Panama's economic boom continues, and house prices are rising strongly
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After falling by about 25% during the global crisis, property values are now rising strongly in Panama’s most sought-after areas, according to local property experts. There is strong foreign property demand, particularly from the U.S., Canada, Venezuela and Colombia.
In Panama City, the country’s capital, the average selling price of residential properties in Class-A projects rose by 8.8% y-o-y to US$3,100 per square meter (sq. m) during the first half of 2016, reflecting the continued increase in demand for high-quality residentail properties in the capital and surrounding areas, according to CBRE Panama.
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