How has the sector been affected by the slowing issuance of construction permits?
Construction
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Interviews & Viewpoints | Alberto Vallarino, President, Grupo Verdeazul: Interview from The Report: Panama 2015
Articles & Analysis | Panama focuses on residential and water links from The Report: Panama 2015
Representing $5.1bn and 14% of the nation’s growing GDP, construction is a major component of Panama’s economy. From infrastructure to commercial and residential building, all subsectors have seen important advances in the past year. According to the Panama Construction Chamber (Cámara Panameña de la Construcción, CAPAC), the sector saw 14% growth in 2013-14 and is set...
Articles & Analysis | Why the number of building permit requests in Panama has fallen from The Report: Panama 2015
As one of the main challenges in Panama’s construction sector despite the rapid growth of recent years, many developers point to the process of issuing building permits, which has been fraught with delays and rising prices. Permit costs have risen significantly in some municipalities, such as San Miguelito, which raised them by 40% in 2015. The reasons given for such...
Interviews & Viewpoints | Ramón Arosemena, Minister of Public Works: Interview from The Report: Panama 2015
Public debt rose to $18.23bn at the close of 2014, up by 16% year-on-year. To what extent has overspending on infrastructure contributed to this? How can cost overruns be avoided in the future?
Articles & Analysis | Panama boosts social housing through private sector collaboration from The Report: Panama 2015
With its economy expanding rapidly, one of Panama’s key challenges is to provide public services for its inhabitants. From housing itself to sanitation and energy, these areas are providing a host of opportunities for construction through concessions, tenders and public private partnerships. Housing, especially at a social interest level, has become a government priority...
Chapter | Construction & Real Estate from The Report: Panama 2015
Buoyed by a combination of factors, including the country’s prime geographic location, sustained economic growth and the influx of foreign investment in recent years, Panama’s real estate market has seen unprecedented growth since 2006. Today it is a key component of Panama’s economy, amounting to $4.6bn or 12% of GDP in 2014. Though fast growth has led the cost of land to skyrocket, sometimes...