Panama Real Estate

The Rio Chagres – A Hidden Treasure in Panama

2007-09-05T15:51:00.000-07:00

Most people are at least somewhat familiar with the significant role the Panama Canal plays in the global economy. The canal facilitates the organized transport and trade of mass amounts of consumer goods each year, and plays a pivotal role in the advancement of the world economy. The operation of the Panama Canal relies not only on precise and comprehensive engineering endeavors, but also on nature to supply the rainfall required to keep the canal operating smoothly. The Rio Chagres plays a vital role in delivering the water and energy needed to maintain the operation of the canal.

Besides having the unique characteristic of flowing into both the Atlantic and the Pacific Oceans, the Rio Chagres also supplies a majority of the water used to control water levels in the Panama Canal and to generate the electricity that keeps it in operation. Due to the global importance of the Panama Canal, the Rio Chagres is arguably one of the most noteworthy rivers in the world. The Rio Chagres and its tributaries receive around 200 inches of annual rainfall, which rapidly flows from the surrounding steep, domed mountains into Lake Alajuela, a manmade lake which feeds controlled amounts of water into the locks of the canal by way of The Madden Dam.

Throughout the Panama Canal’s historical existence, increased deforestation has bestowed ecological challenges upon the area and has incited concern over the preservation of the canal. With decreased density of the vegetation in the surrounding areas, the Rio Chagres was faced with even more rapid currents, in turn causing erosion of the land and a collection of sediment within the canal that threatened water levels for the canal. In order to preserve this biologically and economically critical area, Chagres National Park was established to protect the rainforest, the river, plants and animals in the watershed of the Rio Chagres.

Adventure seeking visitors to Panama can plan excursions that allow them to experience the marvel of the Rio Chagres first hand. A simple boat trip along the Rio Chagres gives spectators the opportunity to explore the colorful natural beauty of an ecosystem teeming with life while experiencing firsthand one of the major drivers of the global economy. Lucky explorers may even have the opportunity to catch a glimpse of the native Emberá Indians, a few of which migrated to the Rio Chagres area several decades ago and established cultural continuity living their lives along the banks of this amazing river.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Traveling To and Around Panama

2007-09-05T15:47:00.000-07:00

For Americans, taveling to and around Panama is simpler and more affordable than it may seem. English is widely spoken in Panama, and is usually spoken particularly well by those who rely heavily on tourism. With the Panama Canal having been American owned and operated throughout most of its history, tens of thousands of Americans have lived in Panama and have become a mainstay in the Panamanian culture.

First, of course, you have to make the trip to Panama. Flights to Panama are available from several U.S. cities, and take approximately three to five hours for direct flights. Once you arrive in Panama, you will have several options for getting around. Besides the U.S. dollar being the currency in Panama, more good news is that transportation, like many other amenities in Panama, is extremely affordable. From the Tocumen International Airport, it takes around thirty to forty five minutes to travel into Panama City, and typically costs about thirty dollars for a taxi ride. If you are staying in a hotel, check whether the hotel provides shuttle service from the airport before arranging other means of transportation, as this may be the most economical option.

Renting a vehicle is one option for your stay in Panama. Many of the same car rental agencies which operate in the United States also have locations in Panama. But if you do opt to rent a car, be aware that driving from place to place in Panama City can be an adventure for those who are unfamiliar with the roads and the ways of Panamanian drivers. Local drivers, including those of buses and taxis, can be aggressive, and you cannot always rely on the existence of traffic signs to guide you. Additionally, traffic lights tend to be commonly ignored, making it imperative that you be overly cautious when driving in Panama. It may be helpful to first travel by taxi or bus and observe the traffic conditions around you to determine whether you want to rent a car and get behind the wheel yourself.

Fortunately, other means of transportation are accessible and affordable in Panama, making it unnecessary to rent a car to get around during your stay. Buses are probably the best option when you are traveling between different parts of the country. For traveling within the city, taxi cabs are readily available and typically run between one and four dollars for most destinations. Taxis in Panama do not utilize the meters you have probably seen in the states, so be sure to find out the fare for your destination up front. Hailing a cab from the street rather than patronizing those waiting outside hotels or restaurants is a good way to avoid being overcharged.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com/

Why the Talk about Panama Real Estate?

2007-08-14T19:04:00.000-07:00

From news reports to travel magazines, there has been a lot of buzz lately about real estate in Panama, South America. More and more Americans are choosing Panama not just as a travel destination, but as a second home or retirement destination. Not the typical Latin American country, Panama boasts excellent medical care, modern roads, and a communication infrastructure comparable to that of the United States while maintaining a lower cost of living. Here we examine some of the reasons Panama real estate is on the rise, and increasingly chosen as the ideal setting by Americans looking to invest in a vacation or permanent home.

