The consult with the top twelve real estate running project in Panama shows the result that not all of the rest estate companies dropping the prices even in this recession period. Read more…
The estimated investment in the construction sector during 2008 is estimated at U.S. $ 1,500 million and by 2009 he will be smaller but positive.
A cooperation agreement was signed by the Panamanian Association of Real Estate Brokers (ACOBIR), with its similar in China, confirmed Osvaldo Marchena, president of the guild to the newspaper La Estrella de Panama.
The promoters of Panamanian real estate, explore new markets in order to offset the fall in sales came to reach the 772 units per month, but now are located in approximately 300 transactions per month.
Although there is no date set, Marchena said ACOBIR representatives will travel to Beijing within the next two months to promote the country among Chinese multinationals wanting to invest in Latin America.
As a tool to attract Asian capital to Panama, real estate developers out the benefits of Act 41 which contains a number of incentives for multinationals to establish their regional offices Panamanian soil.
Representatives of ACOBIR also encourage the signing of agreements with professional associations in the sector with other countries, Marchena said.
He added that a successful first visit to Canada, but not in Russia because the Russians prefer closer destinations such as Bulgaria, Oman, Dubai and Greece.
The estimated investment in the construction sector during 2008 is estimated at U.S. $ 1,500 million and by 2009 he will be smaller but positive, due to the global economic crisis.