House price dynamics in Panama City

D. Kavarnou, Anupam Nanda

Research output: Contribution to journalArticlepeer-review


In this paper, we analyze the drivers of the housing markets in Panama City. To the best of our knowledge, no formal academic analysis has been documented on the Panamanian housing market. In this paper, we outline key unique characteristics of the market and provide a brief review of broader economic indicators and housing market literature. Using a unique dataset comprising property-level information over 2007?2014, we employ a hedonic modeling framework to analyze the impacts of certain amenities and drivers that may affect housing values. The results indicate several unique features of the Panamanian housing market.
Original languageUndefined
Pages (from-to)315-334
Number of pages20
JournalJournal of Real Estate Literature
Issue number2
Publication statusPublished - 2015

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