Posted by Maria Arias on July 05, 2017 | Real Estate Advices | 0

Factors that Affect Real Estate Price in Panama

Many factors can affect the real estate price in Panama, ranging from home improvements to the locations. Here we will show you the most important factors affecting the housing market and how it will impact the price of your home. 

Condition

The condition of your home is very important for potential buyers to decide if they want to buy it and how much they are willing to pay for it. A house in perfect conditions has a much higher potential for a top dollar sale.  Important conditions like floor covering, walls, paints, ceilings, doors, electricity, repairs, windows, bathrooms, and kitchen are taken into consideration. 

Location

If the property is located in a nicer area, your property will be in greater demand and can seek a higher selling price. Your house proximity to schools, public transportation, shopping centers, banks, etc., plays an important factor in determining the property value in Panama. 

Click here to find out the best neighboorhods in Panama City.

Home improvements

Something that determines the real estate price in Panama is the improvements you make to your home. Home improvements are important factors that affect the property value in Panama. Bedrooms, bathrooms, kitchens and other items like floor tiles, swimming pools, etc., can increase the value of your property.

Growth 

Real estate price in Panama may also be determined by the number of growth factors a location has; like manufacturing industry, construction industry, technical, financial and insurance services. 

Buying a property in Panama

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