ON THE RISE! DISCOVER WHY PEOPLE PREFER APARTMENTS FOR RENT IN PANAMA
Globalization has a particular characteristic: everything is in constant rotation and in leaps and bounds. We are not only talking about capital flowing back and forth to different markets, but this pendulum swing is also occurring in human groups.
The younger groups, who are making plans for the future, have a very different lifestyle than previous generations, in that they travel continuously for work reasons, thus delaying the construction and settlement of the family, and this has changed the trends of the real estate market in Panama.
APARTMENTS FOR RENT IN PANAMA
The trend of the Panamanian real estate market is leaning more and more towards renting instead of buying real estate. Young couples now prefer to rent rather than buy. The reasons for this behavior seem to be several. For example, building property has its pros and cons. In the latter case, the most relevant is its high cost.
Something that also influences young people to prefer renting rather than buying is the impossibility in many cases of not getting a property in the area they want, since the overcrowding of the most central and sought-after sectors to buy makes it difficult to acquire a property.
However, one of the features not to lose sight of is the price factor: The balance in the supply and demand of rental properties has shot up in a particular way, creating an interesting competition whose prices have become more accessible.
Prices in rental contracts have been adjusted according to the competition and supply in order to stay in the market. In addition to improving prices, real estate companies have been working to include appliances and furniture to increase the value offered to tenants.
