With a housing deficit of over 136,000 units and growing at around 15% per year, a huge market remains unsatisfied as few developers construct within the low-income segment. Government incentives, almost entirely restricted to assisting the consumer in purchasing a home, have fallen short of providing viable solutions on a large scale and...
While several of the most significant infrastructure projects draw to a close, concerns have arisen over an eventual decline in construction activity. However, deficits still remain among highways, roads, logistics operations and purely private sector ventures, providing a long list of work for the near to medium term. According to the...
Popular among North American and European retirees, the Panamanian real estate market consists of much more than beachfront property. As with construction, the sector is experiencing a boom supported by real demand and increased purchasing power among the local population. While prices are slightly on the rise in both residential and commercial...
Already a recognisable symbol of prosperity along the Panama City skyline, office buildings continue to play a central role in the country’s real estate sector. Although demand has increased for office space, general trends indicate that rental prices remain relatively steady, contained largely by the many square metres slated to become...
One of the country’s most representative sectors, construction has been a major driver of GDP growth over the past decade. While crucial public infrastructure works are leading this surge, the private sector is also playing a significant role through residential and commercial developments, all contributing to exceptionally low unemployment...
Local cement consumption grew by 15.76% in 2012 and continued rising in the first half of 2013, at monthly rates of 3-24%. Dante Carhuavilca, chief of economic and social studies at the National Society of Industries, told OBG, “Cement production will continue to be propelled by growing demand, in infrastructure, roads, public works in general,...
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