Now 1,901 Construction Permits Granted in Panama City
Friday, February 01 2008 @ 01:11 AM UTC
Contributed by: Don Winner
Editor's Comment: I stick by my predictions - there is nothing in the Panamanian economy right now indicated that the end to the construction boom is coming any time soon. International and domestic buyers continue to snap up inventory almost as soon as it's offered. There are some construction delays, but many buildings are being completed and delivered. Developers are finishing off the buildings they started two or three years ago and are moving on to newer and bigger projects. The Panamanian economy continues to grow and improve overall, hampered somewhat by inflation caused mostly by external factors such as rising fuel prices. Unemployment is down to 6.5% (or lower) and basically things have never been better. There are significant issues remaining to be overcome, specifically corruption (and even more specifically judicial corruption), but in general everyone is smiling. In short, the people who have been "nay saying" for more than a year are quite simply being proven wrong by events on the ground. Expect occasional burps, farts, and growing pains, and it's not going to be either perfect or pretty, but in the end of the day the construction boom in Panama is continuing along at a healthy gallop. Wanna buy a condo?
Deivis Eliecer Cerrud
La moles de concreto siguen levantándose en la ciudad de Panamá.
Hasta el 28 de diciembre de 2007, en la ciudad se otorgaron 1,901 permisos de construcción.
Hasta octubre pasado habían 1,234 permisos.
Los urbanistas criticaron que no se piensa en las afectaciones al entorno, ya que las aguas negras y pluviales se desbordan.
En sectores de Bella Vista, San Francisco y Ancón se erigen edificios de más de 22 pisos.
Muchos apartamentos están vendidos.