Real estate prices shot up to over $8,400/acre, an increase of 400 percent.
Traffic within Panama City's urban core, west of Via Brazil and north of Balboa Avenue, has been absolute chaos for the last two years. Residents have had to deal with gaping holes where massive cranes and underground crews have been working.
There were a lot more active Panama real estate agents back in 2008. That's when people were buying properties sight unseen, over the phone, before construction had even started on the project.