Real Estate & Economic News in Panama from Propertyshowrooms.com

'Good potential' for investment in Panama property

Tue, 13 Sep 2011 00:00:00 GMT

The strength of the economy in Panama, coupled with its expansion plans for the canal, mean that the country could prove to be a good place for real estate investments.

Matt Landau, founder of ThePanamaReport.com, asserted that "investing in Panama real estate represents high potential, with comparatively puny risks".

He stressed that one of the most important things for those buying a property in Panama to look out for is the property title. Mr Landau advised using a good lawyer, as well as a translator, when carrying out any transactions in the country.

Among the reasons highlighted for investors to consider entering the real estate sector was Panama's economic growth - with Mr Landau noting that it is expanding faster than any other nation in Latin America - in addition to its low unemployment and government initiatives to improve infrastructure.

Retirees hoping to escape to the sunshine may also want to consider the merits of buying a property in Panama, with International Living recently naming the country one of the top three places in the world for those no longer working due to the benefits package offered to pensioners.

Panama named as top destination for investment in 2011

Wed, 12 Jan 2011 00:00:00 GMT

Panama has been named as one of the top ten worldwide destinations to invest in property this year, it has been revealed.

According to experts at Write About Property, the Central American country is likely to benefit from rapid improvements being made by the US economy.

In recent years the country's real estate market has benefited from its popularity with retirees from the US, with many looking to buy property in Panama.

Added to this, the International Monetary Fund (IMF) has made some positive forecasts about its economic growth over the coming year, the news provider reports.

Panama's economy is predicted to continue expansion, as it has done throughout the global crisis, with the IMF stating that it will show 6.2 per cent growth this year, and 6.7 per cent next year.

"With the Panama Canal - which along with the Colon Free Trade Zone accounts for three-quarters of Panama GDP - still proceeding towards 2014 completion, global investment in Panama will soar as the world economy recovers," the news provider stated.

Panama set to lead economic growth in Latin America

Thu, 28 Oct 2010 00:00:00 GMT

According to the International Monetary Fund (IMF), Panama is leading the way in terms of economic growth in Central America.

Indeed, the IMF claims that the nation will be at the forefront of Latin American growth through until 2015.

The strengthening of its economy comes as a result of ambitious investment in the country's infrastructure and development as well as plans to expand the Panama Canal.

Panama's economic activity rose 6.24 per cent in July, well above the expected five per cent and has posted growth for the past 11 months.

This strong growth has meant that the emerging country is fast becoming a haven for multinational corporations, real estate developers and travellers, IMF added.

And the Panama Guide backed this up with reports that, according to the Ministry of Commerce and Industry, direct foreign investment grew 26 per cent in the first part of this year.

"Between the expansion of the Canal and the continuing double-digit increases in tourism, it's hard to see how Panama won't become Latin America's greatest success story," says Benjamin Loomis, developer of a new Panama real estate project.

Property in England sees price increases

Mon, 15 Mar 2010 00:00:00 GMT

Property prices in England and Wales have shot up by 5.2 per cent in the space of a year, according to new Land Registry figures.

In news that points towards the continued resurgence of the housing market in the country, the cost of property in January this year posted gains in comparison to 2009.

It represents one of the largest monthly increases that the registry has reported since growth began again midway through last year and is the second consecutive month that the figure has been positive.

Some of the biggest rises were seen in the south-west region of the country.

A spokesperson for the Land Registry told Reuters: "While not all regions are recovering at the same rate, it is clear that overall prices are increasing."

According to a recent report conducted by property developer Knight Frank, sales of newly-completed projects in London rose by a staggering 214 per cent during the final quarter of 2009, compared with the previous year.

Panama tipped for further growth

Thu, 16 Jul 2009 00:00:00 GMT

The

Panamanian property

market has been tipped to grow strongly, with a US developer describing it as one of the best prospects in the Latin American region.

Ben Loomis, the founder and president of Amble Resorts, said the country offers a well-run economy and is on course for strong economic and property market growth, due to a favourable trade agreement with the US and an expansion of the Panama Canal.

