In Panama the housing rental business has ample room to grow when compared with similarly developed economies.  “This has caught the attention of many local entrepreneurs and foreign investors who see a great opportunity in this business and who have routed their efforts to ensuring that housing is developed exclusively for the rental market”, reported Capital.com.pa.

In an interview for Capital.com.pa by Ricardo Gonzalez with Pedro Rueda, President of the Property Owners Association of Panama (API), the official explained the importance of rental housing for the country.

According to Rueda “the current housing deficit is about 150 thousand housing units with an annual increase of 15%, which will lead to double that figure over the next seven years.” “… Governments have not had sufficient financial capacity to provide a total solution. Moreover, the middle class does not have access to bank credit markets and can not receive the benefits of the current new housing projects. ”

Regarding the question of why it is interesting for investors to invest in rental buildings, the official explained that there is great demand at the moment, and that “it is a business that offers great returns for investors, who have a very long-term investment which does not lose its value over the years. ”

Source: Capital.com.pa