Panama Real Estate Companies

Benefits of friendly panama

admin — Wed, 01 Jun 2011 02:21:58 +0000

If you are staying away from your home then along with the best services of that country you may also want to have the comforts of home and familiar services within an easy reach. Panama provides all the facilities and services that no other country provides at so much of ease. Panama has modern American-style infrastructure.

Safe and secure Panama
Panama is leading in the rank for tourist safety.
As compared to other countries, it has a very low crime rate. Small street crimes are not common here in Panama City, whereas in other countries in the region these crimes hinder tourists. Tourists will not only feel safe here but they will love this friendly place. Tourists don’t have to worry about visiting places in Panama. Not only tourists but some of the top US companies are now choosing Panama for making their headquarters due to Panama’s super security and safety. Panama is being preferred over any country in Latin America except Chile and Uruguay.

Benefiting retiree and foreign investors
The government of Panama is investor-friendly, that means Panama’s government has always been supportive in case of business and entrepreneurs.
Not only to the entrepreneurs but the government here has the best benefit for retiree in the world. Majority of the entrepreneurs at Panama are US-educated. They have great knowledge and understand the ways of working with foreigners.

American-Style Infrastructure with Latin-Caribbean culture
Panama’s living style has got American-style infrastructure but with distinct and delightful Latin-Caribbean culture. At Panama you will always feel like home as it has got influenced by American style. Until 1999 about 50,000 Americans took control of the Panama Canal by making their homes in Panama and left their mark.

Fun-loving and friendly Panamanians
What makes a place for living great? It’s the environment and the people around where you live. Panamanians are the friendliest people in the world. As mentioned above Panama is a becoming a hub for many US companies, the people here have been living and working with foreigners for a long time now and thus got friendliness in their blood.The saying that Panama was “born globalized” was made as Panama is home to immigrants the world over. Panama is called world business crossroads.
People from around the world coming here for the purpose of business or anything else brought different communities of different races and nationalities together. Like most Latin American countries, where mestizos are a combination of European and Indian origin, Panama also sees different cultures brought together.
No wonder, at Panama population comes around from different parts of the world, but majority is population is black, descendents of those who came to help in canal construction Apart from black population, Arabic, Hindu, Jewish, Chinese, American and European too have a good presence. Panamanians are fun loving and friendly and they know how to get along with the people who belong to other communities and race. The beauty of Panama lies in the different cultures of people.

Special session needed for possessory rights in national assembly

admin — Thu, 05 Nov 2009 19:47:40 +0000

The most controversial bill was found in possession to island that will be continuing till November. Just one day before the national assembly president has said that the law for this will need to have a discussion and it will be convened to the Ricardo Martinelli, the president. According to the land of the ‘’Popi’’, the minister of finance and economy Alberto Vallarino decided to help a meeting and letting know the investors about the land and their plans.
Later he admitted, this is to understand the law of property and the process should be very useful for the debate and will be very transparent. The directorate of the land registry is now a deputy where the law was seems to getting old smell. Now he is trying to make the bill possessions to rights and will improve it when it concern to purchasing power.

Panama construction sector will shift to commercial project

admin — Mon, 12 Oct 2009 18:41:40 +0000

The construction sector of panama appeared to shift to commercial projects from the residential projects. The application for every new construction, addition, repairs in year 2009 from the month January to August has received a sum of USD 1.2 billion represents the increasing capability from the 2008. The panama president of the chamber of construction and development, Jaime Jovane has explained the global finance crisis that took place and they are probably expecting it as the impact of the market place.The crisis gets in high demand for luxurious apartment that highly aim to foreigner who already done a huge part with the purchasing capability and power. The Jaime Jovane has said that real estate developers are now looking to turn many projects in the local market for everyone who either needs it for commercial purposes or housing purposes. There are such nice constructions are like building of apartments, market place, shopping center and official building.
A recent survey conducted by the economy ministry has found that there will be 191 projects by the end of mid year. There are altogether 191 projects to finish by then and they are almost residential projects, official buildings that ranges from the 30 to 40 floors and can be found in the San Francisco district. The other districts where these building will be constructed are the Bella Vista and Parque Lefevre.
Lately, by the last year the banking commission had imposed of the rules for constructional and financial exposure in case of declining the real estate market. Several other bankers are now reportedly said that they are unable to find new projects with the policy that has slightly changed a bit but the improvement in the global economy is concurrently improving.

