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 www.panama-land-for-sale.com to see the land we have for sale in Panama!!

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 www.panama-land-for-sale.com. Check out our incredible land deals in Panama….retire or relocate to Panama today!!!

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 www.panama-land-for-sale.com for more information!!!

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 panama-land-for-sale.com for more information….

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 www.panama-land-for-sale.com to see our incredible properties for sale in Panama!

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 panama-land-for-sale.com to read about living or retiring in Panama and to see our unbelievable Panamanian properties for sale!

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 panama-land-for-sale.com to learn about living in Panama and to see our properties for sale in Panama!

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 panama-land-for-sale.com to see our properties for sale in Panama!

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 www.panama-land-for-sale.com to learn more about our properties for sale in Panama!

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 www.panama-land-for-sale.com. Our site is a resource for those interested in buying land, moving, relocating or retiring in Panama!

Panama Health Care - Positive to Land for Sale, Relocating, and Retiring

First Lady, Laura Bush, has commended Panama for joining a regional alliance for breast cancer awareness and research

Panama joins the alliance with the U.S., Brazil, Costa Rica and Mexico. The alliance will include sharing information with the University of Texas, the Susan G. Komen for the Cure, and MD Anderson Cancer Center. The alliance has been named the Partnership for Breast Cancer Awareness and Research of the Americas.

The First Lady spent two days in Panama, meeting with Vivian Fernandez de Torrijos, the First Lady of Panama.

The entire effort of the Partnership effort, announced by Mrs. Bush in July 2007, is to increase breast cancer detection and awareness, to produce clinical resources and research and to reduce related deaths to breast cancer. M.D. Anderson has taken the role of the Partnership’s head medical advisory.

The ceremony was held at the Ministry of Foreign Affairs in Panama City. The President of M.D. Anderson, Dr. John Mendelsohn, M.D., stated “We are pleased to have the opportunity to extend our work with the Partnership to Panama. Mrs. Fernandez de Torrijos is commended for her dedication and commitment to reducing breast cancer and her efforts to engage the Partnership for the benefit of women in Panama, across Latin America and around the world”.

This latest information is further sign of the superior medical care and attention to health care that has become a standard in our developing country of Panama. Visit our website at www.panama-land-for-sale.com to see information about living, retiring, or relocating to Panama!

Panamaian Growth up Over 8% for September

The Panama City government announced yesterday that Panama’s economic activity for September 2008 rose 8.24% compared to September 2007. Economic activity increased 9.24% from August 2007 and August 2008.

As countries around the world have felt the credit crisis affect their economies, many have been watching Panama’s impressive growth amid a possible global recession and liquidity crisis.

Regardless of the global economy, the Panamanian government expects total 2008 growth up over 9.5%. According to the comptroller’s office, the industries pushing the economy upward are construction, real estate, hotel and restaurants. Much of this growth was from an increase in the number of tourists, with a particular rise in European visitors.

Panama is growing by leaps and bounds! Called the “new Miami”, developers, residents, and retirees are all looking to take advantage of Panama’s thriving economic situation! Check out our site at www.panama-land-for-sale.com to read more information about moving or relocating to Panama!

New City in Panama to Increase Growth?

It was announced this week that British company, London & Regional Properties, is slated to transform the former U.S. Howard Air Force base in Panama into a new residential and commercial complex.

Howard Air Base closed in 1999 following Panama taking control of their Canal from the U.S.

The new complex is slated to cost $70 million and will be named the Panama Pacific Center. The Center is expected to create 20,000 new homes and 11 million square feet of commercial space. The project will create a new city within Panama City.

The project is slated to take 40 years and is expected to create 40,000 jobs. Financing for the project is slated to be over $750 million and has been put in place by UK Trade & Investment.

Panama is on the move! Panama’s economy is one of the strongest in the world right now. Are you thinking of moving to Panama or retiring in Panama? Check out our website at panama-land-for-sale.com for more information about living in Panama!

Panama Growth to Be Helped by Brits

Ttglive.com, the UK’s travel website, announced this week that Panama expects to double the amount of UK visitors from 2007.

Among the highlights of the article that cite Panamanian growth:

• In 2007, 8,000 Britons visited Panama. Already in 2008, there have been 7,400 visitors.
• Panama’s tourism industry is the country’s #1 industry and has grown by 24% over the past year.
• Tax-free inducements are offered to hotel developers until 2015.
• There are 104 new hotel projects underway.
• Investment in real estate and hotels in Panama is more than in Central America and the Caribbean combined.
• 20% of properties at Nikki Beach have been pre-purchased by Brits.

View the entire article here.

The growth in Panama is absolutely amazing!! Visit our website or contact us for more information about moving, retiring, or relocating to Panama. Our website, www.panama-land-for-sale.com lists the properties we have for sale outside of Panama City.

Buddha Bar Moving into Developing Panama City

Buddha Bar Hotel & Spa announced last week that Panama City, Panama will be its newest location. Buddha Bar is an international phenomenon of Oriental inspired luxury hotels that feature hotels, restaurants and spas.

The group behind Buddha Bar has more than 10 years of experience that began in Paris and has expanded to London, Cairo, Beirut, and Dubai. In addition to the Panama City location, the group plans to open in Prague this summer.

According to the release issued by the group, “Buddha-Bar creates an exotic journey that includes eclectic design, hypnotizing music, and magical food mixing the boldness of Asian flavors with the delicacies of France. The combination results in an incomparable escape from the everyday world, bringing elite guests back over and over again.”

Buddha Bar keeps an east-meets-west theme and focuses on a celebrity clientele and those wanting to “be seen”. The group created the concept of “eatertainment”, where dining is more than just an eating experience.