A significant contributor to Panama’s popularity as a site for real estate development is its stable economy. The U.S. dollar has been the legal tender of Panama for over one hundred years, though in Panama you will hear the dollar called the Balboa. The use of U.S. currency eliminates the hassle and risk associated with currency exchange for Americans, and gives them a convenient and comfortable means of purchasing goods and services in Panama. The famous Panama Canal is a mainstay in world commerce, and provides the country of Panama with worldly status, steady revenue and jobs for its people. The consistent flow of revenue generated by the canal gives the Panama economy stability even during times of uncertainty in other parts of Latin America. With a multibillion dollar expansion of the canal planned in coming years, the strength of Panama’s economy is not expected to decline anytime soon.

Panama has numerous programs in place to encourage investments in real estate by foreigners. Foreign Panama real estate investors are given the same rights and protection as native investors in Panama under the Investment Stability Law, and tax benefits are available for new investments by foreigners. Special discounts and other incentives are given to foreign retirees who relocate to Panama. Additionally, Panama does not collect taxes from residents on foreign earned income.

Aside from its economic and legal benefits, Panama is a beautiful, natural paradise that has enticed many travelers to make the permanent move to Panama for years. From a city condominium in the midst of the bustle to a serene, remote beach property or getaway in the mountains, Panama offers variety of affordable real estate options to suit all personalities and lifestyles. The experience of one visit to Panama is enough to understand firsthand why so many people continue to visit, move to and invest in Panama.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama: The New Destination for American Retirees

2007-08-14T19:01:00.000-07:00

To Americans, the beautiful sandy beaches and relaxing golf resorts that stretch over all parts of Florida have grown to be practically synonymous with retirement over the past few decades. But today, as more and more retirees are exploring alternative retirement destinations, many are discovering the beauty and opportunity that lie in the flourishing South American country of Panama. The low cost of living, contemporary infrastructure, affordable Panama real estate and stable economy make Panama a desirable destination for retiring Americans. Gracious and welcoming Panamanian people and the use of the U.S. dollar for currency make Panama a natural choice for American retirees seeking a truly unique yet inviting home away from home.

The low cost of living in Panama as compared to that in most parts of the United States makes this thriving country an especially attractive destination for retirees. American retirees are able to uphold a higher standard of living in Panama than they would with the same resources in the United States. The costs of housing construction, food and groceries, medical expenses and transportation are generally lower across the board in Panama. The U.S. dollar goes noticeably further in Panama than in the states, but Panama also offers special incentives for retirees that make living in the country even more affordable. Retirees are eligible for perks including widespread discounts, property tax incentives and tax free importing of household goods and vehicles.

Panama offers most modern conveniences to which retiring Americans are generally accustomed. Internet, cable television and cellular phone access are available in most places. The quality of shopping is also highly regarded in Panama, and most U.S. good are available. Banking and medical care are also modernized. Panama has one of the most stable economies in Latin America, and the Panama Canal generates a consistent stream of revenue for the country. With a multibillion dollar canal expansion that will bring more jobs to the area planned in coming years, the economy is showing no signs of slowing anytime soon.

One cannot discuss retirement in Panama without pointing out the manifest natural beauty all over that makes so many people fall in love with the country in the first place. Cool mountain climates, pristine beaches and lush vegetation abound in Panama. Panama has a suitable environment for every type of retiree, from city dwellers seeking a downtown condo in the center of activity to those seeking a beach escape from everything and everyone.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Bocas Del Toro – Isla Colon

2007-08-03T10:54:00.000-07:00

Though there are many islands in the Caribbean Sea, Isla Colon in the Bocas Del Toro province of Panama stands out among the rest. Bocas Del Toro is home to some of the most beautiful beaches and corals in the Caribbean. What’s not to love about an island where you can ride a bike from one end to the other, surf some of the best waves in Panama and dance the night away at one of the local bars? This beautiful island offers endless activity to satisfy any personality. The streets are lined with happy hour specials, guided boat tours and children running around with no worries.

Unlike many other parts of Panama, Isla Colon has not become inundated with enormous buildings that distract from the beauty of the landscape. There are no 75 story sky scrapers blocking the view of the clear blue waters of the Caribbean, making for a nice view any time of the day. Development is not burgeoning on the island as it is in many other areas; rather there is only a two story hotel or a new mini supermarket being built here and there. Development may be minimal due to much of the island being occupied by rugged rainforest and lush green grass, or possibly because the roads leading to some of the best beaches on the island are not smooth two lane highways. Whatever the reason, Bocas Del Toro has escaped the Panama real estate boom that is consuming the rest of Panama. On the other hand, there is plenty of property that could be developed and no substantial reasons not to invest in Isla Colon or one of the many other islands in the Bocas region. The minor challenges that do confront developers can be overcome, such as rough roads and environmentalist movements to prevent development of the rainforest. Nature friendly precautions to preserve land being developed is just one of the innovative ideas being implemented by the real estate industry to protect the environment.

