Whether you’re looking to buy a second home to enjoy wonderful vacations, retire in a nice warm place, or invest in real estate or new business opportunities, real estate in Panama City is a perfect choice. Panama City is growing extremely fast, and therefore real estate in Panama City is booming. Real estate in Panama will serve you well for years to come whether or not you’re in it for investment or personal use.
It’s important to understand the background to Panama City before understanding real estate in Panama. The United State built and ran the Panama Canal from 1914 to 1997. It was during these years that many people thought of Panama as a United States colony. The United States turned over control and management of the canal to the Panama Canal Authority in 1997 at many years of control. After the United States turned the canal over to Panama, foreign investment in Panama began, and real estate in Panama City and throughout the country greatly benefited from this. In fact, Panama gets more per capita investments from the United States than any other country in Latin America. In turn, the airports, roads, harbor facilities, and telecommunications are vastly better than any other countries in Latin America. To be exact, international investment in real estate in Panama and business took off.
Most of the real estate in Panama focuses on the real estate in Panama City, and much of the real estate surrounding Panama City is based on the success that Panama City has had in becoming a great city. Panama City has an increasing number of high rise buildings, constantly growing upon an already impressive skyline that overlooks the bay and the canal. The city offers luxurious and affordable apartments and condos. Some are close to the water, some are close to the inner workings of the great city, and many are both. It’s hard to find a city with more to do, more affordable and quality places to live, and more of a promise for better things in the future. Real estate in Panama City is truly on its way up.
There are upscale neighborhoods already in Panama City like el Dorado, Paitila, and San Francisco. However they are upscale in quality alone, and only upscale in cost relative to the rest of Panama City. Real estate in Panama City can be compared in quality to many other international cities all over the world, but the price and the market of the city is very different. All you need to do is come take a look or do your research and you’ll see just how interesting real estate in Panama City really is, and how it could become an important part of your life.