Residential Real Estate Transactions - Panama

In Panama, the Residential Real Estate Transactions market market is expected to witness impressive growth in the coming years.
By 2024, the transaction value is projected to reach an estimated amount of US$700.50m.
This indicates a positive trend in the market.
Looking ahead, the market is anticipated to continue its upward trajectory with an annual growth rate (CAGR 2024-2029) of 4.51%.
As a result, by 2029, the market volume is estimated to reach US$873.20m.
This signifies a significant expansion in the Residential Real Estate Transactions market market in Panama.
The residential real estate market in Panama is experiencing a surge in demand due to its attractive tax incentives and growing expat population.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

Overall revenue generated by residential real estate transactions

Commercial real estate transactions
Revenue of real estate agencies
Revenue of construction companies

The Residential Real Estate Transactions market in Panama has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for residential properties in Panama. Many people are attracted to the country's stable economy, favorable tax laws, and high quality of life. Additionally, Panama offers a wide range of residential options, from luxury beachfront properties to affordable apartments in the city.

Trends in the market: One trend in the Residential Real Estate Transactions market in Panama is the rise in foreign investment. Many international buyers are choosing to invest in Panama's real estate market due to its strong potential for appreciation and rental income. The government has also implemented policies to encourage foreign investment, such as granting residency permits to property buyers. Another trend is the development of luxury real estate projects. Panama has seen a surge in the construction of high-end residential developments, particularly in popular areas like Panama City and the beachfront regions. These projects often include amenities such as swimming pools, gyms, and 24-hour security, catering to the growing demand for luxury living.

Local special circumstances: Panama's unique geographic location and strong infrastructure make it an attractive destination for retirees and expatriates. The country is known for its warm climate, beautiful beaches, and diverse natural landscapes, which appeal to those seeking a relaxed lifestyle. Additionally, Panama's well-developed healthcare system and affordable cost of living make it an ideal choice for retirees.

Underlying macroeconomic factors: The Residential Real Estate Transactions market in Panama is also influenced by various macroeconomic factors. The country's stable economy and low inflation rate create a favorable environment for real estate investment. Additionally, Panama's strong tourism industry and growing business sector contribute to the demand for residential properties. Overall, the Residential Real Estate Transactions market in Panama is experiencing growth due to the increasing demand from both domestic and international buyers. The country's attractive investment climate, diverse residential options, and favorable macroeconomic factors all contribute to the positive outlook for the market.

Data coverage:

Figures are based on total and average revenue of residential real estate transactions (sales).

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate Transactions - Panama

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

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Residential Real Estate Transactions - Panama

In-Scope

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Real Estate

Related markets:

Residential Real Estate: market data & analysis

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

Access more Market Insights on Financial topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Global housing market - statistics & facts

Explore more high-quality data on related topic

Residential real estate in Europe - statistics & facts

Explore more high-quality data on related topic

Residential real estate in India - statistics and facts