| Panama has been the center of attention of late for | | | | The development isn't limited to the city though. Just |
| not only its growing tourism sector and international | | | | one hour outside the city sits Coronado and its |
| banking hub, but most notably its real estate boom. | | | | surrounding towns, where beach condominiums, |
| Panama is in the midst of a real estate gold rush right | | | | residential communities and all-inclusive resorts nudge |
| now, and it seems like everyone and their cousin is | | | | right up against the quiet beaches of the Pacific. |
| out panning. | | | | Further West sits Boquete, and their northern |
| Today's Panamanian economy is growing more than | | | | neighbor Bocas del Toro where real estate has taken |
| 6% annually with the possibility of exceeding 7% in | | | | off like a bottle rocket. |
| 2006 according to The Latin Business Chronicle | | | | Certain celebrities are getting in on the action as well: |
| (9-19-2006). Additionally, the IMF has said that | | | | The Robb Report's Joan Tapper reports that Mick |
| Panama is set to grow more than any other country | | | | Jagger, Bruce Willis, and Tommy Lee Jones are |
| in Latin America next year. With speculations like | | | | among Hollywood's elite investing in their own little |
| these, it becomes clear why people, the world over, | | | | piece of heaven. The Azuero Peninsula seems to |
| are migrating to Panama to invest their money. | | | | have grasped Panama's dark horse status, as an area |
| Arrive today in Panama and you'll see masses of | | | | with so much to offer yet so little development...yet, |
| cranes in use, building projects in the heart of | | | | that is. |
| Panama City as well as along the coast. Donald | | | | The government has invented a bunch of friendly |
| Trump recently decided to get in on the action by | | | | investment laws encouraging foreigners to invest and |
| stamping his name on a project that's now being | | | | with its northern neighbor, Costa Rica now making so |
| touted as the finest luxury condo building in the | | | | much noise, Panama is getting more and more |
| continent. Located near the high-end Multiplaza mall | | | | attention. Investors are impressed with its stable |
| and Johns Hopkins hospital (the first outside of the | | | | economy, sturdy political system, and first-rate |
| USA), Trump's neighborhood appears to be getting all | | | | infrastructure, and while many just come down for |
| the attention it deserves. | | | | vacation, they often don't want to leave. |