In the first four months of 2018, the cost of new construction, additions and repairs in Panama fell by 41% compared to the same period in 2017, going from $755 million to $449 million.

The most recent figures from the Comptroller General of the Republic detail that in the first four months of the year the highest cost of new construction, additions and repairs was registered in the district of Panama, with a total of $290 million. They were followed by Colón, Arraiján, Santiago and La Chorrera, with $41 million, $37 million, $29 million and $25 million, respectively.

See “Construction: Upcoming works in Central America“

Regarding the type of construction, between January and April of 2018 the highest value was registered by residential projects, with a total of $256 million, 37% less than was reported in the same period of the previous year.

See also “Central America: $4 billion in residential projects“

By type of construction, a 45% drop in the cost of residential projects was reported in the period in question, decreasing from $353 million to $193 million.

See full report by the Comptroller.