Not only does Isla Colon offer an appealing balance between modernization and untouched nature, but the services on Isla Colon are first rate. You can enjoy a tasty meal and a refreshing cocktail as you look out over the Caribbean, or take a guided tour through the rest of the region and explore the beauty the island has to offer. There is a good selection of modern hotels on the main island and plenty of stores offering just about anything you would need to live on the island. Not as remote as the San Blas islands where the Kuna Indians live yet not as busy as Panama City, the island is a perfect escape from the rest of the world. Once real estate in the area begins to catch on as it has in the rest of Panama, luxurious resorts will begin to dot the landscape and the area will experience a thriving economy as the rest of Panama has.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

The Unique People of Panama

2007-08-03T10:53:00.001-07:00

From the first moment you step off the plane upon landing in Panama, you will feel as welcome as if you were at home. This is not because of the tall buildings of Panama City, the exotic beaches or the humid tropical weather, but because the people that you will encounter and get to know during your stay will be some of the nicest and most welcoming people you could ever meet.

Most foreigners who are planning a visit to Panama think that they are coming to a typical Central American, Spanish speaking country. While this is partly true, there is much more to be said about the people and culture of Panama. Panamanians love their country with a true passion, and many are willing to share that love with anybody willing to listen. The people of Panama represent all different backgrounds and nationalities, but in this small yet spread out country they have managed to develop a society of great importance to the rest of the world. Panama exemplifies how people from different backgrounds and pasts can live peacefully together in a unified community. Homeless people, wealthy people, middle class working people and everything in between coexist in Panama. One major difference noticed between Panamanians and the rest of the world is that Panamanians do what they have to do to survive without complaint, with the mentality that if they work hard, the rest will take care of itself. The people of Panama work to live rather than live to work, so that they have money to get by but know that family and happiness make up a more important part of life.

Even if none of Panama’s sites remind you of home, the people will make you feel right at home. Walking along the streets of Panama, you can find families playing in parks, elderly men reading the newspaper while talking about how to solve the world’s problems and women offering to sell you their handmade goods. Panama’s people are unique, and only want the best for their country and everyone in it. Once you visit Panama, you may not want to leave. The Panamanian people, accompanied by the beautiful scenery and a booming economy, will soon make Panama one of the top destinations to visit on the planet.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

The Marvel of the Panama Canal

2007-08-03T10:51:00.000-07:00

From the air, it looks like any other river in Panama. From a boat, it still looks like any other river in Panama, but taking a trip through the Panama Canal is not just any other trip. The landmark that put Panama on the map was constructed and ready for operation in 1914. The French began the massive project in the late 1800s, and turned it over to the Americans sometime later because of the high death toll plaguing the Frenchmen. This transition brought a large American populace and its influence to Panama, which became home to all of the Canal workers. Upon completion of the Canal, the Americans maintained control of the Canal and continued to have a major influence in Panama. Although the Canal is now run by the country of Panama, there is still a large American presence felt in Panama, with many of the restaurants and businesses having American roots and a great portion of the Panamanian society speaking at least some English.

Cruising through the Panama Canal on a ten passenger motor boat is an experience one would not want to miss while visiting Panama. If you are lucky enough to cruise by one of the large vessels transiting the canal, you will be awed at the size of these floating warehouses. These ship passing through the canal are inexplicably enormous, but are not even the largest ones roaming the blue seas; the “big” vessels are still required to trek the extra several thousand miles around the southern tip of the Americas due to size limitations of the canal. The increasing size of ocean vessels has brought about a plan for an expansion of the Canal which will double its capacity, so that these bigger ships can take advantage of its intended purpose as do their smaller companions. This 6.2 billion dollar expansion project is estimated to take a full 20 years to complete, but will bring Panama a hefty increase in revenues once completed. The payoff to Panama once the expansion is complete will make the project well worth the wait and laborious effort put in by the Canal workers.

The most unique feature of the Canal that is not talked about very often is the fact that it is freshwater floating these boats across the tiny Isthmus of Panama. The man made Lake Gatun and the Canal connecting the Atlantic to the Pacific are filled with freshwater by rainfall and runoff from the rainforests lining the banks of the Canal. The international combination of people and products that travel through the Canal each year ensure Panama a consistent income to support its budding economy. The toll to transit the Canal and its locks is quite inexpensive for a small tourist boat and will leave you fascinated at this incredible creation found in the tiny country of Panama.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama as a Second Home

2007-07-12T16:30:00.000-07:00

Owning a second home is a luxury many people only dream of and boast about in conversation with friends. In the past, owning a second home meant that you were very wealthy and wanted a place to go on the weekends or on a long vacation to avoid contact with the rest of society. In recent years, this perception has changed. Owning a second home is becoming a worldwide obsession, and with the baby boomer generation approaching retirement age, there are no signs of the second home market slowing down anytime soon.

