Panama Real Estate Blog

Building permits soar, to beat 20 year tax exemption The number of building permits issued in June 2009 was almost four times the amount issued over the same period in 2008. According to the Comptroller General the significant increase in building permits issued, which amount to $550 million is largely due to the looming deadline [...]

Panama City Rental Pricing Declines Panama City has developed significantly over the years, with the addition of a multitude of construction initiatives, both from a residential and commercial perspective which has changed the skyline of Panama on a continual basis, and will continue to do so as Panama continues to develop and gain in popularity [...]

Panama’s Tax Standing In terms of the region, within which Panama is situated, being that of the Central and Latin American markets, the relative position of Panama in terms of current tax standing as compared to surrounding countries is neither the highest or lowest but rather average as represented by their tax burden being recorded [...]

Panama as Cosmetic Eye Surgery Center Panama has been revealed as one of the top destinations within the medical treatment fraternity, not only based upon the reduced cost of professional healthcare within the country, but largely due to the fact that many of the medical professionals there have received top tuition from the United States. [...]

British teen youngest to sail world solo A recent Guinness World Record for sailing around the globe was achieved by a seventeen year old from the United Kingdom. Although the records authority stated this attempt is classified as ‘assisted’, the feat is still seen as heroic by the youngster. Mike Perham managed to sail around [...]

Heineken Selects Panama As Regional Base The media is consistently reporting the success of Panama’s initiatives to attract foreign investment by encouraging multinationals to set up shop in Panama, as their regional headquarters. The likes of who already have made such commitments include that of Proctor & Gamble, HP, and Caterpillar to name a few. [...]

Short Term Rental Market Seriously Affected By ATP’s New Resolution A number of shortcomings have been revealed in Salomon Shamah’s, the new Administrator of Panama’s Tourism Authority (ATP), proposed resolution which was dated and handed down on 13th August 2009, however this proposal has no record of being published in the government gazette. Based on [...]

Panama Becomes Home to Largest Aquaculture Farm in the World. One of the largest operators of open sea aquaculture interests, Open Blue Sea Farms, has announced the planned acquisition of Pristine Oceans major assets, from which after consolidation together with Open Blue Sea Farms assets will form the largest open sea aquaculture concern. The planned [...]

A Look Into Travelling – Panama Style Panama, just like its heritage and people is a land of not only beauty, but vast diversity too. From Panoramic views of the rugged Pacific Ocean coastline to the more serene tropical Caribbean, many forget that the interior has significant sights and sounds to offer the tourist to, [...]

Horizontal Property New Proposal The Minister of Housing representing the Ministry of Housing of Panama has started active discussions regarding the new proposal submitted with respect to the Horizontal Property Act. This act regulates apartment buildings and residential developments, and the Ministry has recommended new standards to control the industry, with consultation with groups of [...]