Despite the drumbeat of grim real estate news from elsewhere in the world, visitors at the launch party insisted that the real estate situation in Panama City, home to just over a million residents, was different - and that the city's construction boom was built on a bedrock of solid fundamentals, including an economy growing at about 7 percent a year, an influx of companies opening outposts and a wave of retired and semi-retired American homebuyers...
Development in Panama is moving full speed ahead. The condominium market is attracting the American retiree population, as well as many other buyers from North and Latin America and investors from Europe, Asia and the Middle East. Whether investing or relocating Panama has many reasons why this region has been attracting people for several years and will it seems continue to do so.
Panama's economy has steadily increased in recent years and the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultation with Panama, which found that the economy grew a healthy 4% in real terms last year following two years of weak growth. More information below featured properties.
Panama has also showed no signs of change in its upward progress. In its annual Report, Moody's Investor Service says, "the country's (Panama) split ratings and stable outlook reflect a manageable fiscal position. Free Trade Agreements, such as the recent accord with Taiwan, will also help to benefit the Panamanian economy by encouraging foreign investment into the nation's financial and communications systems, the report added. In total, Panama has Bilateral Trade Agreements with over 20 countries throughout the world. There are numerous reasons to view the Panama Property Market as stable and viable - especially now that the second Panama canal is under way for construction which will add greatly to this regions properity.
