At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.
This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).
You may be interested in “Central America: $400 Million in Residential Construction”
The statement dated September 23 details that “… The sales made in CAPAC Expo Habitat 2019 corresponded to about 2,100 homes, including houses and apartments, located in the province of Panama, Panama West, beach areas, mountains and major cities in the interior of the country.”
CentralAmericaData reports state that from January to March 2019, 76 environmental impact studies were presented to develop condominiums, apartment buildings and other housing projects in the countries of the region.
Of the total projects, Panama concentrated the largest investment, with approximately $171 million in apartment complexes and horizontal residential buildings, corresponding to 29 EIAs.
Nice read glad things are getting better for Pamama.