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Newest Additions
Ocean View, 11 Hect. Titled, La Candelaria, Azuero Peninsula
$125,000
Beautiful Apartment
$96,600
Diablo Terrace - lots for development
$4,341,031
Home in Costa del Este Gated Community
$0
Luxurious apartment with excellent view of Panama city
$330,000
BAYFRONT TOWER
$179,000
14 Hectares Titled Ocean View, La Palma, Azuero Peninsula
$210,000
18 HA Farm for Sale with Views of Volcan Baru
$250,000
Dream Towers
$199,915
1,110 mt2 Titled Ocean View Lot, Las Tablas, Azuero Peninsula
$60,000
Spacious 176 m2 apartment in residential area
$132,000
Working Cattle Farm in Cocle Province
$345,000
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Panama Featured in the UK Sunday Times
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More bang for your bucks - Forget the USA – countries with currencies pegged to the dollar may be a safer bet
CENTRAL AMERICA
Panama, the sliver of Central America that connects Costa Rica to Colombia, is experiencing an unprecedented property boom, driven in part by the country’s growing popularity among Americans as a retirement spot. Mick Jagger and Bruce Willis have both purchased property here. Formally, the country has its own currency, the balboa, but since it is pegged one to one to the dollar, it makes little difference.
The economy is healthy: GDP grew by 8% last year and is expected to keep growing fast, as the government invests at least £2.2 billion in expanding the Panama Canal. For those looking for a holiday home, the attractions are obvious: miles and miles of coastline (Caribbean on one side, Pacific on the other) more than 1,000 islands, hugely varied wildlife and a tropical maritime climate.
Prices in the capital, Panama City, are already high: a penthouse in the exclusive Punta Pacifica district of Panama City, where Donald Trump is building the 65-storey Trump Ocean Club, costs about £250,000, while two-bedroom flats start at about £125,000. Outside the capital, prices are more reasonable: two-bedroom villas in the Rincon Beach Estates development, on the Pacific coast, start at £75,000. There are no direct flights from Britain to Panama; the journey takes about 15 hours via New York.
[ Read the entire article ]
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The Costa Rica Experience Moves Next Door
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IT'S a Friday afternoon in Boquete, Panama, and the main street resembles Anytown, U.S.A. There is a mom-and-pop coffee shop with round tables, premade sandwiches and a dessert case. Nearby is a tiny video store, with posters advertising “Misión Imposible Tres” and “La Guerra de Los Mundos.” And down the block is a small deli that serves cheeseburgers with rice and beans.
At midday, when the air is warm but crisp, a casual pace falls over the town. Crocs-wearing tourists mingle with old-timers, making fishing and hiking plans for the following morning.
What feels at times like a newly minted resort town in New England or perhaps Southern California is actually the latest stop on Panama's growing tourist route. Tucked in the highlands near the Barú volcano, in the western Chiriquí region of Panama, Boquete is emerging as one of Central America's latest eco-tourism destinations.
Surrounded by green mountains topped by misty, craggy peaks, Boquete offers plenty of outdoors adventure, like hiking, climbing, bird-watching and white-water rafting. And thanks to a 3,000-foot elevation, the area's microclimate deducts 10 crucial degrees from the incessant lowland heat.
[ more ]
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Panama's debt ratings and outlook supported by dynamic service sector - Moody's
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MUMBAI (Thomson Financial) - Moody's Investors Service said Panama's 'BA1' foreign-currency government bond rating and stable outlook are supported by a dynamic service sector that has served to shield the economy from the volatility observed in other countries in the region, and by a favourable debt profile.
'The strong performance of services exports, including tourism, domestic consumption, and investment activity in preparation for the Panama Canal expansion, are key contributors to such growth,' Moody's vice president and senior analyst Alessandra Alecci said.
She added: 'Given the economy's sensitivity to the external environment, a severe downturn in global conditions would pose significant challenges to Panama's performance.'
In its annual report on Panama, Moody's said that, with economic activity booming, Panama's extremely favourable macroeconomic performance is likely to extend over the medium term. Real GDP growth, which was at 8.1 pct in 2006, is likely to exceed this level in 2007.
Moody's 'A3' foreign-currency country bond ceiling assesses the risk of disruption to the smooth functioning of the dollar payments system.
'Given dollarisation's long tradition in Panama, Moody's sees limited risk of such disruption,' Alecci said. 'In addition, because of dollarisation, the foreign-currency country bond ceiling reflects the lack of transfer risk.' TFN.newsdesk@thomson.com vsr/lce
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The farms have numerous stunning waterfalls, creeks and spring from which river is born. They are located at an altitude of roughly 700 meters and enjoy a cool climate with highs in the high 80's and lows in the low 70's. Road to Tulu has been approved and budgeted for asphalting and bringing in electricity. This asphalted road will pass just 2 km from the entrance of the properties.
