Glossary · Market & investment
Pre-construction (preventa)
Definition
In Panama, pre-construction is buying a unit before or during its build, directly from the developer: you sign a promise contract, pay the down payment in installments during construction, and settle the balance (or mortgage it) at delivery. Panama City new supply runs $2,700–3,100/m² as of July 2026.
In practice
Its real advantages: gradual capital entry, a new product with warranties, and appreciation potential at delivery. Its real risks: delivery date, spec changes, and developer solvency — which is why due diligence here examines the track record of delivered projects, not just the brochure. Always compare against neighboring resale ($2,000–2,400/m² median): the new-build premium must be justified with data, not renders. Our project pages publish real prices and floor plans.
Related terms
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Real estate investment service →General information, not legal or tax advice. Every transaction is confirmed with an attorney and accountant.
Term reviewed as of July 2026 · Vaca Group Real Estate, Lic. PN 5904