As of July 1st, President Ricardo Martinelli has been in office for three years and has two years left in his term. During that time, he has accomplished a number of his campaign promises but has also seen his approval rating plummet from one of the highest of any elected official down to well below 50%. His âmy way or the highwayâ style of government has been both a … [Read more...]
Mano de Tigre: New Casco Viejo Real Estate Project
(Arco Properties) Most people that has been following up Casco Viejo know how difficult it is to find spacious units, specially over two bedrooms. Â You basically have to build your own home from scratch using quite a large property to get beyond that. That is quite normal in historic districts, where there are very limited opportunities to develop larger homes, and this is … [Read more...]
Panama real estate bargains still can be found, if you know where to look.
(International Living) Iâm sad to report that most visitors to Panama never leave the capital city. But if youâre willing to look beyond the city skyline, a world of choice awaits. This is a country roughly the size of South Carolina, so you neednât go far to find idyllic mountain, beach, and valley hideaways with a âso close, yet so far awayâ feel. Whether youâre looking … [Read more...]
Real Estate Market in Panama
(International Living) I love Panama City and all there is to do in and around the gleaming capitalâfrom operas to charity walks to fun classes like improv and foreign film appreciation. Anything goes. You might think that makes Panama City expensive for property. Sometimes it is. You can find condos listed at luxury pricesâ$250,000 and up. But you can also find condos for … [Read more...]
Real Estate Ownership Issues in Panama
(International Living) Most land and homes are sold privately, without a real estate agent. There are active agents, however, and their fees are usually 5%. There is no escrow and no title insurance in Panama, though a secure transaction can be made through a local bank. We recommend you have land surveyed before you purchase it. And donât purchase any property without … [Read more...]