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