CAPAC Backs ITBI Elimination for New Homes Up to B/.120,000
PANAMA CITY, July 30, 2026 – CAPAC backed the Cabinet Council decision to eliminate ITBI for new homes valued up to B/.120,000.
Telemetro reported that the construction chamber said the measure could support access to housing and employment. The policy is significant because purchase costs can influence whether families enter the formal housing market.
For buyers, tax relief can reduce upfront costs, but the practical impact depends on financing conditions, available inventory and whether developers pass the benefit through in ways that make homes more attainable.
For the construction sector, the measure could encourage activity in the affordable and middle-income housing range. That may also affect jobs tied to building, materials, sales and related services.
The story has business and household relevance because housing affordability remains one of the most concrete economic issues facing families.
Why it matters
Reducing transaction costs on new homes could affect affordability, construction demand and employment in related sectors.
What happens next
Buyers and developers will be watching the final implementation details, eligibility rules and how quickly the measure affects market behavior.
