Panama ‘firing on all cylinders’

Panama continues to be one of the hottest markets in Latin America, argues one expert…

Paul McBride, CEO of Prima Panama, a leading consultancy and company promoting real estate projects in the country, explained: “Despite the cancellation of high-profile projects like the Ice Tower and the Palacio de la Bahía, which were competing to be the highest tower in Latin America, the sector is still firing on all cylinders.

"Clearly, the real estate market has changed the last year. In addition to the U.S. slowdown affecting sales in Panama, many Panamanians are increasingly heading north to Florida to buy property to take advantage of falling prices in the United States.

”Despite this, there is still reason to be optimistic about Panama as a real estate investment. The lower taxes, the U.S. dollar, the great climate - all those things remain in place”.