Panama is becoming a very attractive place to build and own second homes now because of the consistently pleasant climate, affordable Panama real estate and many attractions. Elsewhere in the world, real estate prices are sky rocketing because of the recent interest in buying a second home. In Panama, home prices are also on the rise but remain affordable because they started out well below the global average. Therefore, even as prices rise they remain well below the average cost of property elsewhere in the world.

The baby boomer generation is the first to have access to endless investment opportunities, and it seems that the most popular choice is investing in real estate. They are also the first generation to really be exposed to mass marketing from the time they were born, resulting in their changed spending habits as compared to past generations. Baby boomers have seen some of the most demanding times all over the world throughout their lifetimes, and currently the state of the union is not as good as it has been before. This gives even more incentive for baby boomers to have a place to go for an escape from the hassles that the government sometimes brings on them.

Panama is a very simple place to visit and simply enjoy a relaxing stay. The recent change of tourist visas from 90 days to 30 days has raised some concern in the minds of property owners in Panama. However, there are already talks of reinstating the 90 day tourist visa with possible extensions because without tourism, the economy of Panama would suffer greatly. The great thing about Panama is that if you want to live in a big city with restaurants and all kinds of services at your front door step, you can. On the other hand, if you want to settle on your own tropical island and not see a soul for days on end, you can do that too. The baby boomer generation are the most individualistic and opinionated generation yet, and no matter what their attitudes are about life in general, Panama offers every kind of lifestyle that one could ask for.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Wildlife in the Middle of the City

2007-07-12T16:29:00.000-07:00

Metropolitan Natural Park:

The Metropolitan Natural Park, situated just outside of downtown Panama City, Panama, is known as the “lung of the city” and serves as a wonderful retreat for those interested in an easy escape from the neighboring city.

The Metropolitan Natural Park is the only park in Tropical Latin America that has a natural forest located within a metropolitan capital. The Metropolitan Park shelters plants and animals threatened by extinction. Furthermore, the MNP serves as an ideal laboratory for tropical research, for which it is often used by local universities and the Smithsonian Institute.

The park has three main trails, all of which are well maintained and easy to find. The longer and most popular trail is named “Sendero Cienequita.” Another trail, beginning just across the street from the administrative office, is called “Sendero Momotides,” a much shorter trail which offers no vistas. This relatively flat, oval shaped trail can be completed in around one hour. The “Sendero Los Caobos” starts from behind the administrative office and is similar to “Sendero Memotides,” but it is longer in length and the terrain not as flat.

Summit Nature Park:

Located just twenty minutes outside of Panama City, Summit Nature Park in Panama is a center of recreation, education, conservation and investigation dedicated to enhancing the Panama tropical and cultural diversity. Summit Gardens provides visitors with an opportunity to view many interesting animal species found in Panama, as well as others native to the Central and South American region. It can be argued that as far as city zoos go, Summit Nature Park doesn’t approach world class. The most cursory comparisons with, say, the zoological parks of San Diego, Detroit or Washington DC, would show how very far the park is yet to progress.

Summit’s true grandeur becomes apparent when it is considered with regard to its flora. There is no arboretum anywhere with a better selection of palm trees. Summit’s standing in the world of botanical gardens would be enhanced by a greenhouse or two that would allow the cultivation and display of exotic species that can’t grow outdoors in the Panama’s climate, but from the plant perspective the park is world class and has been since long before it came into the city’s hands.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

So Much to Do, So Little Time – Guide to Visiting Panama

2007-07-11T10:57:00.000-07:00

So much to do, so little time! Scheduling a trip to Panama can be an adventure with so many choices of things to experience and when to go. There is so much to do in Panama that you would need an entire month of solid tourism to experience the abundance of beauty and culture Panama has to offer. Looking at the tiny isthmus on the map, you may think that there could not possibly be much worth exploring in Panama. Once you begin researching and making reservations in Panama, you will be amazed at the excitement and relaxation that can be found in the country.

For a retreat, you may visit one of the deserted islands in the San Blas Archipelago if you want to do absolutely nothing and worry about absolutely nothing for days. For a wildlife adventure, visit the Darien region and hike through untouched rainforest, where there is plenty to explore until you drop. If you prefer a more bustling scene, partying until the wee hours with the Panamanians or simply enjoying a beer and a good dinner by the water on the causeway, Panama has it. If you want to be one of the few that can say they went snorkeling in the Atlantic in the morning and took a dip in the Pacific before sunset, Panama is the place to do it.

