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Follow on Google News | Lower Real Estate Investment Costs in PanamaPanama’s ten year old real estate boom thrived on the highest per capita foreign investment in Latin America and a flood of North American retirees taking advantage of low prices and easy residency requirements. The boom had slowed with inflation i
By: AB Panama Real Estate Panama Real Estate Boom Panama's ten year old real estate boom thrived on the highest per capita foreign investment in Latin America and a flood of North American retirees taking advantage of low prices and easy residency requirements. The boom had slowed with inflation in Panama driving up prices. The End of Panama Real Estate Inflation? The cost of real estate investment in Panama is heading down. The lower cost of electricity, transportation, and construction materials will make construction projects less expensive. Lower Panama Electric Costs Panama’ Previously, Panama's President, Martin Torrijos, announced that the fuel surcharge on electric bills is going away. For the average client electric bills are expected to drop twenty to twenty-five percent in the first months of 2009 based on the surcharge removal. In addition, Panama subsidized the electric bills of homeowners using less than 500 kilowatts this last summer. Businesses and construction projects did not get a break. Thus the announcement of a recalculation of electric bills will directly help those using larger amounts of electricity, including the many large construction projects that dot Panama City's skyline. Lower Cost of Construction Materials Lower demand is reducing the price of basic construction materials such as Portland cement and structural steel. ABPanama, a corporation registered in Panama, believes that the continued demand for housing, the availability of credit in Panama, and lower construction costs will continue to attract real estate investment. ABPanama believes that the construction boom will continue in Panama at a slightly reduced pace. Current high end real estate prices have leveled off creating historic buying opportunities. Panama Real Estate Investment Panama’ With the increasing prosperity of Latin America’ Local experts such as ABPanama believe that the current collection of forces is recreating the conditions that started Panama's real estate investment boom. Follow this link for more of ABPanama's thoughts regarding real estate investment in Panama today. # # # Panama Real Estate experts, AB Panama specialize in the Panama property market and can advise on all types of residential, commercial or investment property. End
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