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Investing Ahead of the Growth Curve
2007-06-06 22:31:00
Every day more and more investors and individuals alike consider the Azuero peninsula (and the Panama Interior in general) for their investing and/or retiring plans. This post highlights the basic resons governing this shifting in Panama real estate today.  This blog would like to thank Matt Landau for this eye-opening article."I?m neither an optimist who thinks Panama is paradise on wheels nor a pessimist who thinks it?s the dumps. I?m a realist who unfortunately believes the boom in Panama City is getting so out of control that it could eventually implode like a black hole, sucking up all the money invested in it like a jumbo Dyson vacuum cleaner. The amount of speculation driving the real estate market in Panama City is breathtaking. Literally, I sometimes gag when I hear the kind of numbers floating around this place. The amount of money being spent is unfathomable, and for what? No one?s actually getting anything? These are all condos that won?t be built for months, sometimes ...
More About: Investing , Growth , Curve , Grow , Ahead

The Boston Globe, Panama On The Rise: Construction, global interest booming
2007-06-03 21:21:00
Thank You Indira A.R. Lakshmanan for this great article. PANAMA CITY -- Long a freewheeling shipping hub and offshore banking center for the Americas, Panama is enjoying a building boom on a scale unmatched since the construction of its famous canal 92 years ago.The country is luring investors and expatriates worldwide, with interest further boosted by the recent approval of a $5.2 billion plan that will double the canal's capacity.A real estate frenzy fueled by easy credit from Panamanian banks, government incentives, and a saturated US housing market for retirees has attracted speculators and prospective residents from California to Dubai. They are snapping up preconstruction bay-front apartments, highland villas, and the latest luxury development from Donald Trump -- a $220 million residential, office, and hotel complex called Trump Ocean Club, with towers shaped like a yacht sail. Two rival Spanish projects are vying to build the tallest skyscraper in Latin America at about 100...
More About: Boston , Construction , Global , Globe

Panama Property Checklist
2007-06-02 17:25:00
So you?ve found your dream property in Panam a and you need to know what steps you need to take to ensure that it is going to be transferred safely and securely in your name (or the name of the legal entity of your choice). We have compilled a list of our top-ten prerequisite checks that will guide you through any real estate transaction in Panama: 1. Title check: If the property is titled (have an ?escritura? registered with the Public Registry (Registro Publico), having the title checked is a very simple process. Simply request the "Finca" (lot) number, and have this investigated at the Public Registry. This will show any encumbrances (mortgages or liens) on the property, as well as show the ownership history. It is also useful to confirm the registered surface area of the property, and that the person who is selling the property is the actual owner.2. Rights of Possession - You cannot "purchase" rights of possession. But you can have them transferred to you. It is particularly imp...
More About: Property , Prop , Pert