In the small town of Boquete, you will find cooler temperatures that rarely reach above 22 degrees Celsius. The highest peak in Panama, the Volcano Baru, poses a challenge to any serious outdoorsman wanting to walk the same paths as the original settlers of the Americas.

Transportation is very affordable in Panama regardless of your preferred method of travel. There are buses that run from the city all over the country and all the way to the Costa Rica border every day, as well as daily flights all over the country and in some places up to four flights a day. If you don’t want to be on someone else’s schedule, then you may rent a car and drive where ever your heart desires. The infrastructure in Panama is very modern and easy to navigate. The main roads that take you from the east side to the west side of Panama are just like any four or six lane interstate in the US, and the speed limit will enable you to get to your destination much faster than in the states. Driving in Panama City can be a challenge sometimes, but all you need is a little patience and a good horn.

Of course we cannot neglect to mention one of the most significant attractions in Panama, the Panama Canal. Visiting Panama without seeing the Panama Canal is like going to China and not seeing the great wall. Watching the bulky vessels navigate through the locks is very impressive, and prompts us to wonder what these ships are carrying and how many of our own possessions have traveled through the canal on their journey to the store shelves and eventually into our homes. Whatever your heart desires, you will find it here in Panama; just make sure that you have plenty of time because you will not want to leave once you begin to discover what Panama has to offer.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama Real Estate

2007-07-11T10:50:00.000-07:00

You may wonder what is attracting such a strong interest in Panama real estate. The answer is everywhere you look in Panama: the natural beauty, thriving cities and hospitable people. One of the biggest markets in Panama right now is real estate, and it is not showing any signs of slowing down anytime soon. Panama is a prime location for people of all ages from around the world to come and enjoy, whether they want to buy a second home or to retire in this warm tropical paradise.

Panama’s real estate market right now is like an inflatable raft being filled with air, and once it is filled to capacity, it will float and work like it is supposed to and Panama will be a stronger country with the real estate market filled to capacity. However, if the air started to leak out of the raft and the real estate market did not do as well as planned, the raft would sink and Panama would go under with no interest in the area and no tourism to provide a strong economy.

Real estate in Panama is unlike any other place in the world because of the wide variety of landscape, climate and scenery. There is an abundance of natural resources in Panama that helps the country in so many ways unseen to the typical tourist and citizen. The rainforests are so thick that they have the appearance of a broccoli plant from the air. The entire country has strong vegetation everywhere you look, even in the city where there are trees occupied by birds chirping and sidewalks lined with shrubs and small trees. Panama is truly on top of its game right now, and until that air starts leaking out of the raft, the real estate market here is only going to get stronger.

Worries about buying property and moving to a foreign country do not exist in Panama because there are laws in place to encourage new settlement there. The people of Panama are congenial and welcome newcomers with open arms because they love their country and want to see it survive. There are an extraordinary number of real estate companies to choose from in Panama, and if you do your research you will find that only a handful really offer services that will help you during your buying process and relocating to Panama. If you are interested in buying property in Panama and you have been reading everything you can on the internet about Panama and what it has to offer, that is all you have been doing: reading about it. The only way to truly understand the beauty of the land and of the culture is to visit and experience it for yourself. Words describing Panama do not do it justice because the beauty is indescribable; Panama is like a dream in reality.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

A Fast visit to Panama

2007-07-09T17:13:00.000-07:00

Commonly known as “one if the world’s great crossroads,” Panama is a curious blend of sophistication, colonial history and remote islands.

A great place to start a Panama adventure is in Panama City, a diverse city with a population of about 1.4 million. One of the most vibrant and colourful cities, Panama City offers the excitement of non-stop nightlife and casinos along with the relaxing luxuries of fine restaurants, open air cafes and world class shopping.

No Panama visit is complete without a firsthand experience with Panama’s rich and still evident past. Take a visit to ruins of the old city, Panamá Viejo, which was sacked by pirate Henry Morgan in 1671 and is today the home of Panamá Viejo Museum, churches, cathedrals and fortifications from Panama’s colonial and buccaneer days.

Next, take a leisurely tour of “the shopping centre of the Americas,” where you will find such shopping venues as Via España, Albrook Mall, Multiplaza or Multicentro, and many others, offering excellent prices and collectively giving visitors a remarkable shopping experience.
For a change of pace, make a visit to the tiny island of San Blas, approximately a 30 minute flight from Panama City. The island is home to the Kuna Indians, native to Panama and owners of the “molas.” Enjoy Panama’s warm tropical climate in the beautiful islands of Bocas del Toro, perhaps the country’s most popular tourist destination, filled with countless excursions. Scuba diving, snorkeling, hiking, bird watching, and sun bathing are just a few of the many activities one can enjoy while visiting Bocas. Even quieter is the ecotourism paradise of Coiba Island south of the city of David. This island is mountainous and concealed in rainforest. Coiba is teeming with life.

