{"id":21021,"date":"2017-09-18T15:16:44","date_gmt":"2017-09-18T20:16:44","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=21021"},"modified":"2017-09-18T15:16:44","modified_gmt":"2017-09-18T20:16:44","slug":"strong-panama-real-estate-market-getting-stronger","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/strong-panama-real-estate-market-getting-stronger\/","title":{"rendered":"Strong Panama Real Estate Market Only Getting Stronger"},"content":{"rendered":"

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Yashu Gola writes in LiveBitCoinNews.com about the growth in real estate in Panama. \u00a0It is evident when you see our highway from Boquete to David ($118 MM) and pass the new Federal Mall ($180 MM) \u00a0as you come into David. \u00a0 I counted no less than a dozen new shopping centers and office building under construction in David. \u00a0We even have a new multi-million dollar shopping plaza under construction here in Boquete!!<\/p>\n

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Panama is a country known for its exotic tourist destinations and breathtaking commercial progress. What proves it is the country\u2019s real estate sector, which, for the first time since the war in 1989, is booming without breaking a sweat. Panama is now exposed to millions of dollars worth of real estate investments. Denizens from different countries, including the USA, UK, and Canada, are buying residential and commercial properties in this new \u201cparadise\u201d.<\/p>\n

The bullish aspects of Panama\u2019s real estate are evident by these numbers: In 2006, the average cost per square meter was near $1,000. By the end of 2015, the value rose to as high as $1,400, and it is still recording a 30-40% upside rally each year.<\/p>\n

John Gilbert, the co-founder of Prime-Ex Perpetual, a Panama-based global real estate solutions company<\/a>, illustrates the growing number of government projects that are assisting the country\u2019s real estate industry as a whole. He states:<\/p>\n

\u201cThe Panama real estate market continues to enjoy a shot in the arm thanks to the many infrastructure improvements that the government is making throughout Panama. Over the last three years, a four-lane highway has been completed from Panama City to the frontera at the Costa Rican border, and four lane highways have been completed from the Frontera to Puerto Armuelles, from Panama City to Colon, from Santiago nearly to Pedasi, and from David to Boquete.\u201d<\/p><\/blockquote>\n

Adding:<\/p>\n

\u201cThe new Federal Mall located on the Boquete Highway just outside of David is a real game-changer for the Chiriqui province and would not have been possible without the four-lane highway. \u00a0This is but one example of the countless projects that are going up across Panama that just would not have been possible without the infrastructure improvements.\u201d<\/p>\n

\u201cThat\u2019s the great benefit of the Panama Canal. \u00a0Monies are available to the government for infrastructure improvements that other countries simply can\u2019t duplicate. Businesses are very fortunate in Panama whenever and wherever the government of Panama chooses to invest in infrastructure, and we\u2019re in a sustained period of the Panamanian government doing exactly that.\u201d<\/p><\/blockquote>\n

Diverse articles published in the main international magazines for retirees (\u201cBaby Boomers\u201d), and second residences abroad, have recognized Panama as one of the best countries to live at a high level, but with low cost of living; all this, motivated by excellent projects directed to this market.<\/p>\n

From this point, there is no doubt that Panama would become the center and model of real estate investment in the region.<\/p>\n

Blockchain to Further the Real Estate Growth?<\/h1>\n

As Gilbert believes, the growth of real estate sector<\/a> can be accelerated even more if the sector transits to new-age technologies like blockchain. There is a lack of transparency in paperwork, loaning process, and a dozen similar issues in the traditional real estate process that need to be addressed and improved upon.<\/p>\n

\u201cBlockchain proposes to be a solution for resolving the issues related to security, compliance, transparency, and efficiency,\u201d Gilbert states. \u201cIt is a public ledger that can automatically record and execute real estate transactions, settle contracts between two parties without a middleman, and most importantly, promises to bring transparency to the whole process. \u00a0While these things won\u2019t happen overnight, the momentum towards blockchain technology is unstoppable. \u00a0At some point, you wake up and realize that you\u2019re the last person riding a horse. Countries that miss this vital technology will fall well behind their peers in both production and consumer confidence.\u201d<\/p>\n

The entrepreneur\u2019s comments come at a time when blockchain is being globally accepted by different sectors, ranging from finance to technology. Gilbert\u2019s very own company is a blockchain-powered tokenized system which improves customers\u2019 home buying experience by cutting unnecessary costs and simplifying financing.<\/p>\n

By understanding the needs of new-age customers, and ensuring cutting-edge solutions, Panamese real estate sector can outdo its own growth in the near future. Startups like Prime-Ex Perpetual are an important step towards that direction.<\/p>\n\n

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    Yashu Gola writes in LiveBitCoinNews.com about the growth in real estate in Panama. \u00a0It is evident when you<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-21021","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nStrong Panama Real Estate Market Only Getting Stronger - 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