Panamanians and the Real Estate investment In the last years, in Panamanians have noticed a great increase in investments in the Country, the development of the real-estate and banking business, linked directly with the construction industry for improvements on real estate, where we can highlight the construction of buildings of great height near to beaches and coasts, in the City of Panama, as well as in the different Provinces of the Republic of Panama, such as Boquete, Chiriqui,Bocas del Toro, and in other attractive places that are perfect for the development of Residential Real Estate Projects for tourism and retirees.
The investments or the purchase of real estate in Panama has spread out through the whole country motivated at the beginning by these Places attractive location, the accessible costs and the good level of development of the infrastructures. These circumstances turn Panama into a perfect destination for Real Estate investments and projects development, for the construction and purchase of new and luxurious projects in residential and hotel real estate and for a residential touristic destination as well.
In addition, Panama is currently a perfect place for investments in the Maritime Sector, especially, in the Ports and in the development of transit infrastructure, which added to the investments in the telecommunications sector, which obtains investments in touristic projects of all kinds, commercial and industrial as well, turning the Republic of Panama into an attractive and safe destination for foreign investments.
Panama has had an open doors policy towards foreign investment especially with direct foreign investors during the period of 1996-2001 where we reach to an approximate figure of US$3.5 trillions, a significant Total, in spite of the economic crisis experienced during 2000-2002.
Following some of the Benefits Panamanians, believe Real Estate Investments offer the Country:
- Panama is not only seen as a Financial Center, but it is also being categorize as an excellent destination for Real Estate Investment, this allows the Government to establish legal regulations for tourism which allows nationals and international investors to obtain excellent real estate deals.
- Real Estate Investments brings a new modern appearance to the Country with dozens of beautiful residential real estate buildings located along the country as an example we can mention “Los Faros de Panama” Building, the “Tower Park” Project and the “Costa del Este Country Club.
- Real Estate investments allow economy to grow providing new job openings and it cause a direct positive impact in Tourism.
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