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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…
The Panamanian real estate sector has found its footing again. After a turbulent 2025 that saw new home sales drop by nearly 40 percent, early data from 2026 tells a very different story. Developers sold 1,292 homes in the first quarter alone, a figure that represents nearly half of all sales recorded during the entire…
When Sarah Mitchell moved from Toronto to Panama City in 2024, she carried a credit score of 780. She assumed this golden number would unlock easy financing for her dream apartment in Costa del Este. Six months later, she learned a hard truth. Panama banks simply do not care about North American credit scores the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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