◇  Bitácora

Notas desde el istmo.

Mercado, zonas, inversión y vida cotidiana en Panamá. Sin postales: datos verificados, voces honestas y la lentitud necesaria para entender un país.

Panama's economic substance bill enters debate. What it means for foreign owners holding metro property through a sociedad anónima
◇  Investment

Panama's economic substance bill enters debate. What it means for foreign owners holding metro property through a sociedad anónima

The National Assembly opens debate May 19 on a bill that conditions tax treatment of passive foreign income on real economic presence in Panama. Foreign owners using anonymous corporations as personal holding vehicles sit close to the perimeter.

15 de mayo de 20265 min de lectura
Casco Antiguo's restoration grammar: the rules that govern a 17th-century building's second life
◇  Design

Casco Antiguo's restoration grammar: the rules that govern a 17th-century building's second life

Restoration in Panama City's UNESCO-listed historic district is not a renovation contract but a regulatory choreography. A field guide to the legal grammar that decides what a colonial shell in Casco Antiguo can — and cannot — become.

14 de mayo de 20266 min de lectura
Costa del Este vs Casco Antiguo: how a foreign resident's week actually unfolds in each
◇  Living in Panama

Costa del Este vs Casco Antiguo: how a foreign resident's week actually unfolds in each

The two neighborhoods are 12 km apart and inhabit different cities. A practical compare-contrast of how a foreign resident's day, errands and weekends actually shape up in each.

14 de mayo de 20264 min de lectura
Panama City is hosting the World Free Zones Congress. The metro real estate question is what gets leased after the delegates leave.
◇  Market

Panama City is hosting the World Free Zones Congress. The metro real estate question is what gets leased after the delegates leave.

The annual Congress brings 1,500 delegates from 93 countries to Panama City. For metropolitan property, the durable question is which corporate apartments and office floors get signed in the six months that follow.

13 de mayo de 20264 min de lectura
Panama's construction permits jumped 36% in Q1 — and the sector remains 44% below 2023
◇  Market

Panama's construction permits jumped 36% in Q1 — and the sector remains 44% below 2023

CAPAC says Q1 2026 permits rose 36.3% year-over-year, but cumulative activity is still 44% below 2023. For metro Panama City buyers, the new-build pipeline tells a more nuanced story than the headline.

12 de mayo de 20265 min de lectura
Costa del Este: Panama City's planned-suburb experiment, a generation on
◇  Neighborhoods

Costa del Este: Panama City's planned-suburb experiment, a generation on

Built on reclaimed coastline in the mid-1990s, Costa del Este answered one question well. The harder question is whether a neighborhood designed for the 1997 international family keeps absorbing the buyer of 2026.

12 de mayo de 20266 min de lectura
How property is held in Panama: direct title, corporations, fideicomisos and foreign LLCs
◇  Investment

How property is held in Panama: direct title, corporations, fideicomisos and foreign LLCs

Most foreign buyers default to titling Panama property in their personal name. The other three structures available each trade a different set of costs for a different set of protections.

11 de mayo de 20266 min de lectura
Panama's Economic Substance bill reached the Assembly floor. Metro property has more at stake than most assume.
◇  Investment

Panama's Economic Substance bill reached the Assembly floor. Metro property has more at stake than most assume.

On May 11 the National Assembly opened debate on the bill that conditions Panama's path off the EU's tax-jurisdiction list. The implications for Costa del Este, Punta Pacífica and foreign-buyer banking are concrete.

11 de mayo de 20265 min de lectura
Panama's sovereign spread just hit a five-year low. The property market hasn't fully caught up.
◇  Market

Panama's sovereign spread just hit a five-year low. The property market hasn't fully caught up.

Country risk dropped 190 basis points in two years, but mortgage rates and foreign-buyer compliance friction have barely moved. What the gap means for Panama City real estate.

11 de mayo de 20265 min de lectura