Wednesday, December 31, 2008

Panamanian Development Predictions for 2009

The Panama Report published a posting entitled “Panama State of Affairs – 2009”

Made the following predictions for the new year in 2009
Among the highlights:
1.) The Panamanian banks will tighten their lending capabilities.
2.) Money will begin to come into the country from more unlikely places.
3.) Panama will suffer from traffic infrastructure problems due to the incredible growth, but it will be dealt with.
4.) Panama will make many environmental strides and will become more eco-friendly.
5.) Education will be more highly prioritized as the city becomes more international.
6.) Real estate prices will lower slightly and quality will improve.
7.) The tourism board will begin to push harder for travelers.
8.) Real estate will get “a reality check” where prices will stabilize.
9.) The rental market will attract international residents.

Click here for the entire article…
.What are your predictions for Panama in 09? Let us know!! If you are planning on visiting Panama, come see our properties!!! Visit our site at to see the land we have for sale in Panama!!

Monday, December 29, 2008

Copa to Add Flights to Growing Panama

It was announced, via press release this week, that Copa Airlines will be adding an extra 4 Boeing 737-800 Next-Generation aircraft to its initial 9-aircraft order within the next 3 years. The new 13-aircraft order “will enable Copa to continue strengthening its leadership position in the Latin American airline industry, as well as provide passengers an attractive product an a highly efficient aircraft”, according to CEO of Copa Airlines, Pedro Heilbron.

The Boeing Next-Generation 737-800 will seat 160 passengers.

This newest order by Copa is indicative of the incredible growth in Panama!!! If you are interested in taking a trip to check out the deals in Panama, visit our site at Check out our incredible land deals in Panama….retire or relocate to Panama today!!!

Wednesday, December 24, 2008

Stats Contribue to Panama as Desirable Property...

Last week, it was reported – yet again – that Panamanian growth is strong. Over the third quarter, in sectors including agriculture, manufacturing and services, there was 9.2% growth on a year-to-date comparison.

Additionally, consumer prices fell by 0.6% in November from October 2008, making the move to Panama both economical and a luxury.....

Panama is the place to be if you are looking for land investment or retirement! Visit our site and our blog in order to learn more about living or retiring in Panama and its advantages! Visit for more information!!!

Monday, December 22, 2008

Cruises to Panama Reveal Growth and Land Options

Blogger, Richard Dietrich, posted last week about the different cruising options to Panama.

If you are interested in discovering the growing area of Panama, Dietrich recommends that Southern Caribbean Cruises have cruises at the ports of Colon and Cristobal, however these cruises do not cross the Canal. For those cruises that do cross the Canal, many deport out of Florida and also allow for day excursions from the ships. Royal Caribbean is also offering a new ship that will be sailing round-trip from Colon to parts of Columbia and Aruba. Dietrich also recommends a smaller ship, called the Pacific Explorer, that offers a 10 day cruise of Costa Rica and Panama.

Many of the excursions that can be explored off of the ship include Old Panama, Casco Viejo, the Ports of Colon and Cristobal, and the Ports of Amador and Balboa. Dietrich recommends these on-shore excursions so that you are able to see the country outside of the Canal

Read the entire blog here….

If you are cruising to Panama and are interested in looking for land in Panama, contact us at for more information….

Tuesday, December 16, 2008

Panama Growth Incredible for Properties

Last week, Martin Torrijos, the Panamanian President had an interview with Bloomberg Television, and stated that Panama’s growth should maintain the same high levels of growth and jobs amid the worldwide economic crisis.

It is expected that Panama’s economy will grow between 6.5% and 8% in 2009 and 9% in 2008. President Torrijos also affirmed that the U.S. recession will not affect the $5.2 billion Panama Canal expansion project.

Torrijos stated “If there’s any country that has an advantage that will make the crisis the least traumatic possible, it’s Panama”.

Panama has signed an agreement with 5 overseas banks that will be financing the Canal’s expansion. The banks include Japan Bank for International Cooperation, European Investment Bank, Inter-American Development Bank, World Bank’s International Finance Corp. and Andean Development Corp.

The article has cited that roughly 27% of the world’s container ships are too large for the Canal, which can rise to 37% within the next three years. The Canal is due for completion by 2014.

Panama’s growth is nothing short of incredible!!! Visit our site at to see our incredible properties for sale in Panama!

Monday, December 15, 2008

Panamanian Growth Celebrated by Torrijos and Rice

According to a press release issued by the Panamanian government,

Late last week, meetings were held between U.S. Secretary of State, Condoleeza Rice, and Panama President Martin Torrijos in order to discuss common interests between the two countries.

The meeting, entitled the Pathways to Prosperity in the Americas”, or PPA, were held in Panama City. The purpose of the meeting was to promote cooperation and economic growth in the Western Hemisphere through free trade and open investments. The conference hosted ministers of foreign affairs and commerce from Canada, Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Panama, Peru and the United States.

