is estimated that it will take about seven years to commercialize, through the usual channels, the over-supply of between 500,000 m2 and 600,000 m2 that currently exists in the real estate market in Panama. Panama: Building Permits Up 17%May 2014 In the first three months of the year the value of requests for building permits amounted to $479 million, with the district of Panama being the area with the greatest concentration of projects. Panama: Investment Boom in Luxury Offices ContinuesJune 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.
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