High Demand for Cement in PanamaThe construction of megaprojects has caused a high demand for cement and an increase in the prices of the main material for the construction industry.Friday, August 30, 2013
The fact that only two companies (Argos, and Cemex) lead the Panamanian market has caused prices to skyrocket because they are setting the price of this item. Experts expect that when demand for this raw material decreases, so will prices. Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Panama: Real Estate Boom in Suburbs of CapitalJuly 2014 The increase in residential real estate projects around the center of Panama City has doubled land prices in some areas in the space of five years. Panama: Fees and Taxes on Property PricesSeptember 2013 In recent years the percentage of taxes paid by promoters compared to the final cost of a home rose from 1.3% to 2.7%. Rising Prices of Construction MaterialsJanuary 2013 In Panama cement prices increased between 11 and 12% from the first of January, and other materials are also rising. Panamanian Cement Companies Confident on Coping With DemandMay 2010 “Cemento Panamá” and “Cemex Panamá”, assured they are capable of coping with the surge in demand caused by the upcoming expansion of the Panama Canal, without importing cement.
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