THE REAL ESTATE SECTOR OF PANAMA SHOWS SIGNS OF RECOVERY

One year into the pandemic and after the reopening of construction and some related activities, the real estate sector begins to show encouraging signs, while the Panamanian Chamber of Construction (Capac) trusts that the Housing Expo 2021 will continue to be an engine to boost the sector in Panama.

During the first quarter of this year 2021 the industry shows a recovery. An increase in mortgage loans is observed, for a total of US $ 3,666 million.

Their reports indicate that there are also encouraging figures in the registration of properties with an increase in March of this year of 14%, compared to the same month of 2020. In that period, the registration of non-horizontal properties increased by 24.6%

The president of CAPAC affirmed that "intimes of pandemic, the real estate and construction sectors have a direct impact on the economy and are key in the economic reactivation of the country." At the same time, he indicated that the trade fair activities of the construction union contribute to reducing the housing deficit, estimated at 200 thousand homes.

International promotion:

The Virtual Housing Expo Capac 2021 maintains an international promotion campaign through social networks to attract interest in acquiring properties in Panama. Attention is sought from Argentina, Brazil, Canada, Colombia, Costa Rica, Spain, the United States, Guatemala, Mexico, the Dominican Republic, and Venezuela.

https://www.republicainmobiliaria.com/editorial/sector-inmobiliario-panama-recuperacion/