{"id":21475,"date":"2017-11-07T14:12:57","date_gmt":"2017-11-07T19:12:57","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=21475"},"modified":"2017-11-07T14:12:57","modified_gmt":"2017-11-07T19:12:57","slug":"panama-1-64-billion-new-constructions","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-1-64-billion-new-constructions\/","title":{"rendered":"Panama: $1.64 billion in New Constructions"},"content":{"rendered":"

\"\"<\/a><\/p>\n

In the first nine months of the year, the value of construction permits, additions and repairs totaled $1.64 billion, 18% more than in the same period in 2016.<\/p>\n

The most recent<\/a>\u00a0figures from the Comptroller General’s Office show that the value of new construction<\/a>, additions and repairs reported between January and September exceeded $1.6 billion, 28% more than the $1.397 billion recorded in the same period in 2016.<\/p>\n

See also: “Constructions planned in Central America – November 2017<\/a>”<\/p>\n

The figures are led by the province of\u00a0Panama<\/a>, with $1.184 billion, followed by Arraij\u00e1n, with $134 million, Col\u00f3n, with $100 million, and Santiago, David, Chitr\u00e9, Aguadulce and La Chorrera, with $225 million.<\/p>\n

As for the type of\u00a0construction<\/a>,\u00a0$1,022 million worth of permits for construction<\/a>s, additions and repairs were registered for in\u00a0residential projects<\/a>, of which $980 million corresponded to new constructions.<\/p>\n

In the case of non-residential buildings, the value of permits was $619 million.<\/p>\n

Most residential and non-residential projects<\/a> were concentrated in the province of Panama<\/a>, with $812 million and $371 million, respectively.<\/p>\n

See\u00a0report<\/a>\u00a0by the Comptroller’s Office\u00a0(in Spanish).<\/p>\n\n

\n

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    In the first nine months of the year, the value of construction permits, additions and repairs totaled $1.64<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-21475","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nPanama: $1.64 billion in New Constructions - Blog and 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