Real Estate Fair: $180 Million in Business Agreed

At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.

Wednesday, September 25, 2019

This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).

You may be interested in "Central America: $400 Million in Residential Construction

The statement dated September 23 details that "... The sales made in CAPAC Expo Habitat 2019 corresponded to about 2,100 homes, including houses and apartments, located in the province of Panama, Panama West, beach areas, mountains and major cities in the interior of the country."

CentralAmericaData reports state that from January to March 2019, 76 environmental impact studies were presented to develop condominiums, apartment buildings and other housing projects in the countries of the region.

Of the total projects, Panama concentrated the largest investment, with approximately $171 million in apartment complexes and horizontal residential buildings, corresponding to 29 EIAs.

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$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: $180 million Traded at Expovivienda

April 2016

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.

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.

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