The new hotel will be located downtown Panama City. It will feature “full-service suites with cozy and contemporary Asian interiors, an iconic restaurant, and their internationally acclaimed spa.” The release also claims that “Guests will enjoy the glamour and elegance of a 5-star hotel and unparalleled customer service that defines Buddha-Bar’s philosophy…Residents and tourists of Panama City will be overjoyed to finally have a sophisticated scene for evenings out that compares to the rest of the world’s top cities”.

It’s heating up in Panama! With the economic boom that is taking place, more people are flocking to Panama! Check out our site at panama-land-for-sale.com to see our incredible land deals in Panama!!!

U.S.-Panama Ties to Remain Strong

The results of last week’s U.S. presidential election should not affect Panama in any significant capacity.

Last week, Panamanian Foreign Minister, Samuel Lewis Navarro, reported that “For Panama, the result will not make any difference to the continued strengthening of the special ties between both countries”. Neither candidate would be initiating policies that interfere with the historical relationship between Panama and the U.S.

Panama and the United States are completing an agreement called the U.S.-Panama Agreement (CPA). The agreement has been signed by both governments after three years of negotiations. The agreement calls for eliminating tariffs and other trade barriers for goods and services between the U.S. and Panama. The Panamanian National Assembly ratified the agreement on July 11, 2007 and is now waiting for ratification from U.S. Congress, which is expected to pass.

Panama has become home to many Americans, as well as other world citizens. Land prices, healthcare, and a strong dollar all contribute to a robust economy for those looking to move or retire in Panama. Visit our site at www.panama-land-for-sale.com for more information about our land deals in Panama!

Homewatch CareGivers Expand to Panama

Homewatch CareGivers recently announced that they have plans to open a new, international office in Panama.

Homewatch CareGivers is “one of the largest and most experienced international franchise providers of full-service, in-home care for people of all ages”.

The new Panama City, Panama location is the sixth country of expansion by Homewatch CareGivers.

The President of Homewatch CareGivers, Leann Reynolds, stated:

“The caregiving issues facing families, the elderly and women with children and aging parents are universal. Panamanians face the same struggles and stresses their contemporaries experience worldwide. Helping families and providing the highest quality of companion, personal and comprehensive in-home care services is our mission.”

Homewatch was founded in 1980 and has provided home care for seniors, children, veterans, and the chronically ill for over twenty-five years. The company has a network of 165 territories and over 100 franchise owners.

This is more positive information for those that are looking to retire in Panama. Panama is a great area for retirees. Economically, Panama allows retirees more for their dollar. Visit our site at www.panama-land-for-sale.com to see our economical land deals.

Panama Banking Growth - Good for those Relocating

More reports emerged this week about the positive state of affairs in Panama and how the country has not been affected by the global financial crisis.

Gisela Vergara, who is the Panamanian minister of commerce and industry, spoke this week at a forum in Tokyo. She stated that Panama has experienced fewer losses due to its sufficient liquidity within the country’s banking system.

Panama is one of the largest financial centers of Latin America, but has no central bank. The economy is based on regional financial services, and has had growth of local and foreign savings following U.S. problems. Panamanian banks offer tax-free bank savings and low interest rates on bank loans. There is no sub-prime mortgage market in Panama, but much of the country’s economy is based on the United States.

Panamanian President Martin Torrijos claimed earlier in the year that the country is prepared to face the crisis. The expansion of the Canal has allowed for further economic expansion, and the country offers economic incentives to business and individuals looking to relocate to the country.

Check out our incredible land deals in Panama! Now is the time to move or retire in Panama and experience the international growth! Visit panama-land-for-sale.com to check out our properties and other facts about moving to Panama.

Celebrities Relocating to Panama...

It was reported last week that numerous celebrities and other internationals are gravitating to Panama due to its charm and affordability. Panama’s unique proximity to both the Caribbean and Pacific are factors in allowing fabulous weather and scenery….

The Caribbean properties, in places like Portobelo, are waterfront and mountainous. Portobelo is an ex-Spanish fortress town that has attracted many new residents. People are also fascinated by areas like Casco Viejo, the site of many scenes in the new James Bond flick, Quantum of Solace. Companies like Nikki Beach and Hard Rock also have plans for large-scale developments in the near future.

People are drawn to Panama due to the fact that it is incredibly affordable, has a stable economy and low crime rate, as well as over 300 sunny days a year. It is the fastest-growing economy in Latin America and the 2nd largest free-trade zone in the world, slated to launch thousands more jobs. Property inquiries are up 150% from this time last year….

We have properties for sale in Portobelo and surrounding areas! Visit our site at panama-land-for-sale.com to view facts and figures about Panama, about relocating or retiring in Panama, and our unbelievable land deals!!!

Panama Canal Reports Growth and Development

Last week, further good news for Panama’s development emerged – the Panama Canal has hit record-high revenues in 2008.

The 2008 income for the Panama Canal Authority hit a record high of 2.007 billion dollars, with the fiscal year ending September 30, 2008.

According to numbers by the PCA, the numbers for 2008 were up 14% from 2007, which resulted in income of 1.76 billion dollars.

The Panama Canal Authority’s Vice-President of Canal Operation, Manuel Benites, has reported that the organization is doing surprisingly well considering the global fiscal crisis. According to Benites, the Canal reported increases in passenger vessel transits up 17.6%.

Further growth is anticipated due to the increased time required for ships to cross the Canal, which measures 80 kilometers. Current wait time for cargo ships is 31.55 hours, up from 27.84 hours in 2007. The PCA credits the wait time to maintenance on botht he Pedro Mighel and Miraflores locks. On a brighter note – the number of accidents fell from 1.09% to .68% per thousand transits.

