Panama Real Estate Blog

The Chamber of Commerce that reviews and provides projections of sales, originally projected at $700 million, has stated that the actual levels of sales that affect the retail trade sector, has exceeded this projection. According to the Chamber of Commerce a 15% increase in annual sales, and a 10% increase on the holiday season has [...]

The Tax exoneration, which is applicable to the tax incentives and benefits pertaining to properties and real estate in Panama, has been rumored to be extended. These tax incentives, which have been reported on in a number of publications and by a variety of sources, can only become law once published in the Gazette. The [...]

The Latin American Parliament will be held in Panama over the 5th and 6 of December, where 22 countries will be represented by delegates, for issues of debate and discussion. The National Assembly of Panama building has been offered to host this regional conference, which will host 150 delegates to discuss the effects of the [...]

The WTO sided with countries exporting bananas to Europe, stating that the customs procedure imposed upon the fruit was illegal. This was following an objection to the tariff rate imposed, currently set at 176 Euros per ton. The WTO says this sort of practice goes against and violates the rules of international trade.
This has come [...]

The much awaited opening of the San Fernando Clinic succeeded as the clinic opened for the first time on the 25th of October 2008, with a twenty four hour and seven day a week emergency room filled with qualified medical personnel and the latest medical support technology available.
As the first of its kind in the [...]

Bocas del Toro, the province of Panama, is a natural wonderland. The Bocas del Toro real estate and environment, which is a wonderland, offers a bit of everything to the locals, visitors and investors. Bocas del Toro real estate opportunities start with the archipelago of beautiful islands, extending into the Caribbean Sea. The entire experience [...]

In the drive for increasing the agrotourism awareness and experience for visitors to Panama, a further 12 farms received certification to enable them to accommodate and receive tourists, from the Ministry of Agricultural Development.
Some criteria in the certification process include safety training and systems, as well as having sufficient potable water on the farm, amongst [...]

The Panama Canal Authority has signed loans for the planned expansion of the canal, totaling an amount of $2,3 billion. Lenders of these loans included the Inter American Development Bank, the International Finance Corporation, the Andean Development Bank, the Japanese Development Bank and the European Development Bank.
The total cost of the expansion is set at [...]

Panama surpasses the 1,5 million tourist mark
In a surprise ‘award ceremony’, a surprised Petitfrere Marc, from Boston, Massachusetts received recognition as the country’s 1,500,000th tourist for 2008. To add to the surprise Marc and his girlfriend, April Chestnut, received a fully paid week holiday supplied by the Panama Tourism Authority (ATP), in conjunction with a [...]

There are several reasons given by real estate experts on why it is not advisable to sell your house in current market conditions. One reason is the difficulty in selling houses whilst a lot of properties are staying longer in the market, longer than what the sellers would prefer.
Market value is another reason, as selling [...]