Panama remains a solid market for real estate investments
Posted on 2020-02-01
In the latest report of the Statistics and Special Studies Directorate of the Panamanian Chamber of Construction, a 31% increase in commercial constructions was recorded at the end of September 2019 with respect to the same period of 2018.
The market for corporate buildings and offices will have a good performance this year, because the demand for this type of construction will recover in line with the growth perspective of the construction industry and the economy in general of the country.
Verónica Rivera, architect and manager of Global Business Terminal, said the country is still a fairly solid market for real estate investments.
"The real estate market in Panama is a sector that has been characterized by a lot of dynamism and constant activity. Companies need to grow and make decisions, which results in possible relocations and / or renegotiations of contracts for the use of corporate spaces" he said.
In the latest report of the Statistics and Special Studies Directorate of the Panamanian Chamber of Construction, a 31% increase in commercial constructions was recorded at the end of September 2019 with respect to the same period of 2018.
The economic perspectives of the World Bank and the Economic Commission for Latin America and the Caribbean (ECLAC) keep Panama, a country with a service-centered economy (78%), at the forefront of growth in the region in 2020 and 2021 with rates of 4.2% and 4.6%, respectively.
Source: Panama America