Amazing development is occurring in Panama – are you interested in moving or relocating??? Visit our site and our blog as a resource for information about the new growth and prime properties for sale near Panama City!!! Check out www.panama-land-for-sale.com.

James Bond Goes Panama...

The newest James Bond film, Quantum of Solace, features our own Panama in many parts of the film….

The film has been filmed in fabulous parts of Mexico, Panama and Chile. The flying segments were filmed in USA and Baja, California over the Sea of Cortes and the desert. The setting of the film is portrayed as Bolivia, but is actually parts of Panama and Chile.

The Quantum of Solace, the 22nd Bond film, stars Daniel Craig as Bond and co-stars Ukrainian actress, Olga Kurylenko. The film “continues the high-octane adventures of James Bond in Casino Royale”, according to producers.

The film features Scenes in Chile’s Atacama Desert and the Cerro Paranal Observatory. The cast and crew also took over many areas of Panama including: the old quarter of Casco Viejo, the Bay of Panama, the Panama Canal, the Club de Clases y Tropas (General Noriega’s former oceanside palace) and in parts of Colon, on the Caribbean side of the country. In the Casco Viejo scenes, members of the Embera tribe wear bowler-hats as extras.

The 1987 James Bond film, “The Living Daylights”, starring Timothy Dalton as 007 was also filmed in Panama.

Check out our Panama properties near Panama City and Colon. Visit www.panama-land-for-sale.com to view our incredible land deals! Use our site as a resource for moving or retiring to Panama.

Panama Development - Diamond Exchange will add to Growth

It was announced on Sunday that the Panama Diamond Exchange will launch Friday, October 24th. The ceremony on Friday will include government ministers and international leaders of the diamond and jewelry industries.

Leaders slated to attend the opening ceremony include:

• Avi Paz – President of World Federation of Diamond Bourses (WFDB)
• Gaetano Cavalieri – President of The World Jewelry Confederation
• Eli Izhakoff – Chairman of World Diamond Council
• Jacob Banda – President of Diamond Dealers Club of New York
• Alex Popov – President of Moscow Diamond Exchange

The Panama Diamond Exchange is the first and only complex dedicated to gemstones and jewelry in Latin America. The new exchange will encourage the development of Panama as an international hub for diamonds. The Panamanian government plans to grant the exchange Free Zone status.

The new exchange will be located near the business center in Panama City, close to the main international airport. The facility will be a secure building that will house offices, showrooms, gem labs and banks. The Panama Diamond Exchange will be Latin America’s only member in the World Federation of Diamond Bourses.

The Diamond Exchange is among many exciting growth and development initiatives in Panama!!! Are you interested in retiring or relocating to Panama? Check out our Panama properties at www.panama-land-for-sale.com for more information about our land deals outside of Panama City!

Panama Banking is Good for Growth...

Reuters reported this week that Panamanian President, Martin Torrijos, is reporting a strong Panama banking system, amid the current global credit crisis.

Torrijos pledged preparation, responsibility, and management in order to insure that the country stays in a positive financial position. At an appointment ceremony for new Banking Supervisor Olegario Barrelier, an experienced banker.

Barrelier cited that Panama’s liquidity is at 58% of total deposits, with a total of liquid assets at $13.54 billion US dollars. Fortunately, Panama is not reliant on external funding. Advantages are due to the fact that Panama has no sub-prime mortgage market and is aggressively tightening up current credit. The banking environment is now home to over 80 international banks, and is one of the largest banking centers in Latin America including banks like HSBC, Citigroup, and BBVA.

Make your investment here in Panama! It is a great time to relocate or retire in Panama – the US dollar buys a significantly better quality of life. Despite the global financial crisis, Panama’s economy is expected to post a growth of 9.5 percent this year. Make your move – visit www.panama-land-for-sale.com to see our incredible land specials in Panama!

Panama Canal Expansion Continues...

It was just announced that the Panama Canal expansion has justified a $400 million loan. Inter-American Development Bank will be handling the loan.

Panama Canal Authority administrator Alberto Aleman stated that the IDB loan approval demonstrates the confidence and security of the Panama Canal Authority’s expansion project “despite the world financial crisis”.

The Panama Canal Expansion project is a $5.25 billion construction project that is scheduled for completion in 2014. The project will include two additional locks that will double the 50-mile Canal’s capacity.

The Panama Canal is responsible for 5% of the world’s cargo shipping. The Panama Canal Authority is expected to borrow up to $2.3 billion from 2009-2011 for financing and continuation of the Canal expansion. The Canal will pay back loans through additional taxation of 3.5% for shipping tolls.

The Panama Canal expansion project is evidence of the growth here in Panama! If you are interested in moving or relocating to Panama, visit our site to see our special land deals in Panama! Go to www.panama-land-for-sale.com for more information about relocating!

Further Expansion and Development in Panama

It was announced that there is a third contract open for bidding to expand the Panama Canal and its access to the Pacific Ocean.

The latest contract, according to the Panama Canal Authority, is for the removing and disposing of 8 million cubic meters of material that takes up a total of 4.2 miles of the Canal. The contract will be awarded through competitive bidding placed by contractors. The cleanup initiatives will include vast deposits of ammunition and explosive that were deposited from former military presence in the area.

The Panama Canal expansion began in 2007 and is a $5 billion plus project for the country that is slated for completion in 2014. The newest expansion will mark a 100 year anniversary from its initial construction.

The Canal provides access through both the Pacific and Atlantic Oceans. The Panama Canal project began in 1904, and was initiated by the U.S. government, reaching completion in 1914. Control of the Panama Canal was handed over to the Panamanian government in December 1999.

