Real Estate Sector in Panama and Latin America
The economy of a region is the most important factor for its development, the growth of it and in different areas such as education, tourism, trade and real estate, such as real estate in Panama and Latin America, and other countries depend on capital country.
A good economy will grow all the areas mentioned above, and increase the income that enters annually.
At present there are several cities that have been prominent in recent years in areas such as the Real Estate Sector in Panama and Latin America, contributing to trade.
The growth of investors has been impressive. So much so, that the boom in buying and selling real estate has developed in an extraordinary way.
Recently a study of “Latin America Regional Prime Office Report, Year-End 2013” conducted by a company that provides financial services and specialist in the real estate sector executed by Jones Lang LaSalle (JLL). It concludes that the independence of the aforementioned cities has created an environment conducive to investment in real estate, this represented by the good management of said market and thus promoting the growth of commercial transactions.
Cities with high impact
Lima, Bogota and Panama are the cities with the highest impact at the level of construction and foreign investors.
Which will create a massive economic growth that will impress and remain in time.
In San Paolo, the demand will create oversupply in the three important sectors, generating problems to cover the demand.
For Santiago, the little investment in modern products will be regulated; in Mexico market demand will be covered according to studies.
This increase in progress in the economy, investment and real estate has been developing since 2013. That is why you should know a little more about these 6 cities and what they offer for the real estate sector.
The most important cities in the real estate sector
The increase in gross domestic product, which was 7.6% in 2013, was the largest in Latin America, increasing the constructions that added 175,000 square meters to the country.
Due to the Expanded Canal, the demand for offices will increase.
At the end of 2016 it is already in the order of 400,000 thousand m2 under construction and despite the excessive increase, the expectations of economic development are really favorable.
Foreign investment for 2013 increased to 16 million dollars; the great part of this income was destined to oil and mining.
For 2014, 170,000 square meters were added, due to the strong demand and which has greatly favored the real estate sector.
This city is the most outstanding in the country in terms of investment and economy, which led to generate half of GDP.
As for buildings under construction, more than 80% are rented before being ready. Representing a growth in real estate. With approximately 200,000 m2 of construction, they were delivered last year.
The employment rate is increasing, the salary and loans for investment follow this increase.
In Real Estate, rents were maintained; At the end of 2015, the construction of 500,000 m2 of offices was contemplated, 20% of the current repertoire.
2.- Sao Paolo
With greater gross domestic product of the country; for 2013, the second city in the office market was mentioned.
Investment expectations were created because one million m2 of construction will increase unemployment, lowering rental costs.
1.- Mexico City
It represents the largest real estate market. Together with the extraordinary increase in GDP, it represents a stable economy for investment. In 2014, more than 400,000 m2 were built under construction. Which opened the doors for new offices, which last year leased the same amount of volume.
Invest in Panama
The Real Estate Sector in Panama and Latin America will create new opportunities for future investors. You are one of them? At Metro Realty Panama we know that your investment is important.
We show the best cities for the purchase in the real estate sector, where we can advise you to make the best decision. What are you waiting for to transform your economy and invest in Panama?