Building and acquiring a residence in Panama is expensive in relation to the salary that most of the population receives. The price of materials, the square meter, the payment of taxes, permits and bank financing rates, as well as the payment of benefits to workers in that sector are part of the employer’s obligations, but how much do they earn? How much does the consumer pay?
According to the Single Trade Union of Workers in the Construction and Similar Industry (Suntracs), in the last four years (2014-2017), industry entrepreneurs earned $ 30 billion, of which only $ 5,900 million have been paid in salary.
The latest figure is rejected by the Panamanian Chamber of Construction (CAPAC), which alleges that only salaries disbursed $ 10 billion.