{"id":2762,"date":"2011-07-06T16:19:02","date_gmt":"2011-07-06T21:19:02","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=2762"},"modified":"2011-07-09T09:31:35","modified_gmt":"2011-07-09T14:31:35","slug":"continued-growth-for-our-city-of-david-panama","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/continued-growth-for-our-city-of-david-panama\/","title":{"rendered":"Continued growth for our City of David, Panama"},"content":{"rendered":"

\"\"\u00a0\u00a0 \"\"<\/p>\n

The growth here in Panama is evident when you visit the Chiriqui province and it’s capital David.\u00a0 Everywhere we see new retail, office, flex\/warehouse and residential development.\u00a0 The hospitals are\u00a0expanding and the physician networks continue to improve.\u00a0 The middle class is continuing to press upward, demanding better and more expensive homes.\u00a0 The lower middle class housing markets and starter homes are also seeing continued demand.\u00a0 \u00a0Here is a recent article that I read in CentralAmercaData.com. Keep in mind we have a small base of under 200,000 people so the numbers, while\u00a0 small in comparison to the big city,\u00a0 is significant here.<\/p>\n

\u00a0‘Construction has been growing like wildfire, so far this year more than $13 million has been invested.<\/div>\n
The housing shortage experienced by the province of Chiriqui may slowly disappear, if the rapid pace of construction continues.<\/div>\n

In just five months, residential and commercial buildings costing $13.8 million have been developed, and it is projected that the figure could exceed $49 million by the end of the year.<\/p>\n

An article by Teofilo Gonzalez, in Prensa.com, said: “between January and May this year 169,000 building permits were issued producing $184,830 in income taxes for the City of David, reported sources from the Municipal Engineering Department.<\/p>\n

In recent years the capital of the province of Chiriqui has become a magnet for residential development and building projects. He said that currently there is considerable demand for buildings for the installation of shops.<\/p>\n

Due to this demonstrated strength, next weekend the second urban construction fair will be held in Chiriqui, a province in which the housing deficit is estimated at 16,000 homes.”<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0 The growth here in Panama is evident when you visit the Chiriqui province and it’s capital David.\u00a0<\/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":[38,12,21,42,16,29,27,18,22,19,47,26,49,14,11,6,20,51,31,7,15,44,17],"class_list":["post-2762","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica","tag-boquete","tag-energy","tag-estate-homes-in-panama","tag-estate-planning","tag-exchange-property-in-panama","tag-fantasy-island","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-island-property","tag-islands","tag-labor-in-panama","tag-legal-issues","tag-offshore-real-estate","tag-panama","tag-panama-economics","tag-panama-hotels","tag-panama-property-exchange","tag-panama-real-estate","tag-tax-issues","tag-travel-to-panama","tag-trusts"],"yoast_head":"\nContinued growth for our City of David, Panama - Blog and 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