Keep your finger on the pulse of Panama’s real estate market by staying on top of the trends, shifts and game-changers that are shaping the real estate market across the Isthmus.
Check out Panama Equity’s reports that dive deep into individual geographic regions and specific market segments. Or delve deeper into others that take stock of broader trends nationally, and explore how geopolitics on the other side of the globe may reverberate and cause shock waves in the Panamanian market.
If you’re serious about Panama real estate, these reports can help you keep an ear to the ground -- you’ll be in for an eye-opening ride in a market that doesn’t sleep.
Explore the trends and game-changers that shaped the Panama real estate market and discover what to keep an eye out for as we look ahead.
This year, total sales of Panama properties in pre-sale and in construction were down by 11%. Check out which segments were most affected and the reasons behind the year-on-year drop. The drop shouldn’t come as a surprise
And, despite the
A few questions to consider:
In general, the pre-construction market has always been of interest to far-sighted investors and those looking to leverage capital, so it’s a good indicator of overall interest in Panama’s property market. But given a 2+ year supply, it’s hard to count on appreciation over the construction stage, which is one reason we’ve seen sales in that segment slowing down this year.
Read on for more about trends we can count on, insights into the rest of the market and more, including:
We dive into the reasons why the Coronado and Panama’s beaches real estate market took a downturn this year. Read the report for insights on new construction inventory and trends in the secondary market, as we take the guesswork out of the recent fall in prices for you.
Anyone who knows Coronado, Panama’s most popular and developed beach community, knows that its beach real estate market is beaten down. After a few years of record prices, a drop in developer inventory in some of the largest projects converged with a new supply of resale properties (both homes and condos), and it was the same trend in the luxury market as the experience of recently delivered luxury condos attest. Owners who bought in pre-construction are putting properties up for sale, and savvy buyers are coming in demanding (and in many cases achieving) deep discounts.
But what’s the story in the rental market? Just like hotels, vacancies are up in the long-term rental market, as supply for new condos exceeds demand, making the rental market considerably more competitive.
And in new construction? While existing beach developments are slowly going up and several towers have been delivered over the last twelve months, some new high-rise construction projects have been put on hold, following
Read about some of the highest profile projects that are still underway.
So, what does the future hold?
Download the report to explore the shifts in more depth, including:
Pedasi had a big year with new businesses opening and several large developments pushing forward. Discover what the year brought in terms of infrastructure projects, community happenings and other goings on around Pedasi and how the real estate market has been playing catch up.
From large infrastructure projects spearheaded by the federal government to various municipal upgrades and improvements, including a brand new hospital, Pedasi is better connected to the rest of the country than ever. Read about the major national highway improvements between Divisa and Pedasi, upgrades to the power and water systems, as well as the fantastic job the municipal government is doing, led by mayor Miguel Batista. And, in community news, check out the restaurants and businesses that have opened including in real estate, legal and accounting services, and retail.
The newly formed Pedasi Chamber of Tourism will help tie all the pieces together to take advantage of Pedasi’s growing tourism sector. Check out the two new festivals that will put Pedasi on the tourist trail and the various community groups and organizations springing up making
The impact on the real estate market is already visible. Between Panama Equity’s own closings and developer
Download the report for further insights into:
Panama’s luxury property market has changed dramatically over the last several years. The Panama luxury property report details market activity, pricing trends, and our outlook for the years ahead.
According to the Luxury Defined Whitepaper
We’ve had two years of mixed signals in the luxury market coupled with some roadblocks -- and yet surprising signs of life for a Panama luxury property market that has just started to come into its own despite local and international headwinds. But while the future may be promising, the growing pains experienced by Panama's luxury market serve as a reminder that the market, with less than 10 years on the international buyer's radar, is still in its infancy.
Read on for insights about where demand is coming from today and where we expect it in the future (read our take on prospective buyers from China following Panama Equity’s trip to the Shanghai Luxury Property Show), new supply, and other market dynamics that are putting pressure on pricing and will lead to lower transaction prices.
We’ve seen buyers encountering a large selection of million-dollar properties concentrated in a very small area of Panama City and therefore have been apt to place bids significantly below asking. Sellers, enjoying low holding costs and a rosy economic outlook, have been hesitant to give in to aggressive offers, causing a significant downtick in transaction volume that will remain until that expectation gap is closed.
We have reasons to be optimistic that the luxury market will continue to develop and solidify in Panama.
In this report you will find: