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Panama’s construction industry shows $100 million decline in investment. Real-estate boom may be losing steam

Wednesday, November 30, 2011

Increased prices for raw materials and high land costs have led to a $100 million decline in investment in new projects in Panama.

Investment dropped from $732 million in January through July this year to $632 million in the same period of last year.

The construction industry chamber says that the drop is probably due to the absence of new mega-projects and also because the real-estate boom has lost steam.

Original source (in Spanish): Panamá América