Panama: Construction Statistics - September 2015

The inventory of apartment buildings and individual houses recorded an increase of almost 7% in the third quarter versus the same period in 2014.

Thursday, January 21, 2016

From the Quarterly Report by the INEC:

The Census of Construction of Buildings, during the third quarter of 2015, investigated 1,325 works, 6.8 percent more than in the same period last year. The amount of constructed area was 145.266 square meters, of which 89.8 percent corresponded to the district of Panama and 10.2 percent to San Miguelito .

The behavior of the destinations in the district of Panama regarding the amount of square meters constructed, was as follows: apartment buildings 36.0 percent, individual homes 32.7 percent, offices 10.2 percent, warehouses 8.4 percent, commercial premises 5.1 percent , other destinations 2.5 percent, duplex 2.3 percent , hotels 1.4 percent, industrial premises 1.0 percent , schools 0.3 percent and religious centers 0.1 percent. Meanwhile, in San Miguelito, apartment buildings were the most noteworthy category with 70.5 percent, followed by individual housing 19.4 percent, duplex with 3.9 percent , warehouses 2.3 percent, religious centers 1.4 percent , offices 1.3 percent , stores 1.1 percent and industrial premises 0.1 percent .

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Dissapointing Construction Figures

May 2018

In the first three months of 2018, the cost of new construction, additions and repairs in Panama fell by 40% compared to the same period in 2017, going from $542 million to $325 million.

The latest figures from the Comptroller General of the Republic show that in the first quarter of the year the highest cost of new construction, additions and repairs (excluding state works) was registered in the district of Panama, with a total of $207 million. They were followed by Colón, Arraiján, La Chorrera and Santiago, with $40 million, $26 million, $17 million and $15 million, respectively.

Nicaragua: Construction Down 10%

January 2018

In the third quarter of 2017, the area actually built fell by 10% compared to the same period in 2016, explained by a decline in residential and commercial construction.

From a report by the Central Bank of Nicaragua:

In the third quarter of 2017, the area actually built registered a decrease of 10% compared to the third quarter of the previous year (-7.8% in 2016. III), and a decrease of 2.9 percent in annual average terms.

Nicaragua: Private Construction Down 2.7% in 2016

March 2017

The annual reduction of 2.7% in the amount of construction area was mainly due to a drop of nearly 10% in residential construction and 4% in commercial construction.

From the report "Private Construction in the IV quarter 2016" by the Central Bank:

Panama: Construction Figures - 1st Quarter 2016

August 2016

In the first quarter 1455 new works started construction processes in the district of Panama, up 8% compared to the same period in 2015.  

From the census report on Construction of Buildings by the Comptroller:

For the first quarter of 2016, the Census of Construction of Buildings recorded 1,455 new works which began the construction process in the district of Panama, an increase of 7.9 percent compared with the same period last year, which included 1,348 works ; in contrast, in the district of San Miguelito the number of works was 57 decreasing by 5.0 percent compared with the previous year.

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