{"id":25227,"date":"2019-02-04T10:52:24","date_gmt":"2019-02-04T15:52:24","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=25227"},"modified":"2019-02-04T10:52:24","modified_gmt":"2019-02-04T15:52:24","slug":"construction-closed-2018-negative-balance","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/construction-closed-2018-negative-balance\/","title":{"rendered":"Construction Closed 2018 with Negative Balance"},"content":{"rendered":"

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

Consistent with the downward trend reported since the beginning of last year in Panama, during 2018 the cost of new construction, additions and repairs fell 39% compared to 2017<\/p>\n

Data from the General Comptroller of the Republic detail that the performance of the construction<\/a> sector in 2018 was negative, since the cost of new constructions, additions and repairs totaled $1.311 million, a figure lower than the $2.144 million reported in 2017.<\/p>\n

You may be interested in “Public Works: $1.1 Billion in New Projects<\/u><\/a>”<\/p>\n

Last year’s fall contrasts with the rise recorded between 2016 and 2017, since for those years the sector’s investments increased from $1.924 million to $2.144 million, equivalent to a 11% increase.<\/p>\n

Last year, Panama<\/a> was the province with the highest cost of new construction, additions and repairs reported, with a total of $890 million and one million 349 thousand square meters<\/a>. It was followed by La Chorrera, Arraij\u00e1n and Col\u00f3n, with $107 million, $97 million and $89 million, respectively.<\/p>\n

See General Comptroller’s Office report<\/u><\/a>.<\/p>\n\n

\n

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    Consistent with the downward trend reported since the beginning of last year in Panama, during 2018 the cost<\/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-25227","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":"\nConstruction Closed 2018 with Negative Balance - Blog and 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