Panama’s vast infrastructure projects boosting real estate prices
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Spurred by major government infrastructure projects (the completion of the Panama Canal in 2015, the construction of Line 2 of the metro rail system, the port of Colon upgrade, etc.), and by a continuing investment and tourism boom, residential property prices rose as much as 10% in 2013, according to Panama Equity Real Estate.
There was strong demand from US, Canada, Venezuela and Colombia, and the improving economy of some European countries like Spain and UK also helped. So too did a lower supply of new apartments.
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