An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices.
The guild of construction companies in Panama states that prices for homes, shops and apartments are so high that in many cases buyers can not afford them.The increase, they say, is not due to increases in the cost of construction materials, but to an increase in the cost of paperwork, such as building permits, higher interest rates for loans and the elimination of some subsidies.
The activity will be held on September 11th in the Atlapa convention center and seeks to bring together providers and companies from around the world.
The Construction Chamber is organizing the business meeting, which will take place during Habitat Expo on September 10th-14th in the Atlapa convention center.
From a statement issued by the Panamanian Chamber of Construction (CAPAC):
Panama will host the meeting of the Regional Chamber of Construction Organizations of Central America and the Caribbean on the 5th and 6th May.
Representatives from across the region will participate, presenting among other things, a report on the status of the sector in their respective countries.
"Among the topics to be presented are: the progress on the expansion of the Panama Canal, by the administrator of the Panama Canal, German Alberto Zubieta, the proposed Metro Line 1 in Panama, by Robert Roy, the Road Restructuring Master Plan in Panama City, by Federico José Suárez, Minister of Public Works, and the sanitation project in the City and the Bay of Panama, by Manuel González Ruiz, the executive director of the Institute of Aqueducts and Sewage Systems" said Tuesday's article in Financiero