Panama real estate news, market trends, and useful guides
Bill 661 proposes to exempt the ITBI transfer tax on the first B/.120,000 of certain new homes. It was approved in third debate on August 27, 2026, but is not yet in force. Here is what it proposes and which homes it would apply to.
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The Panama Tourism Authority reported a $123.5 million increase in tourism revenue during the first quarter of 2024 — 8.4% growth over 2023 — driven by leisure tourism and improved air connectivity.
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Panamanian banks are conservative and apply strict KYC procedures. This guide explains the documentation, minimum deposits, and timelines for opening personal and corporate accounts in Panama.
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With an estimated $1.3 billion investment, construction of the Fourth Bridge over the Panama Canal begins: a six-lane cable-stayed bridge expected to be completed in four and a half years.
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The new 30-kilometer Pan-American Highway in Boca Chica, a more than $23.8 million investment, improves tourist access and includes a public pier, bridges, electrification, and a new modular bridge in Barú.
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