Taking The Pulse Of Panama City’s Property Market

panama skyline

Panama City’s Property MarketThe Lights Aren’t On, So Nobody’s Home, Right?

April 16, 2015
Panama City, Panama

Dear Live and Invest Overseas Reader,

Panama City must be hiding some real estate bargains, a colleague in town for this week’s Live and Invest in Panama Conference suggested over lunch yesterday. When I asked how he came to that conclusion, his response was one I’ve heard many times, not only for Panama City but for other cities with lots of high-rise buildings around the world, as well.

“Looking out my hotel window last night,” my friend told me, “most of the windows of the apartment buildings I could see were dark.”

The assumption is that because the windows are dark at night, no one is living in the apartment. A bank of 30 floors of windows with only a handful of lights on here and there must mean the building is mostly vacant… right?

While many apartments in Panama City have been bought by overseas investors who don’t bother to rent their properties—in particular by Venezuelans who park their money in real estate in general to have it outside Venezuela, and in Panama real estate in particular because they see Panama as the safest haven in the region—most buildings in the city are occupied.

So, if people are living in the buildings, why are so many windows dark? Lots of reasons—curtains are closed, people are out to dinner, people are asleep, people are watching TV in the dark… Electricity is expensive in Panama City. Speaking personally, we turn the lights on Continue…

Panama Is One Of The World’s Top Offshore Havens, Tax Havens, And Property Investment Markets

Panama’s new “Specific Countries” residency program is the easiest and quickest way to establish permanent residency in this country, even to obtain a work permit.
Panama’s new “Specific Countries” residency program is the easiest and quickest way to establish permanent residency in this country, even to obtain a work permit.The Case For Panama Is Stronger Than Ever

April 13, 2015
Panama City, Panama

Lief is busy on stage today, MC’ing this week’s Live and Invest in Panama Conference in Panama City. His wife, Kathleen Peddicord, reports from the scene…

“You’ll have a tough time finding a country with a better set of underlying principles than Panama right now…

–Expat investor David Stubbs

Dear Live and Invest Overseas Reader,

“Panama City today is unrecognizable from the Panama City I discovered for the first time 16 years ago,” I explained this morning to the crowd convened for this week’s Live and Invest in Panama Conference.

“This city has reinvented itself over the past decade-and-a-half. When I arrived on the scene 16 years ago, this was a country in recession. Today’s Panama is booming, and its capital is a bona fide boomtown. Development and investment leveled off post-2008, but Panama didn’t see anything like the downturn that other countries in the region, including Costa Rica and Nicaragua, for example, suffered and nothing like the collapse that continues to play out across Europe…”

No question, Panama is an economic powerhouse. If you’re an investor or an entrepreneur, that fact gets your attention. However, if you’re considering Panama for Continue…