Category: Real Estate
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An update to the regulations of the PH Law
The Ministry of Housing and Territorial Planning (Miviot) will be updating the regulations governing horizontal properties as announced at the Horizontal Property Congress and the inauguration of Expo PH 2024. The current law contains 125 articles and highlights priority issues such as the Emergency Fund, which helps real estate units to face a situation that…
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Commercial real estate sector recovers and advances to a new phase of expansion
The commercial real estate market in Panama is experiencing a stable recovery following the COVID-19 health crisis and is now entering a new phase of expansion.
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Real Estate Taxes in Panama
In depth explanation of how real estate taxes work in Panama.
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Expo Vivienda Capac registered mortgage transactions for over $130 million
Expo Vivienda Capac 2023 is one of the most important real estate fairs in the country and the latest fair registered sales of houses and apartments of more than $130 million.
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Opening a Bank Account in Panama
Panama allows foreigners to open bank accounts, but they must provide more documentation for due diligence compared to European or North American banks. Requirements All documents must be recently dated (usually within three months). Documents Various banks might require more information, for example, the wellspring of assets you mean to store. There are distinct application…
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Horizontal Properties totaled $42 thousand in collections in January
The month of January 2023 saw a total of $42,018.64 thousand in collections to the Horizontal Property Regime (PH) of the Ministry of Housing and Territorial Planning (Miviot). These include 704 new real estate units, commercial and residential.
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Panama leads regional economic growth, according to MEF
The Panamanian economy in 2022 recovered strongly according to the reports of the World Bank (WB), Economic Commission for Latin America, Caribbean (Cepal),and the International Monetary Fund (IMF).
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Real estate market shows a strong recovery
According to the General Directorate of Leases of the Ministry of Housing and Territorial Planning (MIVIOT), a total of 1,941 lease contracts have been processed in Panama from January to November 2022.
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Expo Inmobiliaria Acobir will be held in January 2023
The Panamanian Association of Real Estate Brokers and Promoters (Acobir), announced the Acobir Real Estate Expo from January 26 to 29, 2023, at the Panama Convention Center.
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200 real estate projects will participate in Capac Expo Habitat 2022
The Panamanian Chamber of Construction (Capac) will celebrate the thirty-fifth version of Capac Expo Habitat, at the Panama Convention Center ( PCC), an event in which the participation of some 200 real estate projects is expected.