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 [...]

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 [...]

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 [...]

Transparency, tribulations and truth. Besides the immense popularity and success that has been achieved in the Panama Real Estate market, as well as the latest market corrections brought about by the cyclical economic conditions that are currently prevalent. This has resulted in many property investors not taking market possibilities into account investing into the Panama [...]

What are the real benefits of retiring in Panama Panama has consistently been reviewed and rated within the media as a top destination in terms of retirement, and more recently that of investment too. The incentives that are made available by the government of Panama provide a number of benefits to the retiree, the following [...]

Will Panama’s Tourist Card be phased out? The tourist card which has been a source of consternation, confusion and hassles for many visitors over the years has come under scrutiny by the authorities in Panama. Although some countries do not require that a visa be applied for or approved to visit the country, a tourist [...]