Panama: Building Permits Rose 18.7%

However, in the last third of the year, the value of approved constructions suffered and fell 20.1% over the same period in 2007.

Tuesday, March 3, 2009

At the end of 2008, the value of approved constructions and repairs was $1.601 billion vs. $1.348 billion in 2007.
Roberto González wrote in Prensa.com: "The indicators closed 2008 with double digit growth thanks to the first half of the year when each month was considerably greater than during the same month of the previous year. "

More on this topic

$918 million in Approved Building Permits

September 2012

In the first seven months of the year the value of approved construction projects amounted to $918 million, 45.3% more than in the same period last year.

This July alone, the total approved exceeded $151 million, representing a 140% increase compared to July 2011.

Of the total number of permits approved $705 million worth was for projects to be developed in the capital, being mostly non-residential.

Applications to Build in Panama Increase

April 2009

The Department of Planning and Permits received 407 applications in January and February, 52 more than during the same period last year.

Of the 407 applications received, 121 were approved in January and 99 in February.

Panamá América reported on its website: "The statistics of the municipal Department of Planning and Permits detailed that there were 121 approvals in January and 99 that were completed in February.

Construction in Panama slows down

December 2008

In the last few months there has been a drop in the value of construction permits, although the year's accumulated total is still positive.

The value of the construction permits approved in September 2008 totaled $118.5 million, $63.9 million or 35% less than for the same month the previous year, according to the Main Monthly Economic Indicators from the Office of the Comptroller General of the Republic.

Construction grew 54.5% in June in Panama

August 2008

The value of construction, repair, and extension permits approved during the first half of the year was at $829.8 million.

Most of the investments are located in the district of Panama, with $675 million (58.5% more than the year before); this is followed by Arraijan, which, with $44 million, had the biggest increase in the country (161.3%).

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