Panama City, the largest city in Panama, is indisputably the city of progress in Latin America. Not only being the 13th most high rise city in the world, its infrastructure is first world.
Panama has all the comforts of most modern first world cities; Major modern airport giving access to the world, modern convention center and facilities for the arts, exclusive shopping from around the world and more international banks than any other country in Central America. Over the past 15 years, Panama has solidified and expanded its role as the Hub of the Americas.
This expansion and positioning makes the Panama real estate and Panama property investments market one the safest bets to invest or buy real estate in Latin America. The Panama Canal is the backbone of the economy. The completion of a US$5.25 billion expansion will enable it to accommodate the largest modern cargo ships. The country has converted itself into a business hub for the Americas, with many multinational corporations opening regional headquarters in Panama.
The international airport continues to expand, supporting the increased traffic. The many luxury homes and high-rises in and near the city fuel the real estate market. One of the world’s strongest economies, Continued investment in logistics infrastructure (Panama Canal, Port of Colon, Tocumen International Airport, second Metro line) support continued economic expansion. Foreign direct investment (FDI) at 10.8% of GDP in 2013, according to International Monetary Fund (IMF) – highest in Latin America.
Easy access from North and South America, and Europe. First-world business infrastructure in Panama City ,established expat communities make Panama an easy transition for retirement or moving abroad. City, beach and mountain living options, Panama’s currency, the Balboa, is pegged to the US dollar and US currency is used, eliminating exchange risks and facilitating movement of money.