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.
The Guatemalan government refused to give in to demands from the pharmaceutical industry for a new contract between the two sides that would include higher prices. Both parties opted instead to continue the present agreement until next year.
In February agreement was reached on a 6 percent price increase through August, but the industry wants to raise it to 15 percent.