Panama Real Estate Blog

1. Cost of Living
2. Tropical Beauty/ Lifestyle
3. Real Estate Timing/ Investment
4. No Hurricanes or major destructive earthquakes
5. Great Weather
6. Political Stability and Low Crime Rate
7. Location…Location
8. International Class Healthcare
9. Panama has a 1st not 3rd World infrastructure
10. Panama “Welcomes and Wants You”

Cost of Living:Movie ticket- $4.00, Beverage- $.35, Fulltime Maid- $150 per month, Taxi- $1.50 and Housing costs like they were in the USA 20 years ago. Panama’s banking Read more

With millions of Americans and Canadian baby boomers just a bank CD or two away from retirement, the race to find low-cost retirement destinations is off and running.  That’s particularly true in Mexico and Central America, where many prospective expat gringos see the potential of stretching their dollars and living better for less than is possible back home, yet being within two to four hours by jet from their old home towns.

While there are many exciting choices south of the border, two contenders in that race, Corozal in Northern Belize and Boquete in Panama, are already attracting a lot of lookers and an increasing number of buyers.

These two small towns, both boasting a high quality of life and low cost of living, are worth looking at closely to see how they really compare in key areas of interest to relocating expats and prospective retirees, such as daily living costs, real estate prices, the cost of home building, acceptance of foreigners by local residents and overall appeal.

In looking at the Corozal and Boquete areas, retirees and other expats have to make a choice between Read more

HAVANA, Sept 16 (Reuters) - Panama’s economy will grow more than 6 percent in 2007, the country’s president said on Saturday, predicting healthy showings from the port sector, tourism, telecommunications and the free-trade zone.

Panama’s gross domestic product grew 6.4 percent in 2005 and official forecasts for this year are between 7.5 and 8 percent.

“We have not finished calculating the figures but there is going to be sustainable economic growth of above 6 percent,” Martin Torrijos told Reuters on the sidelines of the summit of Non-Aligned nations.

Panama is one of Latin America’s fastest-growing economies, spurred by increased canal traffic, a booming construction sector, buoyant banks and increased exports of tropical fruit.

The economy grew 7.9 percent in the first half of 2006.

Panama is staking further strong economic growth on an expansion of its canal, a subject on which the Central American state plans to hold a referendum.

© Reuters 2006. All Rights Reserved.