Near Panama City lies Coronado Beach, bordered by the Pacific Ocean and boasting more than 5 km of white and black-grained sand beaches. Coronado offers all the facilities and comforts that international or local investors look for. With such a magnificent blend of affordable luxury and exquisite nature, it is no wonder Panama real estate is highly sought after for leisure, retirement and investing today.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama – The Ideal Retirement Destination

2007-07-09T17:11:00.000-07:00

When thinking about retirement and moving abroad, why not Panama?

Panama is currently considered by international organizations such as International Living one of the best countries in the world to live abroad(1). Because of its low cost of living, foreigner friendly, excellent health care, numerous financial incentives for retirees, modern infrastructures, affordable Panama real estate and housing, rich culture and recreation, Panama is a paradise for investors and nature lovers such as gardeners, bird watchers and animal lovers alike.

According to an ABC report(2), people who retire in the United States have a hard time surviving on their pensions because of high costs of medical care and living. In the report, a few people were interviewed and asked the question, “why Panama?” The majority said that medical attention and medication costs have been cut by half or less. For example, one night in a hospital room in Orlando, Florida costs about $900.00 USD, while in Panama the cost is only around $150.00 USD. One of the speakers said that he simply could not afford to live in the United States; his money would go faster than he could expect. The same speaker is now living in Panama for only a few dollars a day.

Panama’s dollarized economy makes it easy to move from the U.S. without worrying about constantly changing currency values or inflation. Its world class banking system has helped establish Panama as one of the most important financial centers in the region.
The geographical location also brings many benefits:

-Short flight times from major U.S. hubs like Miami (2.5 hours), Houston (3.5 hours), Atlanta (3.5 hours) and New York (5 hours). Direct flights from Los Angeles are also available.

-Never worry about hurricanes, tornados, major earthquakes, not even tropical storms.

-Sunny weather all year round, even in the rainy season.

Panama’s diverse climates include mountainous or template regions, tropical forests, deserts and beaches on the Caribbean and Pacific Oceans, which are a 45 minute drive apart.
Even though Panama has modernized its infrastructure in the last 3 to 4 years, one can still find rustic gateways in San Blas(3), where the Kunas (native Panamanians) have kept their centuries old traditions unchanged and preserved.

If you are looking to enjoy your retirement years as fully as possible in a brand new welcoming country full of new adventures with all of the benefits you deserve, Panama is the right choice. Come and see for yourself… it’s not that far after all, right?

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com
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(1) http://www.internationalliving.com/retire/paid/09-01-06-global-retirement.html
(2) http://www.youtube.com/watch?v=xgl9M8O_PEQ ,
(3) http://www.travelpod.com/travel-blog-city/Panama/San%20blas/tpod.html

Panama Canal Expansion

2007-07-01T11:22:00.000-07:00

The completion and opening of the Panama Canal in 1914 spurred unprecedented major advancements in world trade as well as a significant impact on Panama’s economy. The canal, funded by the United States and remaining under U.S. control for much of its history, was handed over to Panamanian control in December of 1999. In 2006, Panamanians voted with 78 percent approval to go through with a proposed massive canal expansion project that is expected to significantly increase the amount of cargo that can be transported through the canal, thus generating considerably more revenue for Panama from canal operations.

A major economic advantage of the massive canal expansion will be the ability to accommodate the much larger shipping vessels which have become widely utilized due to an upsurge in trade between the Americas and Asia. Ships meeting the size requirements to travel through the existing Panama Canal and locks are termed Panamax ships, and with expansion, the canal is expected to have the capacity to facilitate the transport of so called post-Panamax vessels, measuring up to 50 percent wider than Panamax ships. Currently, cargo from such vessels which do not meet size requirements is commonly unloaded on the United States west coast, and transported via railroad to its final destination. The Panama Canal expansion project is expected to alleviate this logistical deviation, allowing cargo to be transported directly to the eastern United States by water and facilitating more efficient delivery and lower prices for end consumers.

Construction plans for the canal expansion include the implementation of modern water pumps as well as reforestation along the canal aimed at maintaining adequate water levels in the locks without having to create new reservoirs. Such improvements are intended to manage erosion and help maintain sufficient levels of water, even during long periods of low rainfall.
Concerned with the displacement of thousands of people that took place during the original canal construction, many Panamanians are skeptical about the underlying consequences of the expansion despite extensive preliminary research and environmental precautions.

