Category: Living & Investing
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Panama City ranked as the 4th best city in the world for expats
The city of Panama was recently ranked as the 4th best city for expats by InterNations, a global online community for international workers. A total number of 12,000 participants took a survey that evaluated 53 cities worldwide to determine the best destinations for expatriates. The findings highlight Panama as the top choice in Latin America.…
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Winter Escapes in Panama: Cozy Retreats, Scenic Views, Festivals, and More!
If you’re tired of cold winters and dream of spending your holidays in a warm, sunny paradise, buying property in Panama could be the next step in your journey. With its vibrant festivals, stunning scenery, and year-round warm weather, Panama offers an idyllic lifestyle. And we’re here to help you turn that dream into reality…
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Direct flights from Canada to Rio Hato’s Airport
The new charter flights which are operated by Sunwing Airlines and Air Transat, will directly connect passengers from the cities of Montreal, Quebec and Toronto to the Scarlett Martínez International Airport, located in Río Hato in the province of Coclé. Sunwing Airlines and Air Transat have scheduled four weekly flights on A321 and Boeing 737-800…
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A Guide to Living in Panama City
Panama offers a relatively low cost of living compared to many other countries, especially when compared to the U.S., Canada, and Western Europe. The actual costs depend on your location, lifestyle, and preferences, but essentials like housing, food, and transportation tend to be more affordable. According to Numbeo, Panama’s cost of living index is 47.1…
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Must-Know Factors for Purchasing Apartments in Panama City
The appeal of Panama’s rental property market is undeniable, with gross rental yields stretching from 6.8% to 9.5%, according to Numbeo. Does this mean you can buy any apartment in Panama City and expect high rental returns? Not always. Rushing could mean a bad investment decision and wasted opportunities, so here are the must-know factors…
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Tourist Arrivals in Panama Surge by 8.7% in First Half of 2024
In the first half of 2024, Panama saw a notable 8.7% increase in foreign tourism, welcoming 1,443,424 visitors—an impressive 115,245 more than during the same period in 2023, according to data from the Panama Tourism Authority (ATP). Tocumen International Airport received 1,029,528 visitors which is a substantial 15.8% rise compared to the 889,415 who arrived…
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Tocumen Airport plans another expansion
The Tocumen Airport is planning an expansion for the air terminal which will include the construction of a third runway and between 8 and 10 boarding gates. The newly build terminal 2 has failed to meet the high demand after only two years of operation. The construction of the third runway will have an estimated…
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Tocumen International Airport Reports Passenger Surge in June 2024
Tocumen International Airport processed 1,624,774 passengers last June, an increase of 183,408 compared to the same month last year.
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Beach Corridor Expansion Achieves 78% Completion
The Beach Corridor Expansion project, section 1: La Chorrera – Santa Cruz located in the province of Panamá Oeste, has a progress of 78% according to the Ministry of Public Works.
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Panama’s tourist income increased 8.4% in the first quarter
The Panama Tourism Authority (ATP) indicated in a report that, during the first quarter of 2024, Panama’s tourism revenues exceeded those achieved in the same period of the previous year by $123.5 million, which represents a growth of 8.4% in relation to 2023.