The Canal currently allows for large container ships with up to 5,000 containers to pass through from ocean to ocean. The latest expansion will allow ships as large as carrying 12,000 containers passage through the Canal.

Another sign that Panama’s growth continues!!! Keep checking out our blog to read about development and economic progress in Panama, and reasons to move or retire to this emerging nation. Visit www.panama-land-for-sale.com for information about living in Panama and to see our incredible land deals!

Panama Canal Founder Honored with Space Trip

The Panama Canal hosted NASA Astronaut Dr. Scott Parazynski this week. Dr. Parazynski presented the Panama Canal Authority with a Panama flag and a collection of photos in honor of Col. David DuBose Gaillard, an ancestor of Dr. Parazynski.

Colonel Gaillard was the a member of the U.S. Army Corps of Engineers, and the man faced with the challenge of cutting through the Continental Divide to create the Panama Canal. The nine-mile strip of land that was to be cut to create the Canal was originally named the “Culebra Cut”. Because Gaillard died in 1913, before the Canal was completed, the project was renamed the “Gaillard Cut” in his honor.

Dr. Parazynski, a descendent of Gaillard, took a VIP tour of the Canal following the official ceremony at the Miraflores Locks. Parazynski claims that there are many similarities in the challenges that face both the space and oceanic areas of study.

Parazynski flew Gaillard’s items in his most recent space mission and has returned them to the country of Panama to celebrate Gaillard. Dr. Parazynski has logged five shuttle flights and a total of 1381 flight hours. He is a recipient of the NASA Exceptional Service Medal, the NASA Distinguished Service Medal and the NASA Space Flight Medal for performing a spacewalk to repair a space station solar array.

Visit the Canal! Visit Panama! Are you looking to more or retire to Panama? Use our site as a resource! Visit www.panama-land-for-sale.com to view information about Panama and to see our incredible land specials!

Noriega's Panamanian Land For Sale...

The Panamanian government has announced that it will be auctioning off two mansions once owned by Manuel Noriega.

The mansions, while dilapidated, are culturally significant. Noriega was the former Panamanian general and military director of Panama from 1983-1989 that assumed a dictatorship role for himself. He was overthrown in 1989 by the U.S. government and convicted in Miami, FL in 1992. Noriega is also charged by other countries – including Panama – for international charges including money laundering and drug racketeering.

The auction of Noriega’s former mansions will occur at the end of October, and has the potential to bring in $6 million to the government. The auction will be the first action on part of the government to auction Noriega’s possessions.
The Noriega family has worked for years to block the sale of Noriega’s homes. The government is pursuing the sale of other homes as well.

Panama has changed significantly since the days of Noriega! Read our blog and go to our website to learn about living in Panama today. Panama is a haven for retirees, with many benefits! Visit our site at www.panama-land-for-sale.com in order to learn more about the advantages of living in Panama!

Good Works in Panama

This week, The Boston Herald ran an inspiring story about Oylan Dong, a 17-year-old student in Cambridge, Massachusetts and the good works that she is doing in our adopted Panama…..

Dong began fulfilling a 20-hour community service requirement for high school graduation, and became passionate for Panama and its social development. Dong has made six trips to Panama within the last two years and has made incredible donations to the country of Panama.

Dong, assisted by a former US Embassy coordinator and both of her investment banking parents, has raised more than $35 thousand dollars in private donations to provide supplies for Casa Esperanza, a large children’s organization in Panama City, has helped to improve the infrastructure of the San Jose de Malambo – one of the largest orphanages in Panama, and has even purchased a home in the mountains outside Ciudad Del Nino, Panama for a family of seven that did not have a home prior to her help.

Dong’s work so inspired her, that she is now planning to focus on international affairs in college. She plans to return to Panama throughout her studies….click here to read the entire article.

Are you looking to move to Panama? Our website at www.panama-land-for-sale.com is a great resource to find out information about relocating to Panama, and lists our incredible land specials!

Europeans Moving to Panama

Panama has seen a significant rise in the number of Europeans moving to the country. Because the euro has strengthened in the current economy, a large number of European investors are shifting their dollars to Panama.

The European real estate market, like that in America, has softened substantially. Comparably, Panama offers a huge discount on real estate, as well as cheaper energy costs. The coastal areas, like Casco Viejo, are reminiscent of Europe with a variety of architectural styles and cultures.

Panama’s offshore banking is also appealing to Europeans, as Euro banks laws become more stringent. The area is more affordable and offers a better standard of living, without the expense.

Are you interested in affordable property in Panama? Visit our website at www.panama-land-for-sale.com to learn more about living in Panama, and to see our real estate specials!

Casco Viejo Among the Development in Panama

Last week, a variety of publications and online resources, including the New York Times, reported about Casco Viejo - the new “it” place in Panama.

Casco Viejo, also known as Casco Antiguo and San Felipe Catedral, is one of the oldest Panamanian cities. Located on the peninsula that runs along the coast of Panama City, Casco Viejo is an old, oceanfront community filled with colonial homes, museums, and a booming nightlife. Casco Viejo is being defined as the “cultural cornerstone” of Panama, drawing comparisons to Miami and Havana.

UNESCO named Casco Viejo a World Heritage Site in 1998. The city was originally founded in 1673, but was destroyed by pirate attacks and disease.

Since rebuilt, many of Casco Viejo’s buildings are being converted to new and modern museums, boutiques, nightclubs and luxury apartments. The city is a combination of architectural styles, having Caribbean, French, Colonial and Art Deco influences.

The development and nightlife have not hindered the city’s safety, as the government has put special policing controls in place that monitor the city closely in order to protect both tourists and residents in the evening.

