With the aim of encouraging more companies to invest in the development of social housing, the Varela administration has decided to raise from $50,000 to $60,000 the price of social housing solutions that are built in the provinces of Panama and Panama West.

In the resolution, which was published last week in the Official Newspaper La Gaceta, it is argued that the decision to raise the final sale price of the homes was taken ” … in order to make it more attractive to developers nationwide so that they are interested in developing these types of projects.”

See also “Social Interest Housing for $11 million“

According to the decree, ” … in the provinces of Panama and Panama West, for the format for single-family homes, as social interest housing solutions, the sale price may not exceed the sum of Sixty Thousand Balboas (B /60,000.00).“

See also “Social housing: A $588 million business“

The document adds that “ … The format for apartment and multi-family buildings as social-interest homes solutions the sale price at the national level may not exceed the sum of Sixty Thousand Balboas (B /60,000.00).“

See decree. (In Spanish)