Panama Economic Outlook Positive - Development Expected to Continue

While current President, Martin Torrijos, faces faltering public approval ratings due to rising food and fuel costs, the good news is that the economic activity for Panama was up almost 9.5% for April, which is in stark contrast from the lows we experienced in March.

The government cited new construction new development as well as hospitality as growth-rich industries.

The government also mentioned that March numbers were low, due to the early timing of Easter this year.  Analysts are eagerly awaiting numbers from May in order to get a clearer picture of the current economy, of which those same analysts are optimistic.

On Tuesday, June 24^th, 2008, Reuters reported “With 12-month inflation running at 8.8 percent investors are watching how Panama, which uses the dollar as its national currency, can bring higher living costs under control”.

All of this news is beneficial for our selective group that has decided to make Panama our home.  Get the most out of your dollar – contact us today about retiring or living in Panama.  Our land development deals are beautiful and economical.  Visit our website at www.panama-land-for-sale.com.

Panama - Canal Development and Expansion

The Panama Canal Authority released details of last week’s meetings at the Panama Canal Miraflores Locks Visitors’ Center.

Last Wednesday, the AAPA – the American Association of Port Authorities Congress of Latin American Ports – met in Panama City. Attendees were briefed by Panama Canal Authority CEO, Alberto Aleman Zubieta, on the development and tremendous growth that is being experienced due to the Canal expansion.

“It is clear that Panama is emerging as the transportation and logistics hub of the Americas,” said Alemán Zubieta. “Large-scale infrastructural improvements like the Canal expansion and the Pan-American highway, coupled with Panama’s strategic location and proximity to other regional port development projects, make Panama an ideal hub for international commerce.”

Further evidence that we are going to see continued land development as well! Check out our deals at www.panama-land-for-sale.com. See what you can expect when you move to Panama!

Panama’s Maritime Development Encouraging for Land Owners

According to Reuters, Panama can expect its business with shipping containers to increase up to 10% in the coming year. 

The volume of containers over the past three years are:

5.6 million containers in 2009

5.0 million containers in 2008

4.1 million containers in 2007

These numbers are more than double the volume of 2006.  This can be attributed, in part, to Chinese demand for goods.

Maritime authority chief, Fernando Solorzano is now calling for accelerated infrastructure and planning in order to meet the increasing demands of the maritime industry.

Currently, Panama plans on spending about $1.6 billion for future maritime upgrades, and possible dealings with China. 

These will be beneficial attributes for further land development in Panama.  Visit us today at www.panama-land-for-sale.com to check out our latest land and property investment opportunities!

Panama Development Owner Wants Land Back

The News Herald published a story today by Jeremey Morrison regarding Bayou Park, located below 11th street in Panama City.

The land owner, Kenneth Brown, had originally deeded the property to Bay County for $1 in 1976. However, Brown is not pleased with the way the park is being used, claiming that it originally was designed as “a natural spot by the water’s edge where the community could gather.” Instead, he describes it has become “an unlawful activity location”.

Brown wants the park closed and the land returned to him, citing that it will “clean up the community”. The city planning commission will have the final say and will also determine the price if the land is to be returned to Brown.

What do you think? This blog is all about Panama land development. Visit us at www.panama-land-for-sale.com to see our list of properties available.

Panama Development Deals Continue

Today in Panama, yet another record deal was made.

According to Reuters, the Disney Magic, a 964-foot long cruise ship, paid $283,400 in order to cross the Panama Canal.  This is in addition to three other container ships that paid over $300,000 each to cross the canal.  The reasons for these prices?  The canal has reserved and non-reserved slots that are scheduled for crossing.  Non-reserved slots are sold at auction to the highest bidder.  The bidders are mostly cruise ships, yachts, or transportation companies that are competing for the space and time.

If you’re interested in Panama or investing in Panama, visit us at www.panama-lane-for-sale.com.  We are running specials this month on our land developments.  Check our blog entry below for further details.  Have questions?  Fill out our form on www.panama-land-for-sale.com.

Panama Land For Sale - Special Deal for Land Investors!

www.panama-land-for-sale.com is offering a special for retirees, or those just wanting to invest or move to Panama….We want to make it worth your while.

We are running a special on our Vista Grande property development. Vista Grande is located about 1 hour, 15 minutes from Panama, and about 5 minutes from Colon. The development houses a dude ranch, birds, monkeys, rivers, beaches, and mountain views. The development is located about 3500 feet above sea level overlooking the Nombre de Dios.

With a $10,000 cash deposit, we will offer the first 30 lots for $40,000 each. The lots are normally priced at $69,000 – we are offering you a 42% savings!!!

Additionally, we are running a promotion where one of the first 20 investors – through a random drawing - will get a free lot at the Vista Grande site property. The free lot will be a 400 sq ft lot – 100 sq ft with ocean view, and 300 sq ft with mountain views.

If you are interested in land deals in Panama, contact the following:
In Panama, call Daryl Patrick at 65083350.
In the U.S., call Maria at 954.917.2332, or Shannon at 305.830.2625.

As always, you can use our contact form at www.panama-land-for-sale.com for more information.

Developments in Panama

CrediCorp Bank, one of the largest in Panama, announced that it has begun the process of integrating biometrics solutions in order to protect and manage the identities of its employees and customers.

The hardware and software for the biometric measurement will be outsourced to a U.S.-based company. Biometrics is a method of uniquely identifying humans through means of physical traits, often fingerprints.

Panama has become a booming area for land investments and off-shore banking in recent years, as it is host to a bevy of retirees due to its affordable living. The new implementation by CrediCorp will be beneficial to customers needing insurance against identity theft.

Are you interested in more details regarding living or land investments in Panama? Visit our web site at www.panama-land-for-sale.com, or contact us for more information.