Casco Viejo’s growth is indicative that it is a great neighborhood for those still interested in buying property in Panama…..Are you interested in making the move to Panama? Visit our website to see the properties that we have for sale near Caso Viejo and other areas of Panama! Visit www.panama-land-for-sale.com for more information.

Moving to Panama? Do Your Research....

This week, The Panama Report featured a special on high-rise condos in Panama City. Recently, Panama City, Panama has been attracting a luxury crowd – of both developers and buyers.

The Panama City market is still booming, but has slowed from the huge boom that took place from 2002-2006. There are currently over 100 condo towers in some phase of construction with a projected 20,000-30,000 units for sale. With new Miami South Beach developers moving into the area with grand condo/hotel plans, will the boom stay intact?

Yes. It is a great time to buy in Panama, as you have negotiation on your side, but you must do your homework. The article we read gave the following statistics about the Panama City high-rise market:
• most sales have occurred since 2004
• most units range between 100m – 200m
• priced between $300,000 to $600,000
• median price is $3,000 per m

This being said – it can be a good time to invest in buildings that have already been established, rather than brand-new properties.

On another note, banks have tightened up like everywhere else in the world. Lending is more limited in Panama than other countries, requiring up to 50% of the down payment for financing. There is no secondary market for mortgages in Panama.

Do your homework. Understand the cyclical and regional implications that real estate carries with it…..

We are happy to help you with your research! If you are considering moving or retiring to Panama, visit our site to see our incredible land deals! Our site, www.panama-land-for-sale.com lists facts, figures, and properties in Panama!

Panama Development Appeals Across the Pond

This week, the Irish Independent published an article titled, “Tailor-made Money Spinners in Panama: Secure Your Future”. The article prices condos in Bella Vista, Panama being developed by an Irish development company that is selling apartments in Panama starting at $92,000.

The article cites that there has never been a better time to buy in Panama with current “yields running at 10% and demand for property at an all-time high”.

Calling Panama “the Switzerland of Latin America”, the article continues to praise Panama for its location, climate, economy, tax incentives, and growth path. For Europeans and Americans – Panama is a thriving location that is quickly going up in value.

Check out our site at www.panama-land-for-sale.com. We have land deals in Panama that are completely affordable! Come move or retire to Panama and enjoy our unprecedented growth!

Telecom Developments to Help Growth

Another fabulous advancement in Panama!

The Jamaica Observer reported this week that Digicel Group is making plans for a $334 million investment in Panamanian operations.  According to the paper, the project “consists of the construction and operation of a Greenfield mobile cellular telephone network in Panama”.

This mobile network should help with infrastructure concerns from rapid development that have been voiced by Panamanian residents.

Digicel acquired their license in May for $86 million, due to its work and success in the Caribbean, where the company is the fastest growing GSM operator.  The company currently has over 6.5 million subscribers in 23 key markets.  Digicel is the third company to acquire a license, and the IFC provided a $50 million investment.

Digicel’s contract will provide a more reliable, high-quality network for telecommunications services at affordable costs for Panamanian visitors and residents.

Digicel Operations will be headquartered in Panama City, and the financing of the project is coming from the World Bank.  The contract should result in over 1,000 new jobs in Panama.

Read the entire article here.

Are you interested in moving or relocating to Panama?  Use our site as a guide.  We have investment and residential land deals listed at www.panama-land-for-sale.com.  Visit us to see our featured properties!

Panama Tourism Indicates Further Growth and Development

Yesterday, the Sun-Sentinel reported about the growth in Panama taking a bite out of South Florida’s tourism.

This year, Panama’s international tourism was up 30% from last year, having placed hundreds of millions into the city’s hotels. Many are now calling Panama the ‘new Miami’ and the ‘hottest spot for new hotels outside the Middle East’s Dubai’.

Panama’s visitors from South America and the Caribbean have increased, and many are moving to the country as well. Travelers and retirees from the U.S., are drawn to the country due to its use of the dollar and its closeness to Florida (3 hr flight).

The growth will continue as well. The Seminole Tribe’s Hard Rock International has plans for the area. It will be their first Latin American hotel. Other luxury hotels are moving to the area with hopes of luring an upscale crowd to the area.
Nikki Beach Hotels & Resorts, Buddha Bar, and Breezes Resorts are all planning to open hotels in Panama City.

These are very exciting developments, and are due to the local government’s accommodations that are encouraging hotel investment and development. With the expansion of the Canal, the city is planning over 8,000 new hotel rooms.

This is terrific news for those of us who have decided to live and invest in Panama. The growth continues….It’s not too late to get in on the action! Visit our website at www.panama-land-for-sale.com for information on our land investment deals!

Expansion in Panama Can Continue

We’re all breathing a sigh of relief here in Panama.  Yesterday ended a strike at both ends of the Panama Canal – due to workers walking out on strike.  Thankfully, for all parties involved, it did not disrupt shipping on our vital waterway.

Crane operators and harbor towage workers in Balboa and Cristobal walked out in the morning, but have now resolved a dispute with the government concerning wages.

Because the dispute was settled amicably, our economy and the expansion work will not be hindered.  The Panama Canal is responsible for roughly 5% of global shipping, and is about 1/5 of Panama’s total economy.

The Cristobal port, on the Atlantic side, handles mostly container ships.  The Balboa port, on the Pacific side, is one of the largest ports in Latin America.

Our economy in Panama is booming, and so is the housing market.  Are you thinking of relocating or retiring in Panama?  Visit our blog and our website for all of the latest information on Panama, our development, and land specials!  Go to www.panama-land-for-sale.com for more information.

Panama Lighting Up Due to Growth

Panamanian President, Martin Torrijos announced on Monday plans for “Operation Light Bulb”. The project will involve handing out roughly 6 million energy-saving light bulbs to Panamanian citizens (an average of 2 per citizen).