The real states prices firm the rates

admin — Sat, 22 Aug 2009 03:29:11 +0000

The consult with the top twelve real estate running project in Panama shows the result that not all of the rest estate companies dropping the prices even in this recession period. The almost major project vary from $120,000 to $300,000 dollars and it made sense that only of the company has lower down its prices and it is just because to promoting themselves and compete with other real estate companies. The only openly dropped it prices and ready to negotiate with the buyer for reduction in the prices. In the April 2009, the Pine Hills apartment in Albrook offered its prices for $295,800 dollars and lately they announced it with the new prices $275,000 dollars. What exactly happened is being said by the resources of this company is that they have only few units were left to sell and they wanted to promote their sell as quickly as possible. Another apartment in the Quartier tower, San Francisco has lowered down its prices from $132,500 dollars to $130,000 dollars. This was the lowest offer they accepted from their one buyer because he has only 50% of the purchase price. The director stated lately, this was an over supply, the apartment that valued $200,000 dollars must come down. Companies were ready for the assessments and this is what has happened. The HL developer’s manager has said that the price has come down with per meter cost and this is the only tendency to the production that needs to boost up. A real estate consultant has reported that the promoters are prepared to lower down their prices but they are not ready to let it to be known in public.

Ensure That Your Property in Panama Is Exempt from Paying Taxes

admin — Sat, 01 Aug 2009 17:03:44 +0000

It’s not a secret anymore that the new properties that lie within the territory of Panama are entitled to 20 years of property tax exoneration. In fact, this is actually the key factor that is attracting many investors to invest in this beautiful land. However, it is a common misconception among many people that this exoneration is applied automatically after once they purchase the property and this is why they don’t seem to give much priority to this concern.
Nevertheless, when taking handle over the sales of our clients’ property, we have often come across the fact that the registration of tax exoneration was never done properly and the present owner instead owes money for the unpaid taxes that should have been absolutely exempted. This can turn out to become a really serious circumstance for the property’s owner who is attempting to make a sale successfully. The only two alternatives available in this case are to either don’t consider of making the sale as long as the property is legally registered for the exoneration, or to choose to sale and make payments of the due taxes and sale your property on its own and let the new buyer to register for the tax exoneration. Whenever you choose to buy a property qualifying the tax exemption, you should ensure that the title transfer has been accordingly updated on the Ministry of Economy and Finance records, and also make sure that the tax exoneration has been properly completed. It’s an undeniable yet bitter fact that many developers don’t let their clients know about the truth that properly tax exoneration will not be automatically applied once the property is bought. Perhaps that is why many property owners assume that this issue doesn’t exist at all when purchasing the property. If you want to ensure whether or not your property is also facing such an issue then you can contact us at and we will let you know if there is any tax exoneration issue related to your property.

Playa Corona project will be slated

admin — Sun, 12 Jul 2009 18:50:39 +0000

A new project is now come into existence for Playa Corona, San Carlos. It costs approximately USD 14 million estimated by the promoters that are doing this project. The new project is entitled Condo Hotel Iibza Playa Corona that will start its construction part by the late end of year 2010. It is estimated to occupy a wide area of 500,000 square meters and it will run along with the other real estate project over here in the great place of Playa Corona, Rio Mar, Farallon. The complete work will be occupied by the promoters and they will significantly play the major role in order to development of this project.
The project is now ready for the construction and the promoters are doing their huge part to build the tower of 12 floors with apartments nearby of 1 to 3 bedrooms and major features. The prices ahs not been decided, yet but it will be approximately up to USD 84,000 and the amount could go up depend upon the circumstances.
Entire project will call the marketing director and member of the advertisement board name to Eynar Gonzalez who will work through the development and initialize the employment with the resident’s area. He will also take responsibility of the construction, maintenance and highly secure security. The director of marketing for Nikki Beach Playa Blanca has renounced that it is going to be the next well known destination for the tourist and people who always seeking a place to live their entire life in peace and luxury.

