House price dynamics in Panama CityKavarnou, D. and Nanda, A. (2015) House price dynamics in Panama City. Journal of Real Estate Literature, 23 (2). pp. 315-334. ISSN 0927-7544 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. Official URL: http://aresjournals.org/doi/abs/10.5555/0927-7544.... Abstract/SummaryIn 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.
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