The purpose of the project is to lessen the increasing demand for electricity in Panama. By switching to the energy-saving bulbs, blackouts can be prevented – which had begun to peak in May with increasing electricity demand.

Due to the developmental and rapid growth in Panama, local energy providers are strained. The country is currently building another 15 energy generation facilities, due by 2012.

The government has purchased $13 million worth of the fluorescent energy-saving bulbs in order to take the strain off of the current electrical providers. The energy-saving bulbs are far more more efficient than their incandescent bulb counterparts. If Panamanian residents would use the bulbs, it could replace the construction of a 60 megawatt power plant that would cost ten times what the energy-saving bulbs are capable of.

Similar energy saving plans have already taken place in Cuba, Venezuela, Europe and Australia to great success. 3 million energy-saving bulbs will be delivered later this month and distributed at no charge to poor areas outside Panama City.

Take part in the amazing growth in Panama! Visit our website at www.panama-land-for-sale.com to see our incredible land deals and to view our properties for sale!

Panama - 30% Better Return on Dollar

The Meetings Industry Megasite profiled our favorite location – Panama – this week. Citing both the weak economy and declining dollar, Panama stretches the US dollar to its max.

According to the site, international travel has increased for corporations, due to the fact that they are able to stretch each dollar in Panama. According to the Director of Global Sales for InterContinental Hotels, countries like Panama offer a 30% better return than other places, like Europe. Rooms, food, drinks, and transportation are all much cheaper in Panama than in other countries and can add up to significant savings.

The article also cites the fact that Panama is naturally beautiful with adventurous activities and is becoming a destination for higher-end tourism and is taking business away from places like Hawaii, because it is competitive in terms of beaches, weather, and things to do – for much, much less.

We have economical land deals for sale! Check out our website at www.panama-land-for-sale.com for more facts and information about living in Panama!

Panamanian Development to Honor Olympian

Here in Panama, we are very proud of Irving Saladino, our Olympian gold medal winner.

President Martin Torrijos announced last week that the newest sports city development that is currently under construction in Panama City, will be named after Saladino.

Saladino won the gold medal for the long jump of 8.34 meters in the 2008 Beijing Olympics. It was the first gold medal for Panama in the Beijing Games.

Torrijos made the announcement for the naming rights in a press conference on the shore of the Panama Canal. The naming coincides with the push by the Panamanian government to encourage sports among youth.

Saladino is truly a national treasure four the developing nation of Panama.

Looking for land deals in Panama? Visit our website at www.panama-land-for-sale.com for more information on our Panama development deals.

The Portland Business Journal’s Terry Brock penned an article this week about Panama’s wonderful economy and the advantages of living in Panama.

Among Brock’s favorite Panamanian advantages:

1)   Very low taxes

2)   Very low government regulation

3)   Beautiful women

4)   Excellent quality medical and dental care

5)   The national beers sell for about 50 cents a can!!!!

Brock also highlights the Panama Canal, built over 100 years ago – and the reason that Panama is the international city that it is!  Brock also highlights the international commerce and the ease in opening a business in Panama.

Brock’s website, www.terrybrock.com, has a video of our marvelous Panama Canal and how it works!

Click here to read this great article about Panama from the 20^th to the 21^st centuries!

Panama is a great place to retire and to live!  We have some exceptional land deals that you can take advantage of!  Call now – they will go quickly!  Visit www.panama-land-for-sale.com for more information.

More Developmental Tales From Panama….

This week, The Boston Globe became yet another publication to sing the praises of Panama…..

Tom Haines, a reporter for the Globe followed Julio Eligio Bernal Jr. from the Pacific, over the Continental Divide, to the Caribbean Sea – all routes that are well-traveled by visitors as well as residents in Panama!!!  The journey can take days – if you opt to take in the jungles, islands, and Indian reservations along the way.  Panama is both coastal and mountainous – so the views and weather are both phenomenal.

The Panamanian government’s tourist office can be reached by clicking here.

Many have moved to Panama due to the beaches, fishing, fantastic weather, affordable living and diverse culture.

In the BG article, Bernal commented on the vast amount of Americans that are relocating to Panama.  The area is host to Europeans, Canadians, and other Central Americans, like Venezuelans.  And tourism, as an industry to the country is now worth in excess of $1.5 billion annually.

Having both the Pacific and the Caribbean oceans at its disposal, Panama is a maritime mecca – the Panama Canal not even being included in the equation.  This is the area where Christopher Columbus landed over 500 years ago. 

Are you wanting to know more about visiting or living in Panama?  We have land development deals that could allow you to move to or retire in Panama for economical pricing!  Visit www.panama-land-for-sale.com for more information.

Panama Becoming Host to Many Americans

One of our American escapees to Panama is Matt Landau, a 25-year old from Princeton, New Jersey that is heir to the Landau retail store.  Matt has made his home in Panama since graduating from college and has made his career as a writer and editor of The Panama Report, among other real estate ventures here in Panama.

Landau, like many of our Americans in Panama, has embraced the culture and the “largely untapped” opportunities in real estate, finance, and creative arts.

News & World Report profiled Matt in July 2008, while addressing the flood of more than 3 million Americans that have moved to Panama.

The article highlighted some of the benefits in moving to Panama, including:

1)   Easy transition.  Use of the dollar and many English-speaking people make moving to Panama fairly simple.

2)   Great weather and great beaches.  Panama is an ecological wonder.

3)   Reliable infrastructure and progressive legal system.  Good for entrepreneurs, creatives, and retirees.  Flexible banking, visas, and housing.

4)   An inexpensive and improved quality of life. 

