If you are planning to move to Panama City, it can be difficult to pinpoint which neighborhood to move to. Do you want to be somewhere quiet or in the middle of everything? Or be in a house or an apartment? Or want an oceanview? This bustling metropolis has it…
Panama Makes List Of World’s ‘Coolest’ Neighborhoods
A writer for Forbes set out to list the coolest neighborhoods in the world, the areas in great cities that have maintained their authenticity and charm, with being overrun by tourists. She narrowed it down to 12 neighborhoods, including Panama City’s famed Casco Viejo, the city’s beautifully restored old city.…
Cruise Ship Sets Panama Canal Record
Norwegian Cruise Line’s Norwegian Bliss became the largest passenger vessel to cross through the Panama Canal on Monday, in another historic moment for the recently expanded Canal. The massive 168,028-ton ship was making its maiden voyage from Germany to Seattle before starting service to Alaska. The old locks could not…
Life On The Amador Causeway
Guest post by Punta Pacifica Realty. 6 months ago, my wife, Dorina; 10-year-old son, Declan; and our Jack Russell terrier, Jazz moved into our new apartment in Naos Harbour Island Residences and Marina, on the Amador Causeway. It was a big move for my family, switching from the intensity of…
Free Wi-Fi Network Expands In Panama City
Good news for Panama City commuters. The city is rolling out free Wi-Fi at 50 public transportation stops around the city, as the city upgrades its technology infrastructure. [adrotate group=”11″] The new service, dubbed Smart City, helps establish Panama City as a technology leader in the region. The infrastructure has…
Five Stories That Defined Panama Real Estate In 2016
Years from now the Panama real estate industry will look back on 2016 as a turning point, a key year in the evolution of the business. In many ways, Panama City came of age as a mature market, with deal activity and pricing reflecting the growing interest in Panama real…
How To Sell Your Home In 10 Easy Steps
After weighing all the factors, you’ve decided to sell your property. Now what? Whether a family property, a second home or a prized investment, the decisions you make can save or cost you thousands of dollars. The process in Panama is secure and straight-forward, but it’s essential to take the…
Seven Questions To Ask Before Renting An Apartment In Panama City
Here are seven questions that you should always ask a landlord—and the answers you want to hear: 1.What’s included in the rent? You always want to confirm exactly what you are getting for your money. Typically there are four different kinds of deals in Panama City—turn-key, with everything included except…
New Deal Signed To Promote Panama In Europe
Panama tourism is about to get a boost in Europe. The Panama Tourism Authority (ATP) has signed a deal with German airline Lufthansa to spend $4 million promoting Panama to European travelers. The agreement is for three years and focuses specifically on Lufthansa’s frequent fliers, La Prensa reports. Panama will also…
New Budget Airline To Connect Panama With Region
Copa Holdings is launching a new budget airline based in Colombia, that will offer cheap flights throughout the region beginning Dec.1. [adrotate group=”11″] The new airline, dubbed Wingo, will initially fly to 16 destinations and 10 countries, including Panama City. Wingo will fly out of Panama Pacifico, west of the canal,…
Panama Office Market Finding A Balance
Investors have been closely following the Panama office market, which has been going through a rapid growth phase in recent years. But a wave of new construction led some analysts to suggest there would soon be an oversupply of space, despite the healthy demand. But that isn’t happening, new data suggests. Colliers…
Group Comes Together To Make Amador ‘Tourist Icon’ Of Panama
Representatives of major public and private organizations from throughout Panama recently came together to focus on new plans to promote the Amador Causeway, which is developing as the next center for tourism and residential development in Panama City. The meeting was chaired by the Administrative Unit of Reverted Areas (UABR) and…
Panama City Is Skyscraper Capital Of Latin America
After an unprecedented growth spurt, Panama City is undeniably the skyscraper capital of Latin America. Even the giant cities of South America, such as São Paulo, Santiago and Buenos Aires, can’t compare to the skyline of the Panama capital. There are 59 buildings taller than 150 meters in Panama City, according to…
Amador Causeway: Cool, Breezy and Exciting
The Amador Causeway is one of the coolest locations in Panama. It’s basically a land bridge that connects three islands by the Pacific entrance to the Panama Canal. It was created with huge rocks extracted during the excavations of the Canal. For some, Amador is a friendly, breezy, exciting tourist hotspot, an…
Demand Growing For Panama Industrial Space
Panama’s expanding economy is fueling demand for industrial and logistics space. Warehouse projects are sprouting on both sides of the Panama Canal, and they are filling up almost as fast as developers can build them, according to a new report. The vacancy rate in industrial space in Panama was 8.8 percent in…
What Is Happening With The Panama City Rental Market?
