The Panama economy is strong, prosperity is spreading throughout Panama society and investment in commercial real estate is reaping benefits. Since the United States handed over the Panama Canal in 1999 Panama has been developing the old Canal Zone. New ports and material handling facilities are being built and on the drawing boards. As the perception of Panama as a colony of the United States dissipates commercial real estate investment flourishes. Read Full Story
Panama has a history of military interference in politics including military coups. Panama was ruled by two military strong men from 1969 to 1989. In 1990 one year after the ouster of Manuel Noriega Panama abolished its military. What follows is a brief history of Panama’s military. Read Full Story
Reuters reported in August 2008 that "Costa Rica vacation homes [are] hit by [a] crisis." Asking prices for beach homes in Costa Rica have dropped 40 percent from their peak three years ago. Twenty percent of the decrease has been in the last six months. According to Reuters developers are holding on to empty buildings in some cases instead of dropping prices. An example of the drop in prices is a three bedroom home is a beach town (Tamarindo) that sold for $490,000 after an in... Read Full Story
Panama Panama is the small Central American country just above South America. As the America’s narrowest country (fifty miles) on both oceans Panama is the site of the Panama Canal. Long known as a tropical paradise Panama has become a transportation hub for the Americas and is in the midst of an economic boom. Panama’s boom in commercial real estate and housing is primarily tied to heavy foreign investment which increased greatly after the USA turned over the Panam... Read Full Story
Remilitarization is a hot topic in some circles in Panama. Since the United Stated invaded and captured Manuel Noriega in 1989 Panama’s new government reduced its military. The argument is being made that Panama needs to reconstitute its military to be able to defend the Panama Canal and to deal with drug related terrorism. For the potential investor in Panama real estate how will this scenario play out and who will benefit? Panama Panama is a crossroads for world trade. Th... Read Full Story
With the long US presence in Panama there is a substantial portion of the Panamanian population who speak English. In face, by law English is Panama's second language. The number of outsourced call centers in Panama testifies to the number of educated Panamanians whose English passes the test of conversation. Despite the large number of call centers in Panama there is a continuing need and opportunity for investing in call centers in Panama. If you don't want to run the call cent... Read Full Story
Reuters reported in August 2008 that "Costa Rica vacation homes [are] hit by [a] crisis." Asking prices for beach homes in Costa Rica have dropped 40 percent from their peak three years ago. Twenty percent of the decrease has been in the last six months. According to Reuters developers are holding on to empty buildings in some cases instead of dropping prices. An example of the drop in prices is a three bedroom home is a beach town (Tamarindo) that sold for $490,000 after an in... Read Full Story
Many investors, families and retirees have turned to searching for Caribbean investments in Central America. For many, they first searched Mexico, then El Salvador and Costa Rica, trying to find a combination of cost of living and quality of life. In order to find the perfect mixture of these two qualities, many people have gone a little farther to the south and discovered real estate in Panama. With Panama property, they have found that perfect blend that they were seeking. More Read Full Story
ABPanama Real Estate Agency can find you the best real estate in the Panama Caribbean as well as throughout the country of Panama. Caribbean real estate in Panama stretches from Bocas del Toro Province on the Costa Rican border down to Colon City at the Caribbean end of the Panama Canal. There is plenty of Caribbean beach front property along the coast at good prices. Ask ABPanama Real Estate Agency to help you find the Caribbean listings that are right for you.
Purchasing Caribbean R... Read Full Story