The article compares the surge of people moving to Panama to the rush to the Old West – except this time with Skype and the Internet to keep contact with friends, relatives, and ‘the old homeland’.

Click here to the read the article in its entirety.

If you're ready to move to Panama, we're ready to help you!  Check out our Panama investment properties that are conveniently located and economically priced!  Visit www.panama-land-for-sale.com for more information about Panama and to see our properties!

PANAMAX 2008 Focuses on Panama Development, Protection

PANAMAX 2008 is now taking place. Panamax is the participation of both military and civil forces from 20 countries ensuring the Panama Canal from a security standpoint on both the Caribbean and Pacific sides.

Described by the U.S. Army South Public Affairs as “Fuerzas Aliadas”, a “U.S. Southern Command joint and multi-national training exercise co-sponsored with the Government of Panama, in the waters off the coasts of Panama and in El Salvador and Honduras, Aug. 11-22”.

The exercise involves ground forces using El Salvador and Honduras bases, 30 vessels, a dozen aircraft and 7,000 personnel. From the US, Davis Monthan Air Force Base (AZ) and Homestead Air Reserve Base (FL) will be utilized as well. US Army Maj. Gen. Keith M. Huber, commander, U.S. Army South will lead the exercise.

According to the U.S. Army South website:
The participating nations include: Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru, the United States and Uruguay. France, Mexico, Paraguay, and Spain are scheduled to participate as observers. The Conference of Central American Armies, the Organization of American States and the United Nations will also participate.

This concentration on our country’s greatest resource tells you a great deal about Panama, our growth, and our stability. Come be part of the action! Visit our website at www.panama-land-for-sale.com to see our great land investment deals! We also have commercial land deals!

Chinese in Panama Supportive of Games

It was reported this week that there are over 300,000 people of Chinese origin in Panama that are following the Beijing Olympics, according to Dia a Dia newspaper.

According to the paper, “The Olympic Games have generated full joy in the Chinese community in our country (of Panama)”. The paper also sourced Sergio Lay, who is a member of the Chinese Association of Panama, who stated that “For us, here in Panama, we can even feel the splendor of the Games”.

The Chinese have been an integral part of the Panamanian culture. Through their understanding of cargo transportation and ship-building, the Chinese have helped to build Panama’s international culture. As of 2003, there were over 135,000 Panamanians of Chinese decent – the largest Chinese community in Central America.

Are you thinking of moving to Panama? Visit our blog and our website for more information. Check out our incredible land investment deals by visiting www.panama-land-for-sale.com.

Trump Plans Panama Development

It was announced yesterday that Trump Entertainment Resorts has started a project in Panama.

Working with a Panamanian developer, the Trump project is part of a planned $400 million resort development with a 35,000 square foot Casino attached.  This is the first international casino for Trump and is following the sale of Atlantic City-based Trump Marina Hotel Casino.

The CEO of Trump Entertainment Resorts, Mark Juliano, has stated that the deal is still being negotiated, but fits with expansion plans outside of Atlantic City.  Although the organization reported losses today, it will not deter plans for the Panamanian resort.

Panama is still experiencing incredible growth and value.  Don’t miss your chance to get in on the action!  Check out our properties at www.panama-land-for-sale.com.  We will offer you a guided tour of our unbelievably economical land deals!

Diversity Still Very Much a Part of Panama Today

This week, the Panama Travels blog posted about the Jewish Community and its growth in Panama City, Panama. Panama, a naturally diverse country due to the initial construction of the Panama Canal, and now – years later – from the expansion efforts of the Canal – has been a hot bed for foreigners since its inception.

The first Jews to Panama came from Spain and Portugal and practiced secretly. Much of this was due to the fact that many came after Nazi invasion in Europe.

Apparently there are over 10,000 Jews now living in Panama City and the outlying areas like Colon. As a result, Panama has ample supply of synagogues, Kosher supermarkets, and Jewish day schools. The Free Zone in Colon is a haven for many of the Jewish developers. The contrast is an interesting one, considering that Panama was colonized by Catholic missionaries.

Panama truly is a diverse and international city. Check out our website to check out our land investment deals. Make your home in Panama! Visit www.panama-land-for-sale.com.

Trade Mission to Panama: Focus on Development in Panama City

The U.S. Department of Commerce is hosting a “Trade Mission to Panama” conference, which will be held October 26-29, 2008

The conference will be focused on the booming development in Panama, and opportunities that exist for exporters in the United States as the pending U.S.-Panama Free Trade Agreement comes to fruition.  With the expansion of the Panama Canal, Panama’s economy grew 38.2% in 2006, and 11.5% in 2007.

The conference boasts coverage in the areas of: Building products, Electric & Power, Consumer Goods, Hotel & Restaurant, Medical, IT & Security, Construction, Safety & Security, and Telecom and Machinery.

Participation Fees:

$1560 – small and medium-sized businesses

$1850 – large firms and enterprises

** Each additional company rep is charged $450

** Incidentals are billed separately

The schedule will be as follows:

Sunday, October 26, 2008

- Arrival in Panama City, Briefing and Group Dinner at the Mira Flores Locks

Monday, October 27, 2008

- Economic & Business Briefing

- One-on-One Meetings

- Colon Free Zone Option

- Networking opportunity at the residence of the U.S. ambassador

 Tuesday, October 28, 2008

- One-on-one meetings

Wednesday, October 29, 2008

-Briefing by the Panama Canal Authority

The registration deadline is September 19, 2008.  For more information about the conference, click here. 

If you plan on attending the conference, schedule some time to visit our beautiful land developments.  Contact us at www.panama-land-for-sale.com for more information.

 

COME TO PANAMA CITY FOR THANKSGIVING AND VISIT US OUR LAND DEVELOPMENT PROPERTIES!

