(Prensa.com) The construction of the Panama Metro is making good progress and will be ready in 2013, it was announced on Wednesday the president, Ricardo Martinelli, following an inspection by the points where the works are carried on Line One "The Metro de Panama near the Metro Bus will change the lives of Panamanians who spend hardship, rising early with a transportation … [Read more...]
A Step by Step Guide to Buying Property in Panama
(International Living) Purchasing property in Panama is very similar to the process in the United States, but there are some important differences. Step 1: Confirm the Title The first thing you need to do is confirm the legal owner of the property. After you’ve found the property you want to buy, ask the owner for two important documents: the public deed containing the … [Read more...]
Panama: The Best Place to be a Retiree
(International Living) This month, International Living released its Annual Global Retirement Index 2011. To rank our winners this year, we analyzed 37 critical data points for each of our top 23 retirement havens. As usual, Panama is a heavy hitter, taking one of the top 3 spots. It’s easy to see why. For one thing, Panama always takes the top spot in the “Retirement … [Read more...]
Panama has new taxi rates
(Panama Digest) Now that the new fare schedule is here, taxi drivers could be applying hikes as early as this week. Rates will increase by five to 20 cents in Panama City’s seven transportation zones, extending from the Amador Causeway to Costa del Este. The minimum fare is now $1.20 instead of $1.00 and extra charges apply, including 50 cents per additional passenger and 30 … [Read more...]
Twelve Tips for Buying Pre-Construction Property
It’s the only legal back-up you have for one of the most expensive purchases you will make. Yet it’s something that most buyers don’t check. Worse, those few that do take the time to check usually don’t understand it. I’m talking about the sale contract…and if you’re buying a pre-construction property overseas, you really need to pay close attention to it. Pre-construction … [Read more...]