Wednesday, January 31, 2007

Panama real estate investment tops 2.7 Billion

Panama real estate investment toped 2.7 Billion in 2006 according to Acobir (Asociación Panameña de Corredores y Promotores de Bienes Raíces).

It skyrocketed and improved by 25% compared to 2005. It represents the 17% of the PIB (Gross National Product) of the country.

The panamanian economy growth projection for 2007 is for 8%. 2005's was for 7%.

Ivan Carlucci Sucre, Acobir's president, said that this is not a "bubble", but a steady development flow. Construction Permissions for more that 1 Billion were tramited for this year.


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