Our investor clients are asking a lot of good questions about the Panama City rental market. They are eager for accurate information, as they see a swirl of economic news, daily reports on the Panama Papers scandal and vague references about market trends. As the largest residential property management firm in Punta Pacifica,…
Panama City Throws World Class Party For Historic Canal Opening
No doubt about it, Panama City loves a good party. And the historic opening of the $5.4 billion expansion of the Panama Canal provided a great excuse to throw a celebration of international standards. Thousands of people lined the Canal on June 26 as the first ship passed through the expansion, the…
Panama Leads Region For Foreign Investment
International money continued to flow into Central America and Panama last year, in sharp contrast to the rest of Latin America. Led by Panama’s economic strength, investment in Central America rose 6 percent in 2015 to $11.8 billion, compared to a 9.1 percent drop for Latin America and the Caribbean, according to…
Tocumen Airport Expands To Handle More Flights
While work continues on a new terminal, Panama City’s Tocumen International Airport is adding parking spaces to expand flight capacity by 20 percent. The airport, which is officially developing as “the Hub of the Americas” is adding eight parking spaces in order “to meet the demand that occurs during peak hours,” airport…
Panama Government Focussed On Expanding Amador Causeway
What’s the next hot area for Panama City? All signs point to Amador Causeway, the unique strip of islands at the entrance of the Panama Canal, which is getting the full attention of the Panama government. The Spanish company C4T, a specialist in developing tourist areas, has been hired to…
What’s Next For Panama City Real Estate?
In many ways, 2015 was a key year for Panama City’s real estate market. There was a return to normalcy, as more and more buyers from around the world decided the local market represented a solid investment. The result was a steady increase in sales activity and pricing, driven by…
Panama Economy Continues To Post Strong Results
While the rest of the world continues to struggle, the Panama economy is chugging along, posting healthy gains. Panama will close 2015 with economic growth of 6 percent for the year, one of the highest in the region, Minister of Economy and Finance Dulcidio De La Guardia said this week.…
Five Reasons You Shouldn’t Manage Your Own Property
An apartment in Panama City can be a perfect combination of fun and investment. On one hand you can rent it to one of the local corporate executives for a steady revenue stream. Or you can use it for a vacation home in sunny Panama. But an apartment can be…
Final Apartments Available At Trump Ocean Club
Sales of apartments at the Trump Ocean Club, the iconic Panama City tower, are entering their final phase, after a surge in purchases in recent months. There are less than 50 apartments left for sale in the building out of 635, according to a recent analysis by Punta Pacifica Realty.…
All Lights Green For Next Phase Of Panama City Metro
After a few bumps in the road, the Panama government has approved the contract and plans for the second phase of the Panama City metro. Design and construction are already moving forward, ensuring that the first metro system in Central America will continue to expand to meet the needs of the…
New Influx of Euro Buyers Hits Panama City Real Estate
As real sales activity increases in Panama City, a subtle shift is occurring in the buyer demographics. For the first time, we’re starting to see a significant increase in the number of buyers from Europe, part of the growing globalization of Panama City’s property market. European buyers have always been…
Panama City Real Estate Is Going Social
A new wave of modern technology is sweeping the Panama City real estate market and it can be a big advantage for savvy property buyers and investors. Punta Pacifica Realty (PPR) representatives are joining more and more agents and real estate professionals in using chat programs with apps like WhatsApp,…
International Investment in Panama is Ramping Up
A surge of international money flowed into Panama in the first quarter, creating a 32.2 percent increase in foreign direct investment compared to the same quarter of 2014, new data shows. Foreign direct investment reached $1.7 billion in the quarter, led by increases in investments in hotels, real estate, banking…
Panama City Takes High-Tech Approach To Pothole Issue
A clever high-tech campaign is helping to improve Panama City’s roads and generating international headlines. The idea is actually very simple. Sensors were placed in potholes around the city. Every time the sensor is activated a tweet is automatically sent, addressed to the Ministry of Public Works. Every tire crunching…
Five Tips for Making Money in Panama City Real Estate
Panama City is attracting international property investors in growing numbers these days, lured by the booming economy, reasonable prices and the city’s waterfront beauty. In many ways, it’s also one of the easiest and most secure markets in the region, with an established system based on first-world business practices and…