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Latin America Investment News on Viva Tropical

Fastest Growing Construction Sector in Panama

Article Summary:

Panama is seeing a rise in residential construction. In the first six months of 2013, the value of constructions was $956 million, up $38 million compared with the amount reported in 2012.

Photo Credit: Panama America

Original Article Text From Panama America via Google Translate :

Increase investment in construction for housing projects

In the first half of the year, the value of buildings and additions in the main districts of the country was 956 million $ 462,000, reflecting an increase of 38 million $ 41,000 compared to the same period in 2012, when it totaled 918 $ 421,000 million, according to the National Institute of Statistics and Census (INEC).

This year, the value of construction of residential projects was higher than that of non-residential, it amounted to 507 million $ 866 000, while 448 million nonresidential totaled $ 596,000.

The value of nonresidential construction was even below 567 000 000 $ 298 000, a figure recorded in the same period of 2012.

Most construction activity took place in the district of Panama, where the value of construction was $ 946 000 638 000 000.

However, the momentum was lower than in 2012 and test them is that the value of the buildings in this area of ​​the country at that time amounted to $ 369 000 705 000 000, ie 66 million $ 423,000 less than recorded the first half of this year.

The slowdown of the dynamics in the main district of the country was mainly reflected in the fall in the value of buildings and additions in nonresidential projects, which totaled in the first half of this year $ 278 million, while in 2012 was $ 484 million .

In contrast, the value of buildings and residential projects additions totaled 221 million $ 336,000 in 2012-360000000 $ 904,000 in 2013.

Link to Original Article:

From Panama America

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