Panama: Social Housing Building Stopped

The increase of more than 5% in the cost of construction and the revaluation of land in the capital, has made the social housing segment unprofitable for builders.

Monday, June 3, 2013

"In its projections for 2013, the National Housing Council (Convivienda) a guild that brings together the leading companies involved in the construction of family units will build 8,206 dwellings (houses and apartments) with a total investment of approximately $800 million. In this calculation there are no projects below the $35,000 mark", reported Prensa.com.

Philip Chapman, managing partner of the consulting firm Indesa, said the cost of materials, combined with the value of land, makes it almost impossible to build low-cost residential units with the features that the market demands. "It's a complex issue, because there is an unmet demand, but at the same time materials in the construction sector have increased significantly in recent years," he said.

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Real Estate Market: Ambitious Projections for 2018

April 2018

This year in Panama realtors expect to sell 9,000 homes and generate $1.146 billion, which would be a 34% increase compared to the value sold last year.

The National Council of Housing Promoters (Convivienda) plans to sell 8,958 units of housing nationwide this year, after having sold 7,219 units last year.

Panama: Value of Construction Up 15%

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Between January and August this year, the value of new constructions in the country amounted to $651 million, which is 15.5% more than in the same period in 2013.

In the first 8 months of 2014 $651.5 million was reported in real estate investment, focusing on the areas of Panama north, east and west, particularly in the districts of Arraiján and La Chorrera.

Projected Rise in House Prices

October 2014

In Panama entrepreneurs are anticipating increases of between 6% and 12% in home prices in the coming months.

The increase in the prices of materials such as concrete, gray cement, sand and stone, among others, is one of the factors that is pushing up the prices of homes, both those for social interest as those aimed at the middle and upper classes.

Housing Construction in Nicaragua

January 2013

The Chamber of Builders and the government are working together to achieve the funding necessary to reach the target of 10,000 new homes every year.

Laprensa.com.ni reports that "After fulfilling the goal of building 4,000 houses and delivering them in 2012, the goal is to raise the annual figure by a thousand houses.

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