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Featured Properties
Great location and unique project.
$144,579
Single Family Homes with Ocean Views, less than 30 Minutes from downtown Panama City
$299,900
Oceanfront Condo with Incredible Views
$282,500
Spectacular Beach and Ocean Front lots for sale in Pedasi
$80,000
28 Hectares, Beach Front Access, Asphalt Road, Utilities, Azuero
$3,500,000
2 Hectares, Ocean View, La Candelaria, Azuero Peninsula
$49,000
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Newest Additions
Luxurious ocean front loft with amazing amenities
$405,000
Farfan - Residential development
$99,685
Sandy white beaches in Punta Chame
$328,100
Building with amazing views of the ocean and Bridge of the Americas
$695,000
Furnished apartment for rent - San Francisco - $2,200
$0
Punta Paitilla Apartment - For Rent / For Sale
$260,000
Beautiful & Elegant Residence for Rent - Betania - $3,700
$0
Beautiful Furnished Apartment for Rent in Punta Paitilla - $2,200
$0
Mountain/ River property in the municipality of Santa Fe
$472,500
Ocean View Apartment for rent on Avenida Balboa
$0
Lots across the street from the golf course
$61,810
11 HA farm for sale in Cerro Punta, Panama´s Bread Basket
$550,000
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Panama received 11,6% more foreign visitors in the first two months of the year
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The number of foreign visitors received by Panama in the first two months of they year increased 11,6% in relation to the same period of 2007, according to the Panamanian Institute of Tourism (IPAT). The sub manager of this governmental institution, Carl-Fredrik Nordstrom, assured aftrer making public the statistics that the country will reach its objective of one million 460 thousand tourists by the end of 2008.
He mentioned that in January and February the last 291,624 people chose Panama as their destination, which is 30, 425 more than in 2007 in the same period of time.
Nordstrom expressed that the increment is the direct result of the marketing in North America, Canada, Latinamerica, the Caribbean and Europe.
The Panamanian Prensa also mentioned the news about the capital of the country finishing second last year as the best hotel occupation in the world, only surpassed by the Australian Perth.
According to the Global Ranking Index, Perth was given 85,1% by this indicator, Panama, 84,7, and Dubai, 85,4. For the Panamanian Capital, it is a jump of 146 positions since 2000.
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Panama wants to build 9,000 new rooms in the next five years
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The tourism industry in Panama is anticipating the construction of 9,000 rooms in the next five years, according to Jorge Loaiza, president of the Hotels Association, in an interview published by La Prensa. He clarified that this projection is based on a necessity to solve a growing demand for accommodation capacities.
The officer also mentioned that despite the fact that there are not any new hotels opening this year, with the current constructions there will be three thousand new rooms until 2010, which will add to the already 16,000 capacities in the country.
According to Loaiza, the level of occupation of the Panamanian hotels reaches an average of 78%.
He pointed the disadvantages of the sector in the country as the insecurity, traffic and road blocks and the slowing process involving the handling of the permits for the construction of new hotels
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Tourism sector saw a 23% income increment in 2007
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Panama registered 1,100 million dollars of income generated by tourism in 2007, an increment of 23% from the previous year, according to Gisela Vergara, minister of Commerce and Industries, in a forum about the sector.
More than a million 200 thousand tourists arrived to Panama last year, while the perspectives are very positive for the next few years, said Vergara while commenting that in 2007, the so called “industry with no chimneys” generated 114 thousand jobs.
The forum debated with national and foreigner expositors subjects such as the new law of tourism, the infrastructure of the sector and the incentives for the industry.
Also, the panellists debated tourism and gastronomy, legal and financial matters, territorial reorganization, destinations and the business opportunities surrounding the expansion of the Panama Canal.
According to official numbers, tourism provides to the Panamanian PIB around 14.4%.
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Enrique Iglesias Makes Plaza Costa Del Este His Home
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By PanamaGuide.com
Panama City’s panoramic view over the Pacific Ocean is steadily becoming the catalyst for Central American investments in luxury hotels, luxury residences with penthouse apartments, upscale housing, business offices, and commercial real-estate. Panama has been rumored to attract Hollywood stars, such as Mick Jagger, Mel Gibson, and Angelina Jolie. But recently, the famed International Star and Latin Sensation, and Grammy Award winner, Enrique Iglesias, was declared the first official owner of a penthouse in the new Plaza Costa Del Este - and Sony Record’s Salsa Star, Gilbertos Santarosa, the first official owner of a unit in the Plaza Costa Del Este. The Plaza Costa Del Este is part of a major development – the Costa Del Este.
Needless to say, this 2007 announcement about Enrique Iglesias’ choice in the luxury penthouse at the The Plaza Costa Del Este, (which was heard at an invitation-only gala event in Miami), was exciting news to Panama City residents and investors in the Plaza Costa Del Este and the Costs Del Este development. The Plaza and the master developers now have bragging rights to boast about the Latin Pop Star’s decision to take up residence in the Plaza Costa Del Este. Especially since Iglesias passed up Donald Trump’s first foray into Panama - the Trump Ocean Club International Hotel and Tower that is slated to open in 2010.
Beating out Trump takes planning. The Costs Del Este development in Panama has been in the works since the 1990’s, and there are currently eleven zones which consist of high-density commercial areas and both high density and low density residential areas. The Plaza cost Del Este is in a residential area but in close vicinity to the buzzing city of Panama. The Plaza is also located only minutes from the Toumen International Airport, and arranges a limousine service to the Plaza for its guests.
Despite the fact that Panama City is only minutes away, the Costs Del Este development, (as do many other developments in Panama), was careful to plan for ecological considerations that balance business with ecology. Setting between the commercial and residential areas will be a 30-hectare ecological park, complete with a lake filled with shrimp, fish, ducks, and even an alligator. The Costa del Este gardening budget is set for half a million dollars a year, and they have already planted more than a half million plants and arranged for 100,000 palm trees. Costs Del Este will have upscale luxury city living in a sleek architectural masterpiece overlooking a tropical paradise.
The Plaza Costa Del Este offers the luxurious amenities that movie stars and music stars are accustomed. Aside from its glorious view of the Pacific Ocean and the best of technology, it offers exclusive access to a Beach Club on Contadora Island, (which is one of the more famed islands amongst the Pearl Islands), a rooftop pool with live palm trees, a sky lounge with telescope, an oxygen bar, therapeutic health clinic, Asian Spa, Aromatherapy Center, a day spa, space movement center, dance center, running track, and an in-house Farmers Market. Needless to say, maid service and parking is also included. The Plaza Costa Del Este consists of 150 Standard Rooms, 16 Executive Suites, 1 Super Presidential Suite and 167 upscale Hotel Rooms. No wonder it attracted Enrique Iglesias.
Panama, the Plaza Costa Del Este and the Costs Del Este development are bringing in investors despite minimal advertising. Of course, big names like Enrique Iglesias serve to promote luxury properties, and the 15 years of tax exemption is a nice incentive. Cruise ships are increasing their stops in Panama, and flights to Panama are multiplying. The Panama Canal is getting five million dollars worth of improvements, and the economy is showing steady growth between 6% and 8%. Enrique Iglesias will no doubt be singing praises about his investment in Panama.
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