Explore Chinese real estate market

admin — Sat, 27 Jun 2009 21:46:53 +0000

The estimated investment in the construction sector during 2008 is estimated at U.S. $ 1,500 million and by 2009 he will be smaller but positive.
A cooperation agreement was signed by the Panamanian Association of Real Estate Brokers (ACOBIR), with its similar in China, confirmed Osvaldo Marchena, president of the guild to the newspaper La Estrella de Panama.
The promoters of Panamanian real estate, explore new markets in order to offset the fall in sales came to reach the 772 units per month, but now are located in approximately 300 transactions per month.
Although there is no date set, Marchena said ACOBIR representatives will travel to Beijing within the next two months to promote the country among Chinese multinationals wanting to invest in Latin America.
As a tool to attract Asian capital to Panama, real estate developers out the benefits of Act 41 which contains a number of incentives for multinationals to establish their regional offices Panamanian soil.
Representatives of ACOBIR also encourage the signing of agreements with professional associations in the sector with other countries, Marchena said.
He added that a successful first visit to Canada, but not in Russia because the Russians prefer closer destinations such as Bulgaria, Oman, Dubai and Greece.
The estimated investment in the construction sector during 2008 is estimated at U.S. $ 1,500 million and by 2009 he will be smaller but positive, due to the global economic crisis.

What You Can Expect in First Phase of Howard Project

admin — Tue, 28 Apr 2009 17:38:13 +0000

Project Panama Pacifico has started in November 13, 2008 at the former US air force base at Howard near Panama Canal. Since the inception of the project, government of Panama had made a deal with UK based real estate developers London & Regional Properties with a hefty US$ 750 million. This is one of the biggest developmental projects in any part of the world. More than 2750 acres of land was earmarked for the entire project.
The Panamanian government made a public-private partnership with the London & Regional for the project and formed AAEEPP (Panamá-Pacífico Special Economic Area Agency), a governing body to supervise the works. It will develop the land in 40 years. The infrastructure at the commercial and residential sites will be of highest standards according to international level.
Gilberto Ferrari, the administrator of AAEEPP stated that nearly 450 million US dollars will be spent during the first phase of the Project Pacifico, where renovation of the existing airport will be taken care of. The domestic and the international terminal will feature state of the art technologies and smart interiors. The airport will become a hub for the regional air cargo transportation, as the existing Tocumen International airport will act as center for transport of air passengers. The Howard air force base is situated near the southwest area of Panama Canal and just opposite is the Panama City at the South East part of the canal. It is merely a 15 minutes flight from Howard base to the Tocumen airport.
Miguel Angel Claire, the other administrator at AAEEPP has stated that during the initial phase of first eight years, the London & Regional will invest US$ 60 million to build multi-utility offices, commercial spaces and warehouses.
It will also include developmental proceedings around Howards air strip to construct roads and other infrastructure improvement to connect the airport to the rest of the country. Supply of adequate potable water to the entire Project Pacifico will be developed during the first phase of the project. It will also encompass wastewater treatment facilities and sewerage networks.
When fully developed, Project Pacifico will cater employment of around 40,000 odd people. Therefore, public transport system has to be developed also. In the first phase, renovation of the existing roads of the former US base will be done. A comprehensive mass transport system to cover whole of the Howard area and connectivity to the Panama City will be developed.
The first phase of Project pacific will also include development of an International Business park, the Town Center, the Pan American Corporate Center and Kobbe Hills. The London & Regional will construct a new road in the west perimeter, underground power supply cables, initial telecommunication infrastructure, aqueducts, and improvements to the Andrews Boulevard.
Jaime Gilinski, the in-charge of the construction of Project Pacifico has stated that when completed, the modified town will become the model of logistic development for the rest of the world.
It has become a matter of immense interest from the investors throughout the world that how L & R works in the first part of the much hyped mini city in the Howard base.

Invest or Not in Real Estate?

admin — Wed, 22 Apr 2009 21:09:22 +0000

The performance of these funds will come from the operation of real estate and the earnings and losses that the investor obtains will depend on the income generated from rent or from sales of properties.
With the growth in the construction sector, which in June of 2008 was 54.5%, it is today attractive to invest in a residence or apartment.
But there also exists in the market another alternative, which is real estate investment funds, and participating in these is a very profitable business.
The performance of these funds will come from the operation of real estate and the earnings and losses that the investor obtains depends on the income generated from rent or from sales of properties. Besides this, the investment will be adjusted annually by the change in value of the properties that the fund possesses.
One will ask, why invest in these products? As in any investment, you should analyze all of the implications that are invested in this figure.

