Panama Is Short 180,000 Homes and Cannot Sell the 2,536 It Has Built

Real Estate Key Facts —The fall. Panama sold 4,020 new homes in 2025, down 34.4% on 2024 and down from 7,687 in 2023. —The paradox. The country carries a housing deficit above 180,000 units, yet ended 2025 with 2,536 unsold. —The squeeze. Mortgage approvals at this year’s property fair fell more than 70%, to just…