Panama’s 1Q Gross Domestic Product Expanded 4.9% On Year Panama’s new Financial Tower planned for development next year We have continuing good reports as the 1st Quarter Economic indicators here in Panama are very positive. This just in from the Wall Street Journal DOW JONES NEWSWIRES • JUNE 15, 2010, 8:18 P.M. ET The […]
VENAO BEACH, PEDASI PANAMA Asking Price: $1,450,000 USD The property is located directly on the ocean at Playa Venao and consists of approximately 5 hectares or 12.35 acres of land. Title is held to 3 hectares and direct repository rights are held on the 2 hectares along a stream that abuts the property. The beachfront […]
We have listed some additional properties in Azuero, one of our favorite areas in Panama. We have reported on numerous occasions in the past on the upside potential in this market for investment in oceanfront and ocean view properties. Well in the last 60 days several large tracts have sold including one of our favorite fincas in […]
Investment and Housing Panama City continues to see a softening in values and sales in the overbuilt condominium sector. However, there is a silver lining in the grey clouds above. To digress a moment, I would like to share a recent study with you of Miami’s overbuilt condominium market sector for a comparison of the healing […]
While life in Panama can be a challenge now and then when the power goes off and your battery back up systems slowly drains to zero, life without internet and email does not mean the end of the world. My daughter is here for another two weeks and having weaned her off of her Blackberry […]
Well, the news is still good from all corners of Panama, Central and South America as Latin America continues to surge ahead despite mister magoos wild ride on Wall Street and the Greeks trying their best to destroy themselves along with Spain, Portugal and most of the EU rim. I took a break from all the […]
It seems that daily we read news that Panama banks are flush with cash, that hydro power plants are expanding to keep up with a doubling in demand, that consumer spending is increasing with the development of a blossoming middle class and foreign investment is increasing with leaps and bounds. Panama is poised for explosive […]
Immobiliare Real Estate Development (IRED) announced in La Prensa the development of two new hotels here in Panama. Immobiliare Real Estate Development group (IRED) will own a majority share in the hotels, but as per Hyatt franchising rules and standards, the hotels will be managed by Hyatt. Josep Malca, president of IRED, says some $50 […]
I can remember when I was able to shop for the best CD rate and got a great Panama Bank CD with a 5% rate and savings accounts were 3% to 4%. You will find it hard to get a bank to pay more than 3% for anytrhing today as they are flush with deposits. […]
Hotel Casco Antiguo Landmark Hotel Investment Opportunity A few weeks ago when I visited Panama City, I stayed at a friend of mines hotel in Casco Viejo or the Old City as it is known. WOW, what an experience staying in this part of Panama where the first pioneers who used the Panama Canal stayed. I had the […]