Panama Housing Figures For 2015 Released

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The National Board of Housing Developers (Convivienda) recently released market figures for 2015, showing that home sales for the year totaled more than US$900 million.

According to the report Convivienda Results Projections for 2015 and 2016, a total of 8,232 homes were sold in 2015 with 76% selling for under US$120,000.

Of the remaining home sales,18% were priced between US$120,000 and US$350,000 while the remaining 6% sold for over US$350,000.

Convivienda projects sales to eclipse the US$1 billion mark in 2016 with 10,503 homes expected to move through the market.

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