Panama: Social Housing Building StoppedThe 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. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Real Estate Market: Ambitious Projections for 2018April 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. Panama: Value of Construction Up 15%October 2014 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. Projected Rise in House PricesOctober 2014 In Panama entrepreneurs are anticipating increases of between 6% and 12% in home prices in the coming months. Housing Construction in NicaraguaJanuary 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.
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