The price indices for buildings and social interest housing registered interannual variations of 3.71% and 2.18%, respectively up to March 2017.
From a statement issued by the National Statistics Institute:
Price indices for construction based on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works.They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.In March 2017, the variations of each of these price indices were:
The price indices for buildings and social housing up to February 2017 recorded annual variations of 3.07%% and 2.74%, respectively.
From a statement issued by the INEC:
Price indices ofconstructionbased on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works. They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.
The value of building permits that were processed five years ago in the districts of La Chorrera and Arraiján amounted to $208 million, while the figure at the end of 2016 is estimated at $313 million.
Growth in real estate development in Panama West could be further enhanced once Line 3 of the Metro starts to operate, and the fourth bridge over the Canal has been built.
The accumulated variation between January and December in the price indices of buildings and social housing was -0.78% and -1.03% respectively.
From a statement issued by the INEC:
Price indices based construction in February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works.They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.In December 2016, the changes in each of these price indices were:
Between January and October this year 8.7 million square meters of construction was formally recorded, 14% more than in the same period in 2015.
From a statement issued by the Association of Engineers and Architects:
San José, November 14, 2016.In the first nine months of 2016, more than 8 million square meters have been registered with the CFIA, a value that is 14% higher than the amount reported in the same period in 2015.The data corresponds to the registration of professional responsibility for construction plans which all projects must submit to the CFIA prior to applying for a municipal building permit.
Between the first half of 2015 and the same period in 2016 the average selling price per square meter rose from $2,850 to $3,100 in Class A projects.
Data from CBRE Panama reported on by Capital.com.pa reflects the growing demand for residential projects in the capital and its surrounding areas.In the case of Class A residential projects, in the first half of the year an increase was recorded in the average price per square meter, while in the segment of class B projects, stability is reported in prices,"... underpinned by a low availability. "
In the first quarter 1455 new works started construction processes in the district of Panama, up 8% compared to the same period in 2015.
From the census report on Construction of Buildings by the Comptroller:
For the first quarter of 2016, the Census of Construction of Buildings recorded 1,455 new works which began the construction process in the district of Panama, an increase of 7.9 percent compared with the same period last year, which included 1,348 works ; in contrast, in the district of San Miguelito the number of works was 57 decreasing by 5.0 percent compared with the previous year.
Construction has been announced in San Jose, of a mixed-use complex that includes a tower containing 300 apartments spread over 42 floors, an office center and a shopping area.
The project announced by the company Hernán Solís will be developed in Sabana Norte, and the start of construction is scheduled for the first half of 2017.According to the company's estimates, provided to Nacion.com,"... the investment will be around $100 million."
Between January and May this year $97 million was awarded in loans for housingconstruction, 17% more than in the same period in 2015.
The monthly report from the Salvadoran Chamber of Construction (Casalco) indicates that loans granted for home purchases rose by less than 1% in the period in question, going from $133.9 million to $134 million.
The value of construction in the first quarter fell by 10% compared to the same period in 2015, registering an increase of 13% in the value of residential construction and a drop of 26% in the non-residential category.
The 13% increase in the value of the buildings, residential additions and repairs registered between January and March was not enough to offset the decline of 26% in the value of non-residential construction. Data from the Office of the Comptroller General of Colombia shows a total drop of 10% in the value of the buildings between the first quarter of 2015 and that of 2016.
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