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,…
New Air Connection Announced by Copa Airlines Between Panama and Belize
Good news for Panama residents and visitors–Copa Airlines is adding regular service to Belize. This may seem like a minor step, but it’s always been frustrating to travel around the region. Now, with the addition of Belize, Copa will serve every country in Central America. The new Copa service will…
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…
Top Real Estate Analysts Name Panama City as ‘City of the Future’
Respected international real estate consultancy Knight Frank has named Panama City a “City of the Future,” citing the growing number of the world’s wealthiest individuals calling the Panama capital home. Investors are attracted by the strongest economic growth offered in the region and also a very competitive tax environment, says…
International Investors Fuel Panama City Real Estate Growth
The tides of Panama City’s real estate market have shifted in recent months, as the country’s economy continues to grow and international investors return to the market. Today’s market is very different than a year ago, with sales and prices rising at a slow-but-steady pace, according to a new market…