Panama City
Real Estate News

Post U.S. Election Results, a Spike in 'Move Overseas' Searches Occurs

Post U.S. Election Results, a Spike in 'Move Overseas' Searches Occurs

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week. Read More »


Latin America Hotel Development Pipeline Dips in June

Latin America Hotel Development Pipeline Dips in June

According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region. Read More »

Global Office Market Fundamentals Continue to Improve

Global Office Market Fundamentals Continue to Improve

Fundamentals are improving across many office markets in The Americas, Asia Pacific and Europe as we head into 2015. Read More »

Big Hotel Chains Targeting Panama City Growth

Big Hotel Chains Targeting Panama City Growth

Some of the biggest hotel companies in the world have opened new facilities in Panama City in recent weeks. Read More »


Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated November 11, 2016 10:00 AM ET

Panama City

100 days into the term of president Juan Carlos Varela, the real estate market is finding many reasons to applaud the new administration.

The real estate market in Costa Rica is displaying signs of significant interest towards pre-built construction of coastal gated communities.

STR Global reported this week that hotels across the Americas region recorded positive results in the three key performance metrics.

Panama City is enjoying an office building boom being driven by several economic factors.

Real estate prices shot up to over $8,400/acre, an increase of 400 percent.

The $5.3 billion Panama Canal expansion is slated for completion in 2015, doubling the canal's capacity.

Grand Tower, the latest major project to be delivered in Punta Pacifica, has finally been issued its occupancy permit. The developer of the 55-story tower has started to notify owners to prepare for closings, which are expected to begin in December.

Driving over the Panama Canal on the Bridge of Americas, it's easy to find Panama Pacifico, the six-year-old master-planned development on the west side of the canal. The 3,450-acre project is one of the largest and most ambitious developments in the region.

The increasing cost of healthcare in first-world countries has made medical tourism a thriving industry. Instead of traveling for sea views or mountain hiking, tourists are traveling for medical treatment.

The Ritz-Carlton Hotel Company plans to expand its Reserve hotel collection with a resort on Pearl Island, located 45 miles south of Panama City. The Ritz-Carlton is part of the second phase of a luxury real estate and leisure island development on the 3,500-acre Pearl Island.

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.

Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year

The vacancy rate in Panama City's office market reached 29.8 percent during the first half of the year.

Trump Ocean Club Panama is about to become the first Panama City project to offer a beach club on a private island. Both residents and guests of Trump Ocean Club will be able to take day trips to the beach club on Viveros Island.

Two years after the Trump Ocean Club hotel opened in Panama City, work has restarted on plans to build the largest casino in the region. The Trump casino could be open as early as February, but is more likely to debut later in 2014.

The real estate market in Panama has reached a new level of luxury and exclusiveness. This small country with the ever growing skyline reminiscent of Miami now boasts Latin America's first man-made islands, the Ocean Reef development.

Carroll Organization and NorthStar Realty Finance Corp have purchased a portfolio of four U.S. multifamily properties for $102.5 million. This is the ninth purchase in 2013 for Carroll Organization, one of the country's leading private real estate companies.

The developer of the Trump Ocean Club in Panama City, the tallest building in Central America, has filed for Chapter 11 bankruptcy protection in New York as it attempts to restructure $220 million in bond payments.


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