Panama Construction

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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...

For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.

Chapter | Construction & Real Estate from The Report: Panama 2014

A major driver of GDP growth over the past decade, the construction sector generated more than $2.5bn in 2013, accounting for around 9% of GDP, a year-on-year (y-o-y) increase of 30%, according to the Panamanian Chamber of Construction. Public infrastructure works are leading this surge, but the private sector is also playing a significant role through residential and commercial developments. The...
Mientras el sector inmobiliario y el sector de la construcción continúan alimentando el rápido crecimiento de la economía, el levantamiento de rascacielos, particularmente para proyectos residenciales y de oficinas, está cambiando drásticamente el panorama.

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