Home Sales: Optimism in PanamaAfter the Preferential Interest Act was modified and the maximum limit for applying preferential interest to the purchase of homes was raised to $180,000, an 11% decrease in the inventory of available homes was reported.Monday, February 3, 2020
In September 2019, a bill was approved which establishes that for the purchase of homes for a value of between $120,000 and $150,000, the government will assume 2% of the bank interest, and in the case of properties that are between $150,000 and $180,000, the exoneration will be 1.5%. Source: Panamaamerica.com.pa ¿Le interesan los proyectos de construcción en Centroamérica?Conozca nuestro servicio de información que detalla las grandes construcciones que se están desarrollando en la región. Incluye urbanizaciones, edificios, hoteles, locales comerciales, carreteras e infraestructura pública, entre otros. Ver ahora Housing: How Much Could Prices Fall?July 2020 Entrepreneurs in the real estate sector estimate that in the Panamanian market the prices of homes in inventory could fall between 5% and 10%, due to the economic crisis resulting from the outbreak of covid-19. Real Estate Market: Prices in the New RealityMay 2020 It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment. Real Estate Fair: Optimism for Changes in LawNovember 2019 Encouraged by the recent expansion of the sales price range of homes that apply preferential interest rates, Panamanian businessmen remain optimistic for the Expo Inmobiliaria Acobir 2020. Real Estate Market: Excessive DemandNovember 2018 In Panama, 83% of the houses and apartments for sale range in price from $150.000 to $2 million, while 80% of those interested seek properties with prices below $150.000.
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