Commercial factor – as the dollar looses value, the price of products imported from Europe, Asia, and Latin America become more expensive. This has made the cost of living higher in Panama.

The marriage between Panama and the dollar is in crisis. The American currency has devaluated 78% in the past seven years and this has [...]

The Program of Help to the Consumer (PAC in Spanish) is currently in Congress waiting to be approved. Preferential rates are a subsidiary which the government gives in order to lower interest rates for primary residencies which are valued up to $62,500. Under the new law this amount will be raised to $80,000.

(Town Plaza [...]

LA PRENSA NEWSPAPER ARTICLE – FRIDAY 22 OF FEBRAURY OF 2009
The number of foreigners obtaining mortgages in Panama is growing at a very fast rate. According to the Panamanian Chamber of Construction (CAPAC) 850 mortgage loans were given in the first semester of 2007 – which represents 32% more compared to the same period [...]