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Vacation rental owners in Panama’s booming short-term rental market could soon face the same tax obligations as traditional hotels under a sweeping fiscal reform drafted by the Ministry of Economy and Finance. The proposed legislation aims to close loopholes in the Panama Airbnb tax framework while simultaneously delivering relief to middle-income homebuyers through the elimination…
Sales of homes priced for local families have softened since January, but a different engine is humming loudly across the isthmus. The slowdown in affordable real estate has pushed developers and government officials to double down on the Panama investor visa, a residency-by-purchase fast track that requires a minimum property acquisition of $300,000. Industry leaders…
Mounting pocketbook pressures and a public hungry for change pushed President José Raúl Mulino to announce sweeping economic measures Thursday night, headlined by a promise to scrap the 2% transfer tax on new homes. Speaking before the Panamanian Association of Business Executives, Mulino outlined a dozen initiatives he said would break a slowdown that has…
Eight suspects are now in custody following a sweeping police operation that targeted an organized crime ring preying on online property buyers. The arrests, which took place across four districts, signal a turning point for Panama’s booming real estate sector. Authorities say the crackdown will make the market more secure for both local residents and…
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