Panama: Soaring Prices in Residential Market

Between the first half of 2015 and the same period in 2016 the average selling price per square meter rose from $2,850 to $3,100 in Class A projects.

Tuesday, August 30, 2016

Data from CBRE Panama reported on by Capital.com.pa reflects the growing demand for residential projects in the capital and its surrounding areas. In the case of Class A residential projects, in the first half of the year an increase was recorded in the average price per square meter, while in the segment of class B projects, stability is reported in prices, "... underpinned by a low availability. "

You may want to read "Panama: Mixed Property Development for $90 million"

"... In the first six months of 2016, 1.237 units were added to the inventory, adding to a total of  13,877 existing apartmentsEileen Chévez, from CBRE Panama, believes that  'selling prices are going to remain stable, they are not expected to fall'."There will be a little more supply, because of new buildings that have delivery dates for later this year, helping to increase availability, which currently is very low'."

"... In 2015 some 8,362 housing units (houses and apartments) were built with an investment of $900.1 million, benefiting some 27,600 Panamanians and in 2016 sales are expected in the order of $1,112.3 million, resulting from the construction of 10,503 housing solutions."

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More on this topic

Panama: Increasing supply of apartments

October 2018

At the end of the first half of 2018, the inventory of apartments in the country's capital reached 17,871 units, 5% more than reported at the beginning of the year.

At the end of the first half-year, the absorption of units of apartments built and in progress has decreased, from 92.3% to 87.4% in the first semester of 2018 according to a report by CBRE.

Over-supply in the Real Estate Market?

November 2017

Reports state that the available supply of office space in square meters in Panama City grew from 18% in July of last year, to 21% in the same month in 2017.

A study reported on by Elcapitalfinanciero.com indicates a sustained increase in the available supply of office space in the Panamanian capital, which went from 1,669,189 square meters in July last year, to 1,629,504 in the second half of this year. 

Panama: Growing Demand For Beach Apartments

March 2016

An inventory of apartments on the beach front could grow from 400 to over 1,600 units in three years, thanks to demand from domestic and foreign buyers.

Buying an apartment on the beach is not a something that only foreigners do in Panama. Although prices range between $200,000 and one million dollars, Panamanians in the high and upper middle class brackets are also positioning themselves as buyers of such properties, according to studies cited by Panamaamerica.com.pa. Important sectors of Punta Chame to Playa Blanca, Farallon, Santa Clara, El Palmar (Hato River) and Rio Mar (San Carlos).

Panama: Investment Boom in Luxury Offices Continues

June 2013

During the first six months of 2013, the Class A office market remained highly dynamic, mainly in the Banking area and Costa del Este.

A market study prepared by CBRE Offices Panama, recorded a total of 400,104 square meters under construction in the office market, of which 379,000 are Class A and luxury offices, while 20,685 are Class B and C offices

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