1,261 Millions Invested in Projects
According to the preliminary numbers of the Contraloría General, an increment of 25.4% was registered of the value of projects for residential constructions and redesigning and non residential in 2007.Last year there were many different projects that were developed for 1,261 millions, 984 millions for residential constructions and 276 for non residential.
Four districts are completely enjoying the real estate boom: Panama grew 97.8%; Colón, 84.2%; Arraiján, 30.6%; y Santiago, 172.8%.
In December, the constructions reached a value of 116 millions, 80.1% higher than the same month in 2006 which reached 64.4 millions. Other Articles:
- 1,261 Millions Invested in Projects
- Property Tax Exonerations Extended
- South of the Border, the Market's Still Hot
- 10 New Hotels Will be Built in Panama
- Insider's Guide to Panama Real Estate
- Creating Wealth with Real Estate: A Simple Plan
- New Incentives for Foreign Investors
- Increment in Commercial and Residential Rentals
- Nikki Beach is Coming to Panama
- Panama on the Rise
- Panama Real Estate Business Practices
- Goverment Sales
- Foreigners Rights regarding ownership of Property in Panama
- The Truth About Derecho Posesorio Rights
- What to Know When Buying Real Estate in Panama
- Purchasing Real Estate in Panama from Abroad
- The General Process of Buying Real Estate in Panama
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