Property purchase costs in Panama compared to Latin America
The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).
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| Venezuela |
14.89%
|
| Uruguay |
14.00%
|
| Nicaragua |
12.75%
|
| Costa Rica |
11.76%
|
| Brazil |
11.50%
|
| Mexico |
10.84%
|
| Argentina |
10.79%
|
| Honduras |
10.65%
|
| El Salvador |
9.21%
|
| Ecuador |
8.31%
|
| Panama |
8.30%
|
| Peru |
7.99%
|
| Paraguay |
7.51%
|
| Colombia |
5.86%
|
| Chile |
5.35%
|
| Bolivia |
4.50%
|
| Guatemala |
4.15%
|
Panama has no house price statistics. Panama has some very basic financial statistics at the Superintendencia de Bancos de Panam'. General statistics are to be found at the Direccion de Estad'stica y Censo under the Controlar'a General de la Rep'blica de Panam', which also has links to a number of other data areas with time-series.