What is a real estate investment fund?
It’s a portfiolio of resources (assets) formed by the savings of many investors that is purposed toward the acquisition of real estate, generally for rent or for sale. The investor buys a part that is proportional in all of the real estate that is acquired, which is known as a “share” and permits obtaining part of the results that the portfolio generates.
These funds are “closed”, which implies that the number of shares is limited, which are negotiated via a stork market and their terms are definite.
There exist other investment funds whose portfolios include other goods, for example, value in debts or shares.
For whom are these funds?
The standing norm establishes minimum investment amounts of 5,000 dollars and up. As the real estate business is a long term one and with variables that demand some knowledge of real estate, these funds are for the investor who:

• Knows about investment funds and the functioning and risk of real estate investments
• Can commit money for the long term
• Has at his disposal the minimum established amount
• Has other investments (diversification)

Every investment carries a risk.
BEFORE DECIDING ON WHICH FUND TO INVEST IN, KNOW THE ALTERNATIVES AND RISKS ASSOCIATED WITH EACH ONE.

Some risks common to these funds are:
• Risk of concentration of the real estate. This occurs if the invstors concentrate in only one type of real estate or in only one property or project and when for reasons of unoccupancy, vacancies, or disasters, the income of the fund is diminished.
• Risk of concentration of renters. This happens when the income comes from the rent of only a few renters or from only one activity and when, due to market conditions, or incompliance with a contract, eviction or disoccupation the income of the fund is reduced.
• Risk of unoccupancy of the real estate. The fund could acquire properties that remain unoccupied for a long time.
• RISK OF INADEQUATE VALUATION OF PROPERTIES. THIS HAPPENS WHEN PROPERTIES ARE PURCHASED AT AN EXCESSIVE PRICE OR ARE SOLD AT A VERY LOW PRICE.
• Risk of liquity of participation. In these funds, in order to recuperate an investment shares of stock must be sold in the stock market. You could not successfully sell the shares at the desired speed or receive less money than hoped for depending on the offer and demand.
• RISKS OF OPERATION. EACH FUND HAS ITS OWN DEFINED WORKING RULES THAT THE ADMINISTERING COMPANY MUST FOLLOW AND ARE AVAILABLE IN THE PROSPECTUS. NEVERTHELESS, YOU AS AN INVESTOR COULD BE PREJUDICED BY GUILT, WILLFUL MALICE, OR NEGLIGENCE OF THE ADMINISTERING COMPANY OR BY AN EMPLOYEE.

In summary, risking yourself or not entering in this type of business is the decision of each person. What is certain is that before doing so, you must obtain information about the characteristics of the investment, the investment policies, the real estate investment fund’s risks, and the administering company.

Lagomar Properties announces condo sales for Hard Rock Hotel Panama

admin — Tue, 21 Apr 2009 21:49:22 +0000

Hard Rock Hotel Panama
The Lagomar property has announced the commencement for the hard rock hotel Panama, a luxuries hotel development on the Pacific Ocean. The tropical location combined with hard rock’s renowned offer you a unique destination resort for one of the world’s most globally recognized brands. It would be less than hour to take to reach the hard rock hotel Panama. The city will be located near Coronado beach.
The hotel will be situated near the lightly forest seaside and rainy equatorial region including miles of sparkling white sand beaches and towering palms. Brining the hard rock hotel in this side will definitely brings some significant changes as per the people are concern, who looking to enjoy at the most. The eco-sensitive design of the hotel will incorporate panama culture from Spanish to Kuna motifs within a good up to date.
Planned attractions currently including the huge foot pool and the two signature restaurants that feature the best South American chef’s and cuisine, a signature bar offering sophisticated adult nightlife adventure to this area. There are some great buildings are to be developed for the wedding ceremony and to enjoy for the several other occasions that helps people to group and enjoy. A small ballroom also is on site for more private, intimate affairs and there will be dedicated children’s areas and activities for family vacationers.
The resort is part of a planned destination complex currently set to include an 18-hole gold course. From rain forest to the desert oasis of Las Vegas, the wealth is experiencing the huge profit in this field for the development and the recreation work. Lagomar properties are committed to the ecologically vacation conscious vacations that to visitors from all over the globe. You can get information regarding it on the website that can also be guiding you for the selling broker information and about the Panama project.