The Government of Panama plans to review the preferential interest regime currently applied to housing up to 120 thousand dollars. The objective is to establish a permanent regulation that benefits those sectors of the population that need to acquire low-cost housing.
The Minister of Economy and Finance, Felipe Chapman, has announced that the main aim of this review process is to seek ways to promote the construction of affordable housing. The Government seeks, through a solidarity bond, to establish a regulation that favors the acquisition of low-cost housing, thus benefiting a significant part of the population facing difficulties in this regard.
In Chapman's words: "The goal is for it to become a permanent regulation so that people can enjoy the benefit of a low-interest rate when acquiring their home." This plan ultimately aims to facilitate access to homeownership for those who need it most in Panama.
