Panama Real Estate is on the Rise
January 23rd, 2012 | Posted by in Panama Real Estate - (0 Comments)
With Panama in control of its canal, Panama real estate has seen a large increase in funds and interest from investors and visitors from all over the world. The booming economy has fueled the improvements made to the country. Many of these improvements were made possible by expatriates and investors from America building hotels and purchasing retirement homes. With this much capital being spent in the country, Panama retirement is an option for many. The passage of the United States-Panama free trade agreement in October will pump even more people and money into the country.
Arguably, the most important improvements to Panama are being made to the Panama Canal itself, which is in the early stages of its expansion. The project hopes to widen and deepen the canal and add two locks, essentially doubling the amount of cargo the canal can hold. The expansion is expected to be finished by 2014, the canal’s 100-year anniversary.
With so much Panama real estate for sale, it’s no wonder many high-profile projects have been green-lit in the country. These include The Panamera, the very first Waldorf Astoria hotel in Latin America (opening in June 2012); the Trump Ocean Club, the region’s tallest building; and the BioMuseo, a natural history museum that is a decade in the making.
Panama real estate is in high demand and the country’s continuing growth will create a lot of opportunities for visitors and tourists to take advantage of.





