The Metro Generates Real Estate Opportunities

Great interest is being taken in land and homes in areas near to the new Metro stops.

Wednesday, October 5, 2011

Real estate industry representatives agree on declaring areas where underground stations will be located "gold mines".

The price per square meter could rise to the same values or even higher as those currently paid on Avenida Balboa, the area considered the most expensive in Panama. Today the price per square meter on Balboa Avenue is approximately $2,300.


"Michael Fernandez, chief economist of the Panamanian Chamber of Construction (CAPAC) stated that, this project definitely opens a window of opportunity, focused on the process of modernizing the city, and of course which the construction sector will benefit from", published Panamaamerica.com.pa.



More on this topic

Real Estate Boom in Eastern Panama

December 2017

Greater mobility provided by Line 2 of the Metro in the East of the capital explains the growing attractiveness of the area for real estate development, especially for residential construction.

As of October 2013, the total amount of area processed for new residential buildings in the province of Panama amounted to 903,000 square meters, while in the same month in 2017, just four years later, the figure exceeds one and a half million square meters.

Extraordinary Capital Gains in Casco Antiguo

April 2016

The value per square meter in the Panamanian colonial settlement has almost doubled in the last 10 years.

The restoration of the 'Casco Antiguo' (Old Town) of Panama, which has received investment and economic boom in the city has made property prices soar. According to a report published by Martesfinanciero.com, there are about 900 buildings and houses in the area.

Panama: Real Estate Boom in Suburbs of Capital

July 2014

The increase in residential real estate projects around the center of Panama City has doubled land prices in some areas in the space of five years.

The real estate boom experienced in Panama City can now be seen in the prices of residential projects in areas previously considered as "suburbs" where residential real estate developments are priced at over $80,000.

Housing Bubble Remains in Costa Rica

March 2013

The high prices of properties being recorded in parts of the country are scaring away foreign investment and limiting the recovery of those most affected by the 2008 crisis.

The question posed by foreign investors to Realtors: "'Why invest in Costa Rica when the price of the property is the same or higher as in New York but with less quality services?", is proof that the real estate bubble remains as active as before the crisis of 2008.

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