The real estate sector registered an important grow during last year, by about 20%. But commercial and residential rentals increased as well. The president of the Panamanian Association of Real Estate Brokers and Developers ( ACOBIR )... more
Panama is undergoing a transformation of sorts. The real estate boom in the city has reached walloping proportions and the embryonic tourism sector is preparing to explode like a seagull on Alka-Seltzer. Couple that with the widening o... more
PANAMA CITY -- Long a freewheeling shipping hub and offshore banking center for the Americas, Panama is enjoying a building boom on a scale unmatched since the construction of its famous canal 92 years ago. The country is luring inves... more
The coming year is looking good for recent investments in Panama’s real estate and tourism industries. Soon, Panama will boast an even greater number of exclusive clubs, restaurants, and luxury hotels. A key player in the impres... more
One of Panama’s unique New Years traditions is that of the Muñecos or dummies. These life sized effigies are an old Panamanian tradition. They are stuffed with firecrackers and lit and beaten at the moment of the New Year.... more
Right of ownership by non Panamanians (Foreign Ownership) Foreign investments in all real estate areas are welcome and present in Panama. The procedures to adjust to the legal requirements in this area are simple and easy to implement.... more
The Inter-American Development Bank (IDB) has approved a US$30M loan to Panama for a rural electrification program, which will encourage investment in renewable energy projects such as small hydro power. The program will promote public... more
According to a recent study conducted by the (NEF) New Economics Foundation, Panama was ranked the 5th happiest of 178 countries. Interestingly enough, the United States came in 150th and Canada slightly better at 111th. NEF's new glo... more
Clayton is located in the old Canal Zone, on one of the former Military Bases of the United States. It is positioned at the opening of the Panama Canal directly in front of the Miraflores locks. It is in an area of high appreciation an... more
General Conditions: Appraisal of the property being financed. The cost of the appraisal will be assumed by the Bank. The Bank’s percentage of financing is based on the lower of the appraised value or purchase price. ... more