The expansion, expected to cost more than five billon U.S. dollars and be completed in 2014, will add an additional lane along the canal as well as two additional three chambered locks at each end of the canal. Funding will be acquired through a series of toll increases for canal customers, and current traffic is expected to be unaffected during the construction period. The year 2014 marks the canal’s 100th year of operation.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

The Ngöbe-Buglé Indians

2007-06-22T16:34:00.000-07:00

Panama has historically been home to numerous indigenous tribes, though today only eight main groups that are native to the area remain, working to uphold their primitive cultures and lifestyles. The Ngöbe-Buglé Indians make up the largest indigenous tribe of Panama, consisting of over one hundred thousand people. The Ngöbe and the Buglé are individual tribes, having similar customs and inhabiting the same area but speaking their own languages. Formerly Guaymi, the Ngöbe-Buglé people reside in the “Comarca,” an independent region that is home to several native tribes and consists of parts of Chiriqui Province, the Bocas del Toro Province and the Veraguas Province.

Both the Ngöbe and Buglé people managed to retain their native land and maintain their cultural lifestyles into the early 1900s. But soon confrontations with the Spanish and increasing colonization forced them to retreat deeper and deeper into the mountains in order to uphold their culture rich, autonomous lifestyles and customs. The homes of the Ngöbe-Buglé people today are modest huts with dirt floors that are typically located in areas with nearby rivers or in valleys. The Ngöbe-Buglé natives subsist by hunting, fishing, and raising cattle, pigs and chickens as well as growing bananas, oranges, mangos, rice, and beans. The economy of the community relies in part on coffee bean farming and selling native crafts such as the chaquira to tourists. The community also has a select few establishments which provide work opportunities to some natives, such as a hospital, schools, stores or governmental entities.

The women dress in long, vibrantly colored hand made dresses adorned with intricate patterns. Such unique dresses can take a woman several weeks to sew by hand. For ceremonies, men wear geometrically patterned face paint and dress in the feathers of exotic birds. The chaquira, which is an ornate, colorful beaded necklace, is rooted deep in the tribe’s cultural history and is still associated with the tribe’s identity. Today, the Ngöbe-Buglé people make and sell the chaquira to tourists to help maintain their land and uphold their culture.

The indigenous tribes of Panama have faced a constant struggle against the financial driven motives of ranchers, miners, and loggers seeking to capitalize on the natural resources of the tribes’ native land. Years of protests finally led to the government’s recognition of the Comarca, established as an autonomous region as of March of 1997. Despite this valiant victory, the homes and cultural lifestyles of all of the indigenous tribes remain threatened by deforestation, mining and colonization.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

The Panama Canal - Atlantic to Pacific Oceans

2007-06-21T13:44:00.000-07:00

The Panama Canal, completed in 1914 by the United States and handed over to Panama in December of 1999, facilitates unprecedented marine travel between the Atlantic Ocean and the Pacific Ocean across the Isthmus of Panama. Prior to the opening of the canal, travel from the Atlantic to the Pacific required going around the southern tip of South America, a feat in itself adding days and thousands of miles to the voyage. Today, ships can cross the channel in less than a day with approximately forty miles of travel.

A journey through the canal from the Atlantic to the Pacific Ocean entails travel from the northwest in a southeastern direction across the isthmus. The canal utilizes three sets of locks on each end, which raise and lower ships to the appropriate levels for passage. Ships seeking to reach the Pacific side from the Atlantic drop anchor and await their passage in Limón Bay. A specially trained pilot working for the canal then navigates the vessel about seven miles to the first set of locks, located at Gatún Lake. There, other workers attach mooring cables made of steel to the ship, which are connected to powerful locomotives and help steer the ship and hold it steady as the locks fill with over fifty million gallons of water. As the water rises to 85 feet above sea level, the ship becomes level with the waters of Gatún Lake. Here, mooring lines are detached and the ship continues for another 23 miles.

The next set of locks, called Pedro Miguel locks, will lower the ship to sea level in stages. At this stage, mooring cables are once again attached to the ship to guide and hold it stable as the water level is lowered about 31 feet to the level of Miraflores Lake. The ship then proceeds to cross Miraflores Lake, a journey of just over a mile before entering the last set of locks that will lower it to the sea level at the Pacific Ocean. The canal employed pilot departs at Balboa Harbor, at which point the ship continues to the Bay of Panama, a part of the Pacific Ocean where ships await their turn to cross the canal in the other direction to the Atlantic Ocean.
In all, the journey through the Panama Canal takes approximately eight to ten hours, not counting the time spent waiting for passage.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Construction of the Panama Railroad

2007-06-19T09:16:00.000-07:00

Hundreds of years before completion of the Panama Canal made water travel between the Atlantic and Pacific Oceans possible across the Isthmus of Panama, people dreamed of a means of traversing the isthmus to avoid the thousands of miles of otherwise unavoidable travel around South America. Both England and France, enticed by the prospect of constructing a canal or railroad crossing the isthmus, had to abandon ambitious plans due to the magnitude of obstacles associated with such an undertaking. When the United States gained possession of Oregon and California, the need for a route from the East coast to the West coast became increasingly apparent. Perpetuating the necessity of such a travel route were the demands of the United States Post Office and the swarm of so called “Forty-niners” traveling from all over in search of their share of the gold recently discovered in California.

