Between the first half of 2015 and the same period in 2016 the average selling price per square meter rose from $2,850 to $3,100 in Class A projects.

Data from CBRE Panama reported on by Capital.com.pa reflects the growing demand for residential projects in the capital and its surrounding areas. In the case of Class A residential projects, in the first half of the year an increase was recorded in the average price per square meter, while in the segment of class B projects, stability is reported in prices, “… underpinned by a low availability. “

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“… In the first six months of 2016, 1.237 units were added to the inventory, adding to a total of  13,877 existing apartments. Eileen Chévez, from CBRE Panama, believes that  ‘selling prices are going to remain stable, they are not expected to fall’.“There will be a little more supply, because of new buildings that have delivery dates for later this year, helping to increase availability, which currently is very low’.”

“… In 2015 some 8,362 housing units (houses and apartments) were built with an investment of $900.1 million, benefiting some 27,600 Panamanians and in 2016 sales are expected in the order of $1,112.3 million, resulting from the construction of 10,503 housing solutions.”