Real Estate Market is Saturated?It is estimated that it will take about seven years to commercialize, through the usual channels, the over-supply of between 500,000 m2 and 600,000 m2 that currently exists in the real estate market in Panama.Monday, October 29, 2018
Those times when real estate projects were selling fast are already in the past. The over-supply estimated by the builders' guild ranges between 500 thousand and 600 thousand square meters, and this situation has generated a kind of competition between the owners of unoccupied properties, benefiting those who are looking for premises, warehouses or residences to rent. Source: Prensa.com Are you interested in construction projects in Central America? Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization. Request more information: Need assistance? Contact us
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Real Estate Market: Prices in the New RealityMay 2020 It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment. Real Estate Market: Excessive DemandNovember 2018 In Panama, 83% of the houses and apartments for sale range in price from $150.000 to $2 million, while 80% of those interested seek properties with prices below $150.000. Real Estate Market DeflatesSeptember 2018 In Panama City a reduction of almost 20% in the prices of residential rents has been reported, particularly in areas that five years ago registered the highest prices in the capital. Panama: Investment Boom in Luxury Offices ContinuesJune 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.
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