Affordable Housing Solutions in Panama
OUR CORE MARKET: PANAMA
ESTIMATED $3B MARKET OPPORTUNITY FOR SUBSIDIZED HOMES
1
Resilient housing demand, supported by a growing middle class
Panama's middle class is growing at the fastest rate in LATAM
.
56.9% of Panamanians are considered middle class in 2019, compared to 50.8% in 20152
Over $7B is expected to be invested in Panama's infrastructure between 2019 and 20303
Panama still faces a deficit of 200,000 homes
250,000
200,000
150,000
100,000
.
.
.
50,000
2010 2012 2014 2016 2018 2020 2022E
Developers have reduced output following a complete
shutdown in 2020
Higher cost of capital is preventing smaller developers
from re-entering the market
Supply chain challenges have impacted smaller scale
operators sourcing materials
Source: Company Estimates Uniapravi, IADB, 2022
2 Source: Central American Data, 2022
3 Source: Statistica, 2022
4Source: BNAmericas, Panama's 2030 Infrastructure Dream
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