Explaining the decision of the firm to build a new development that includes a number of holiday homes, Mr Loomis remarked: "Although the economic climate is not the only reason we chose to build our property in Panama, we were definitely attracted to the growth and stability there."

The company is creating it as an eco resort, noting that this is aimed at tapping into the growth of green tourism in the country.

Earlier this month Nuwire Investor predicted that due to the country's growth, Panamanian property will increase to between two and five times its present value in the next five to 15 years.

Panama set to become more popular

Fri, 8 Aug 2008 00:00:00 GMT

Panama has been tipped to become a hotspot of activity among overseas property buyers over the next few months.

According to the BuyAssociation website, the Central American country has attracted high levels of media coverage in recent months as a result of the John Darwin case.

Mr Darwin faked his own death in a canoeing accident four years ago in order to enjoy a new life overseas with his wife.

However, the attempted fraud was recently exposed, prompting many media outlets to highlight what lifestyle attractions made Panama an attractive destination for the couple.

BuyAssociation believes its recent high profile could trigger additional interest in the country among foreign property buyers and expats.

Paul Collins, property editor at the website, commented: "Before this whole thing started, a lot of people didn't really consider Panama as a viable destination for moving overseas."

He stated that consumers are now more aware of the fact that Panama City in particular is a modern location which offers favourable exchange rates.

Panama 'gaining more attention'

Thu, 7 Aug 2008 00:00:00 GMT

The potential advantages of investing in property in Panama have been growing thanks to the recent case of a couple who moved there after an insurance scam, it has been stated...

Panama 'offers cheap property'

Thu, 7 Aug 2008 00:00:00 GMT

Overseas property buyers may be able to snap up a relative bargain in Panama, a media outlet has stated.

According to the Guardian, a typical apartment in the South American country can cost as little as £30,000.

Meanwhile, a two-bedroom flat in Panama City, complete with gym and swimming pool, can sell for about £75,000.

Commenting on the market, the Guardian observed: "Even in the current downward spiral of the UK housing market, Panama's property remains a bargain by a long way."

The newspaper said the country also offers a number of lifestyle attractions, such as good beaches and sunny weather all year round.

Furthermore, it stated that Panama has a favourable tax regime and good healthcare provision, attributes which have made it a popular spot for retirees.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Panama attracts more British investors

Tue, 29 Jul 2008 00:00:00 GMT

Interest in emerging markets such as Panama among overseas property buyers in on the increase, experts have revealed.

According to research by HiFX, fewer British investors are seeking opportunities in established European markets, including Italy and Spain.

The currency specialist has attributed this trend to a number of factors, such as the strong euro forcing up the cost of living in these countries.

HiFX added that emerging markets across the world are also becoming more popular with investors, as they widely seen to offer better growth potential.

Mark Bodega, director of the organisation, commented: "Investors are always looking for the 'next big thing' to try and tap into undeveloped markets."

Panama was highlighted as one hotspot of actiivity, as the number of enquiries relating to the country has gone up slightly in recent months.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Panama property investment not for the light-hearted

Fri, 4 Jul 2008 00:00:00 GMT

Panama has the fastest growing economy in Central America but new investors are still worried about the political climate, infrastructure and possibly being ripped off, according to a new report...

Panama investors to benefit from tax breaks

Thu, 26 Jun 2008 00:00:00 GMT

Owners of real estate in Panama have been boosted by the news that they will still be able to benefit from a 20-year property tax exemption.

According to the Foreign Property Buyer website, the policy expired last year, prompting fears that some investors would start to shun the country and look elsewhere.

However, the online portal has stated that the government has renewed the tax break in order to keep encouraging growth in its housing market.

Commenting on this development, the website said it means that overseas investors will continue to pursue opportunities in Panama.

Foreign Property Buyer remarked: "The news has been welcomed by investors as it is expected to keep Panama's property market on the up."

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Twenty year tax exemption for property investors renewed in Panama

Tue, 24 Jun 2008 00:00:00 GMT

The 20 year tax exemption for buyers in Panama which expired last year has been restored to keep the country's booming real estate market on the rise...