Between March 2013 and March 2014 the price of materials such as cement and bricks increased by 6.7% and 4.1%, respectively.
From a statement issued by the Comptroller General of the Republic of Panama:
Retail Prices Indices of the Main Construction Materials (IPMC), available in the districts of Panama and San Miguelito, compiled until January 2014, showed the following behaviors:
Prices for cement, plastic pipes and stone reported the largest increase.
From a statement issued by the Comptroller General of the Republic of Panama:
Retail Prices Indices of the Main Construction Materials (IPMC), available in the districts of Panama and San Miguelito, compiled until January 2014, showed the following behaviors:
During 2013 the value of building permits increased by 27%, with projections being that it will keep up the same pace during 2014.
The dynamism of the construction sector experienced in 2013 will continue into 2014. The development of residential, commercial and megaprojects developed by the State such as the Metro, have propelled the sector.
Data from the National Institute of Statistics and Census (INEC) reveals that in 2013 "the total value of construction and additions in the country was $1.552 billion, while in 2012 it was $1.197 billion.
Price Indexes of Major Retail Construction Materials in the districts of Panama and San Miguelito, up to September, 2013.
A statement from the Comptroller General of the Republic of Panama:
The Price Index of Major Retail Construction Materials (PIMC), available in the districts of Panama and San Miguelito, compiled as of September 2013, showed the following behaviors:
Products like stone No.4, espavé wood, concrete and sand mix became more expensive by 23.2%, 12.9%, 7.1% and 5.9% respectively in the month of July.
These four materials had the largest increases in their prices according to the National Institute of Statistics and Census of the Controller General of the Republic.
"The increases are attributed to the high prices of oil and its derivatives, to the economic crisis affecting some countries and the high demand for some commodities", reported Prensa.com.