Panama Real Estate Market

Panama has been the center of attention of late forThe development isn't limited to the city though. Just
not only its growing tourism sector and internationalone 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 rightresidential communities and all-inclusive resorts nudge
now, and it seems like everyone and their cousin isright up against the quiet beaches of the Pacific.
out panning.Further West sits Boquete, and their northern
Today's Panamanian economy is growing more thanneighbor Bocas del Toro where real estate has taken
6% annually with the possibility of exceeding 7% inoff like a bottle rocket.
2006 according to The Latin Business ChronicleCertain celebrities are getting in on the action as well:
(9-19-2006). Additionally, the IMF has said thatThe Robb Report's Joan Tapper reports that Mick
Panama is set to grow more than any other countryJagger, Bruce Willis, and Tommy Lee Jones are
in Latin America next year. With speculations likeamong 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 ofwith so much to offer yet so little development...yet,
cranes in use, building projects in the heart ofthat is.
Panama City as well as along the coast. DonaldThe government has invented a bunch of friendly
Trump recently decided to get in on the action byinvestment laws encouraging foreigners to invest and
stamping his name on a project that's now beingwith its northern neighbor, Costa Rica now making so
touted as the finest luxury condo building in themuch noise, Panama is getting more and more
continent. Located near the high-end Multiplaza mallattention. Investors are impressed with its stable
and Johns Hopkins hospital (the first outside of theeconomy, sturdy political system, and first-rate
USA), Trump's neighborhood appears to be getting allinfrastructure, and while many just come down for
the attention it deserves.vacation, they often don't want to leave.