High rates of economic growth and large influx of foreigners has had a considerable impact on the real estate market in Panama last year. The increased demand for the luxury real estate is balanced by the lower interest to the cheaper segment.
The research of the market made by CBRE Panama confirms above facts. According the research, the situation on the market remained stable during the first half of 2012. The occupation rates in luxury projects are close to 74%, which is generally higher than during the previous period.
In details, the total number of sold Class A residential units is 4,199. The number of apartments Class B and C which remain under construction is 947, of which 835 are reserved.
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