Secretary Rice thanked Torrijos for hosting the meeting, stating, “I want to thank you and congratulate you too on the great progress that Panama has made during your presidency. We can see the extraordinary growth here in Panama City. We see the project that will expand the Canal. And I also want to congratulate you on the improvement in social indicators on poverty. I know that this is something that was dear to your hear when you became President, and it is very good that you have delivered so much for the Panamanian people. And again, Panama is an example of what can happen when trade and investment and policies for good governance come together to bring social progress for the people”.

Panama has seen 23 consecutive quarters of economic growth!!! Visit our site at to read about living or retiring in Panama and to see our unbelievable Panamanian properties for sale!

Wednesday, December 10, 2008

Panama Q to Cover Growth in Panama

The Advocate, in Stamford Connecticut just published a profile of living in Panama. Among the advantages are lower costs of living, ocean views, and significant growth and development make Panama ideal!

Two natives of Connecticut, Robert Leckie of Greenwich and Elspeth Anne Beier of Wilton, have created a new magazine called Panama Q. The magazine targets high-end readers and travelers and currently has distribution in several 5-star hotels. Panama Q will feature real estate, dining and adventure segments, as well as a “health tourism” section that features the different medical advantages coming to Panama.

Panama has been compared to Miami, Chicago and Manhattan from a metropolitan standpoint, and offers other advantages because it is bordered by both the Atlantic and Pacific Oceans.

Panama Q will have offices in the United States as well as in Panama City.

Panama’s economy is unlike the rest of the world’s fiscal crisis….it is actually doing quite well….Visit our website at to learn about living in Panama and to see our properties for sale in Panama!

Tuesday, December 9, 2008

Historical Panama Crossing - Ship Visiting Panama

It was announced this week that a Russian warship has traversed the Panama Canal for the first time in 60 years.

The Admiral Cabanenko, a 554-foot ship that is part of Russia’s Northern Fleet, entered the port of Colon on Friday. The ship is docked at Rodman, the former US naval base.

The move was seen as part of joint Russian-Venezuelan naval efforts. There were two days of joint exercises with Venezuelan navy vessels. The Russian Ambassador to Panama, Yevgeny Voronin called the exercise a “gesture of friendship” that was aimed at “honing its role in fighting terrorism and drug trafficking”. The Panamanian foreign minister, Samuel Lewis Navarro, commented “as we all know, the Panama Canal is open to all ships in the world”.

The ship’s crossing from the Atlantic to Pacific is the first time a Russian ship has crossed the Canal since WWII in 1944 when four Soviet submarines, that had been repaired, crossed the Panama Canal from the Atlantic to the Pacific. At that time, the Canal was under US control and
Russia and the US were allied in an anti-Nazi coalition.

The Admiral Cabanenko is expected to depart later on Tuesday. The Russian crew was expected to take part in soccer and volleyball competitions with the Panamanian navy in the meantime…..

Panama is an international city that attracts businesses and residents from around the world! Are you interested in visiting Panama – or relocating or retiring in Panama? Check out our site at to see our properties for sale in Panama!

Thursday, December 4, 2008

Panama Tour Groups to Increase During Dry Season

According to a recent press release, a group called Condor Outfitters has introduced a number of new tours to be given during the Panama Dry Season.

The Panama Dry Season, which lasts from March 4th to March 13th, offers particularly exceptional weather to Panama with the absence of rain in our already beautiful weather.

Condor Outfitters is a company that has a history of guided tours in Panama. The tour stops include Panama City, the Panama Canal, as well as options like trips to an Embera Indian Village or a coastal wildlife tour. Condor is a family owned business that was founded in 1991. The owners that have lived in many countries of South America, but have made a second home in Panama

Panama is known for its beautiful and exotic landscape. From horseback riding to birdwatching, Panama offers the beauty of the country, as well as the metropolitan benefits of the city! Are you looking for a second home in Panama? Visit our site at to learn more about our properties for sale in Panama!

Wednesday, December 3, 2008

Panama Agreement to Solidify Incredible Growth

It was announced last week that the Panama Canal and the United States’ Miami Port have renewed and ratified a strategic alliance.

The alliance will boost international trade, according to the Panama Canal Authority administrator, Alberto Aleman Zubieta. The agreement was signed by Administrator Zubieta as well as the director of the Miami Port, Hill Johnson. The agreement is signed and ratified each year by both parties.

The Miami Port is an important ally of the Panama Canal. An international trade center, the Miami Port is the closest port to the canal. The agreement will allow for the continued placement of large cargo vessels. In 2007, the Miami Port received over 2 million tons of cargo from Panama. The two ports include operations of over 20 maritime companies that deliver to 100 countries and 250 international ports.

As the maritime industry experiences incredible growth, the alliance between the two organizations becomes increasingly important. The Panama Canal is slated to be finished in 2014, a $5.2 billion U.S. dollar project.

The growth in Panama is incredible! As the Panama Canal experiences expansion, so does Panama City! Check out the amazing property deals that we are offering at Our site is a resource for those interested in buying land, moving, relocating or retiring in Panama!