Who does Panama build for?
In short: Panama has a housing deficit of 150,000 homes according to the Housing Ministry, or 322,755 according to the Chamber of Commerce, concentrated in the comarcas and in Darién. At the same time, construction permits grew 43.5% in the first four months of 2026, new home sales fell 34% in 2025 and 2,536 units were left unsold. Foreign investment in housing exceeded 841 million dollars in 2025 and buys 57% of everything priced above 120,000 dollars. With an average salary of 756 dollars a month, a 120,000 dollar home equals thirteen years of gross income. The question is who…