Monthly Archives: May 2014

Purchasing Real Estate in Panama – The Process

The following is an overview of the purchase process for property in Panama. Purchasing real estate in Panama typically involves the following steps – not much different than in many other countries: 1. Select Your Area or Town in Panama 2. Select Your Real Estate Agency 3. Identify Properties That Match Your Needs 4. View Read More

Starbucks is coming – Panamanians will love it

  When our team visits the United States, what some of the staff and their family ask to have brought back to Panama are items from Starbucks – anything from Starbucks.  Mugs with the logo, cups, coffee, whatever.  This is a coffee loving culture and many have connections to or deep appreciation for the United Read More

Another Direct Flight to Panama – Denver (also see list of direct flights to Panama)

  Updated – United canceled the Denver service, but now Copa will have Denver direct flights.  More info here: New Direct to Denver Flights from Copa – 13th US City to Get Direct Copa Flights United Airlines has announced that they will offer direct flights from Denver to Panama City, Panama starting in December 2014. Read More

Panama’s New Immigration Option – The Friendly Nations Visa

Come on in.  … The Friendly Nations Visa is an excellent relatively new immigration visa option that has become one of the most popular paths to legal residency in Panama. Panama’s people are blessed with low unemployment, many would say full employment for those willing and able to work.  The entry of many multinational companies Read More

$780 million upgrade to Panama Airport underway

Panama’s Tocumen Airport has improved and grown enormously over the last several years with more to come. New terminals, flights and improvements have come fast.  Just six or seven years ago, it took a long time to move through immigrations, baggage and customs in Panama and there were just a few cities outside of Latin Read More

What is the process to buy real estate in Panama?

The real estate sales process in Panama typically involves the following steps – not much different than in many other countries: 1. Select Your Real Estate Agency and Type of Listing Agreement 2. Activate the Listing Agreement and Select Appropriate Market Price 3. Market and Prepare Your Property for Sale 4. Show the Property to Read More

Do you really not need heating or air conditioning in Boquete?

It is said that there is no heating or air conditioning needed if you live in Boquete.  The reality is that this is mostly true and it greatly reduces the cost of maintaining a home.   However, the full answer is dependent on which microclimate in Boquete you live in and primarily at what altitude. Boquete’s Read More

The Best Large Property Deal in Boquete Right Now

This property has excellent investment potential.  If you are seeking a hotel site with lots of land and views or a desirable development site at a low price within 10 minutes of downtown Boquete, this is the best deal on the market right now. More information and photos  

First Subway Metro ever in Latin America now Operating in Panama

  Another impressive accomplishment for Panama.  The Metro, open as of April 2014, is part of the many projects underway in Panama’s capital to alleviate congestion.  Along with the Metro are many road works which are already improving the standard of living in Panama City.  This country is serious about development. Excerpt from: Fox News Read More

Financing a Property or Home Purchase in Panama – Owner Financing and Bank Loans

  There are two primary options for financing property in Panama – owner financing or a bank mortgage.  Most of the transactions with foreigners do not include financing. However, if you have a real estate agent who is familiar with the bank mortgage process it is a good option. Even better if you have an Read More

Juan Carlos Varela wins 2014 Presidential Election

Juan Carlos Varela will be the next President of Panama.  It was a surprise victory.  Given the high approval rating of outgoing President Ricardo Martinelli, it was expected that his hand-picked successor would triumph.  However, since the days of Noreiga in the 80’s, the sitting party has never repeated in a presidential election.  Democracy is Read More

New Panama Diamond Exchange

Panama is the business crossroads of the Americas. It’s geological position, political stability and pro-business orientation along with the strategic Panama Canal’s role in international commerce makes it the logical choice for exchanges like this one.  The new diamond exchange will be a new major gem and jewelry center. A reflection of Panama’s sparkling appeal Read More