Growth Opportunities in the Real Estate Sector in Panama
Panama’s real estate sector is an important factor in the story of growth of the country, because of the amount of skyscrapers and buildings that currently have. This impressive growth has been product of mass housing search of people who have arrived in the country from the United States, Europe and Latin America, leading to Panama to be known as the “Miami of Latin America”. Also foreigners are attracted to Panama City for employment opportunities and investment provided by a recognized country with political and economic stability.
The real estate market of Panama is always increasing over the years
This is because Panama is a country with many job opportunities and a very low unemployment rate, in addition to a strong economy and a currency like the dollar. There are new residential developments to be inaugurated, and we have to add the large infrastructure projects in the country such as the Panama Subway and the construction of its second and third line; the expansion projects of the North Corridor, the Panama Canal expansion, among others.
Panama has the best rate of housing in Latin America due to the effectiveness of the policies and initiatives aimed at reducing the housing deficit. However, if Panama continues to grow faster than the pace it has set, much higher levels of investment are needed in infrastructure industries and booming population.