In Jacó and its surroundings, in recent years there has been an upturn in construction, mainly because of the development of residential projects.
Data from the Federal College of Engineers and Architects (CFIA) indicate that since 2016 the number of square meters of construction processed in the cantons of Esparza, Puntarenas, Garabito and Quepos, all of the central Pacific, have remained high.
Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama.
Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival of a new government and the start of major works such as Metro lines 4 and 5, the sector may re-emerge.
The union of construction companies has estimated at the close of 2014 that investments made during the year on construction projects in the country will be worth about $5.6 billion.
McGowen Roderick, president of the Panamanian Chamber of Construction (CAPAC), said during the inauguration of the construction fair CAPAC Expo, "... according to the most conservative projections sector investment for this year will amount a total of approximately $5.65 billion. "
The construction of both residential and non-residential projects grew by 64.6% in the month of April.
A press release from the Ministry of Economy and Finance reads:
“The construction of projects, both residential and non-residential, grew by 64.6% in April, according to a report by the Office of Economic and Social Analysis at the Ministry of Economy and Finance.