This year the union of housing developers plans to build 10,958 houses and apartments and generate sales of $979 million, 23% more than in 2016.

Figures from the National Council of Housing Promoters (Convivienda) indicate that in 2016, 8,864 houses were built and sales of $793 million were made, an increase of almost 8% compared to 2015.

See “Panama: Residential Projects worth $112 million“

The report adds that of the total number of homes sold in 2016, most corresponded to homes priced between $40,000 and $80,000.

As to the form of financing used for house buying, Convivienda’s report indicates that 8 out of 10 homes with prices of up to $120 thousand were acquired with the terms of the Preferred Interest Act.

See also “Panama: Construction Figures – January 2017“

This year Convivienda plans to build 10,958 homes and generate sales of $979 million, 23% more than the sales generated in 2016. The union of promoters in the housing segment expect that most of the sales generated will be priced between $65,000 and $80,000. The province where most of the new homes will be concentrated is Panama, followed by La Chorrera and Arraiján.

See report “Results for 2016 and Projections for 2017” by Convivienda. (In Spanish)