Panama Marine Adventures is currently promoting their new cruise for the holidays in order to take the stress out of planning, cooking, cleaning, and hosting guests.

An 8-day cruise, based out of Panama will highlight the “wide variety of history, culture and landscapes that make Panama so unique”.  The cruise will not only highlight the Panama Canal, but other areas of Panama as well, such as Fort San Lorenzo and the Church of San Felipe on the inter-oceanic route.  The tour will also highlight the Darien Jungle and Embera Indians, as well as the Chagres River.

The M/V Discovery, the catamaran owned by PMA, will depart every Saturday from November through January in 2008 and 2009.

While you are in Panama, contact us to see our most recent and incredible panama land deals at www.panama-land-for-sale.com.  Our investment properties are economical for retirees and those simply wishing to move to Panama!

Bigger Expansion in Panama: Good News for Land Development?

It was announced on Monday that the Panama Canal may merit even larger expansion than currently planned.  Andrew Beatty, of Reuters reported that due to the current cargo levels, the ‘waterway’s $5.25 billion expansion may not be enough in the long term’.

The Canals traffic is expected to increase 3% annually over the next three decades.  Absolutely amazing…..

Rodolfo Sabonage – who is the head market analysis of the PCA made statements to the effect that much of the growth is due to Chinese exports heading to areas of the eastern United States..

Currently, expansion efforts are due to occur through the year 2014.  Further expansion and more locks could be in jeopardy due to the United States economy, yet the trade from China is apparently compensating for these factors…

This can only mean great things for our growing area of Panama City….Don’t miss out – check out our land investment opportunities at www.panama-land-for-sale.com.  We have both residential and commercial properties for sale!

Panama City Growth - #1 in Central America

According to citymayors.com, Mercer, an international consulting firm, released a study in which Panama City is rated as # 2 in Latin America for safety and quality of life. It is # 1 in Central America.

“In terms of personal safety, Canadian cities perform best with Calgary, Montreal, Ottawa, Toronto and Vancouver all ranked jointly at 22. In the US, Chicago, Honolulu, Houston, Lexington, San Francisco and Winston-Salem all share rank 53. Elsewhere in the region, Santo Domingo has the highest ranking at 92 followed by Panama City (96) and Monterrey (99). Bogota (207) in Colombia has the lowest levels of personal safety. The Canadian cities score 115.8 compared to Bogota’s 30.4.” (http://www.citymayors.com/features/quality_survey.html)

Regionally, Panama City is the most thriving and developing area in Central America. Many companies including Caterpillar and Hewlett Packard have moved international offices to the area, and with the Panama Canal’s expansion, the shipping business is also bringing significant growth to the area.

Are you looking for a land development deal in Panama? Check out www.panama-land-for-sale.com to see our residential and commercial land deals.

Panama Canal and Tampa Port Authority to Increase Development

It was announced today that the Panama Canal and the Tampa Port Authority have formed a strategic alliance in order to promote an ‘all-water route’. 

According to the release, “the partnership will increase trade, facilitate information sharing and promote the ‘all-water route’”

This is a solid move that reaffirms a Memorandum of Understanding between the TPA and the Canal that was originally signed in October 2005 in order to boost trade from Asia to the U.S. via the Canal.

The Tampa Port Authority is the largest Port in Florida and handles over 50 million tons of cargo each year, including “liquid and dry bulk, break bulk, cruise, as well as shipbuilding and repair”. 

This is great news for he development of both Tampa and Panama City.  Tampa’s growing container business and for Panama’s expanding Canal – both areas among the fastest developing in the world.

With this arrangement will come more jobs and more people moving to Panama.  We are excited about this news and how it will affect our land developments.  We are offering incredible Panama land deals.  Check out our site at www.panama-land-for-sale.com to see our properties and find out more about living in Panama.

Panama Land Investments Delivering High Yields

This week, the prestigious International Living magazine’s Ronan McMahon featured an article on global real estate prices and where to find the highest yields.  Panama City, Panama was listed as #1.  The magazine claims that Panama is “delivering among the strongest and most reliable rental returns”.

The article also speaks in detail about hotels seeing such an influx of traffic that prices have been raised as high as 50-80% than that of a year ago.  Panama has become a hot-spot for both Americans and Europeans.

The country has flexible options for those wanting to move to Panama, and the real estate prices are so economical that many business have begun to move to the region as well. 

The magazine goes on to predict that the increase in visitors and residents will continue for the next five years.

The hotels are actually beginning to sell condo-hotels that are “suitable for short-term rental”.  The hotel takes care of the premises, and profits between the hotel operation and owner are “as high as 70/30 in favor of the owner”.

Click here for the article.

This definitely speaks for the affordability that Panama warrants.  Panama Land For Sale is offering affordable land deals that allow you to economically build the home of your dreams!  Check out our website at www.panama-land-for-sale.com to check out our current specials.  Come join us as a Panamanian resident!

Miss Panama City Competes in Miss Universe, Represents Developing Panama Real Estate…..

This week, handicappers were indicating that our own Miss Panama had a substantial chance of obtaining the Miss Universe crown.  For those interested, odds are 10-1 in favor of Carolina Justavino.

Carolina is representing our great country this Sunday, and we are hoping to see the professional model, TV host, and law student advance as THE most desirable candidate for Miss Universe. 

Carolina is, from our consideration, the perfect candidate for Miss Universe.  An avid sportswoman and Panama native, Ms. Justavino also maintains her own real estate development business in order to continue development in Panama, due to its “excellent geographical location”. 

Are you interested in Panama’s developing real estate market?  Check out our deals at www.panama-land-for-sale.com to see all of our properties!