Oversupply in housing in Guatemala

Zone 14 in the capital has the highest number of available apartments - 798 units valued at $249.95 million.

Friday, February 6, 2009

ElPeriodico.com.gt reports: "In the last three years, there was a boom in zone 14 with the expectation that people who grew tired of the traffic on the road to El Salvador, would return to the city. However, the crisis complicated things since banks are now putting more restrictions on credit," Matias Feucht, manager of Dommus Real Estate, explains."



More on this topic

Real Estate Boom in Eastern Panama

December 2017

Greater mobility provided by Line 2 of the Metro in the East of the capital explains the growing attractiveness of the area for real estate development, especially for residential construction.

As of October 2013, the total amount of area processed for new residential buildings in the province of Panama amounted to 903,000 square meters, while in the same month in 2017, just four years later, the figure exceeds one and a half million square meters.

Guatemala: More Real Estate Development in the Capital

September 2014

The increasing preference for residences in central areas of the capital is generating business opportunities for developers in areas which have not yet been exploited.

Real Estate companies say that although there is a good distribution of the supply of high rise and traditional houses in the capital, "... development is needed of zones 3, 6, 7, 8, 9 and 12, which have access and services."

Zoning in Panama City Suspended

September 2014

Building permits will no longer be awarded for urban development of medium and high density communities in Ancon and San Francisco, in the Panamanian capital.

The Ministry of Housing and Land has ordered the temporary suspension of zoning of medium and high density communities in Altos del Golf and Villa Lilla, in San Francisco, and Altos de Curundú and Llanos de Curundú in Ancon.

Panama: Real Estate Boom in Suburbs of Capital

July 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.

The real estate boom experienced in Panama City can now be seen in the prices of residential projects in areas previously considered as "suburbs" where residential real estate developments are priced at over $80,000.

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