Panama: $180 million Traded at Expovivienda

During the event 2,575 mortgages were sold, among which social and middle class housing stood out the most, with prices ranging between $40,000 and $80,000.

Thursday, April 28, 2016

The figures provided by the Panamanian Chamber of Construction (Capac) again reflect the growing need for housing that exists in the country, mainly in middle class and lower class segment.

"...Capac reported that 79% ($144,010,565) of the approved amounts corresponded to preferential interest housing and of that figure, 7% ($12,760,000) was approved for social interest properties."

Prensa.com adds that "... The total number of approved units, 90% (2,317) corresponded to the prime rate and 12% (309) to the banking income segment. Dwellings in the range of $40,000 to $80,000 had the highest number of approvals, representing 49% of the money approved and 60% in units (44,000). "

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More on this topic

$120 Million Business in Real Estate Fair

May 2019

At the Expo Vivienda 2019 held in Panama, 600 housing development projects were presented in different parts of the country and $120 million were reported in negotiations.

The seventeenth version of Expo Vivienda had the participation of 180 companies, of which 12 were banks and 168 promoters and real estate, informed the organizers of the event.

Housing Market in Panama: What to Expect in 2017

March 2017

This year the union of housing developers plans to build 10,958 houses and apartments and generate sales of $979 million, 23% more than in 2016.

Figures from the National Council of Housing Promoters (Convivienda) indicate that in 2016, 8,864 houses were built and sales of $793 million were made, an increase of almost 8% compared to 2015. 

Real Estate Fair Announced in Panama

March 2017

Forecasts are that $160 million will be generated in mortgage transactions in the housing projects exhibition to be held from April 20 to 23 in Panama City.

From a statement issued by the Panamanian Chamber of Construction:

Under the slogan "The easiest way to purchase your home", Housing Expo 2017 will be held, the most important real estate fair of the season, organized by the Panamanian Chamber of Construction (CAPAC).

Panama: Housing Market Figures in 2015

March 2016

Out off the 8,232 homes sold in 2015, 76% was sold at prices lower than $120.000, 18% at prices between $120,000 and $350,000 and the remaining 6% above $350,000.

Figures from the National Board of Housing Developers (Convivienda) show that home sales for the year totalled more than $900 million.

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