Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Panama is experiencing steady growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are contributing to this positive trend. Customer preferences in the Residential Real Estate Leases market in Panama are influenced by several factors. One key preference is the demand for affordable housing options. As the cost of living continues to rise, many individuals and families are looking for rental properties that offer reasonable prices without compromising on quality. Additionally, customers are increasingly seeking properties that offer amenities such as security, access to transportation, and proximity to schools and shopping centers. Trends in the market are also shaping the development of the Residential Real Estate Leases market in Panama. One notable trend is the growing popularity of co-living spaces. These shared living arrangements provide individuals with the opportunity to live in a community-like environment, sharing common areas and amenities while still having their own private space. This trend is particularly appealing to young professionals and expatriates who are seeking a more social and affordable living option. Another trend in the market is the rise of short-term rentals. With the increasing popularity of platforms like Airbnb, property owners are capitalizing on the opportunity to rent out their properties on a short-term basis. This trend is driven by the growing tourism industry in Panama, as visitors are looking for unique and affordable accommodations during their stay. Local special circumstances also play a role in the development of the Residential Real Estate Leases market in Panama. One such circumstance is the country's favorable tax laws for real estate investments. Panama offers incentives for foreign investors, including tax breaks and residency options, which attract international buyers and contribute to the growth of the market. Underlying macroeconomic factors are also contributing to the positive development of the Residential Real Estate Leases market in Panama. The country's strong economic growth and stability have created a favorable environment for real estate investments. Additionally, Panama's strategic location as a global trade hub and its expanding infrastructure projects, such as the Panama Canal expansion and the construction of a new international airport, are attracting both local and international investors to the real estate market. In conclusion, the Residential Real Estate Leases market in Panama is experiencing growth and development due to customer preferences for affordable housing options, trends such as co-living spaces and short-term rentals, local special circumstances including favorable tax laws, and underlying macroeconomic factors such as strong economic growth and infrastructure development. These factors are contributing to a positive outlook for the market in the coming years.
Data coverage:
Figures are based on total and average revenue of residential apartment leases.Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