Reassured by the claim by a group of engineers that the construction of a railroad across the isthmus was feasible, a group of visionaries led by William H. Aspinwall incorporated the Panama Railroad Company. The company formally entered a contract in 1850 with what was then called the Government of New Granada for the privilege of constructing a railroad across the Isthmus of Panama.

Facing dense jungle terrain, swarms of insects, muddy swamps and rivers along with the probably contraction of merciless disease, workers began construction in May 1850 with the optimistic expectation of a six month completion time. As illness and death tolls skyrocketed, laborers were shipped in from all over the world, many destined to meet their demise in the unforgiving jungle.

Less than two years into the project, finances were drained as a mere seven miles of track were complete. Work stopped and the project seemed to be a failure. But the well-timed arrival of two ships that were forced ashore by a hurricane while carrying thousands of gold seeking Forty-niners changed everything. Lured by the prospect of riches at the end of their journey, the Forty-niners did not care that the railroad only stretched seven miles across the fifty mile wide isthmus; they would take seven miles if they could get it. The high fares charged by the trainmen brought in enough money for work to resume. Despite the seemingly insurmountable challenges, the railroad was completed in five years, with the first train traveling from ocean to ocean on January 28, 1855.

The successful construction of the Panama Railroad gave Panama the long term upper hand as the site for construction of the much anticipated canal, with the eventual construction of the Panama Canal situated parallel to the railroad. The present day railroad is the result of a complete relocation and reconstruction of the railroad, which was completed in 1912.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

The Isthmus of Panama

2007-06-19T09:15:00.000-07:00

Today Panama’s modern city lifestyle, vivacious rain forests as well as booming Panama real estate market and thriving economy make it difficult to imagine that the entire area was once a serene ocean bottom. About twenty million years ago, the continents of North America and South America were separated by ocean at a time when the Atlantic and Pacific Oceans naturally converged. Formation of the Isthmus of Panama, the narrow strip of land now connecting the continents of North and South America, changed the face of the Americas and significantly impacted both the flow and ecosystems of the oceans and forever changed wildlife on the continents which it joined.

While geologists are not in full agreement about what specific events led to the creation of the Isthmus of Panama, a widespread theory involves a convergence of the Pacific Plate and the Caribbean Plate beneath the surface of the earth wherein the Pacific Plate gradually shifted underneath the Caribbean Plate. Excessive heat and pressure from this collision are believed to have resulted in the formation of many volcanoes over a time period of millions of years, with some reaching such great elevations that they protruded above sea level and became islands. Over time, the converging tectonic plates are also believed to have forced other parts of the ocean floor above sea level. Sediment carried by ocean currents then deposited itself around the new islands that dotted the area between North America and South America for millions of years, eventually forming a solid land mass and separating the Atlantic and Pacific Oceans. The Isthmus of Panama had been formed by approximately three to four million years ago.

The “land bridge” that eventually came to be known as the Isthmus of Panama initiated major biological changes with effects far beyond this relatively small stretch of land. The waters of the Atlantic and Pacific Oceans which had once intermingled developed dissimilar marine ecosystems and water temperature characteristics. Current patterns also changed dramatically, with Atlantic currents shifting to the northeast and creating the Gulf Stream. Some species died along with the major changes to their habitats, while new species emerged. Marine life such as mussels and clams seems to have flourished most abundantly in the cold and nutrient rich waters of the Pacific, whilst organisms such as algae and coral thrived in the warmer Caribbean waters. Plants and animals began to traverse the isthmus both from North America to South America and vice versa. Ancestors of common North American animals such as armadillos and opossums crossed the isthmus from South America, and the ancestors of cats, canines, horses, and raccoons journeyed from North to South America via the land bridge.

Today, the Panama Canal once again links the waters of the Atlantic and the Pacific Oceans, albeit a considerably engineered and restricted water passage as compared to the naturally connected oceans of millions of years ago.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama Canal Timeline

2007-06-19T09:14:00.000-07:00

The Panama Canal is world famous for the unprecedented water travel it enables between the Atlantic and Pacific oceans as well as the magnitude of engineering innovation that facilitated its construction. The history of the Panama Canal dates back hundreds of years before construction ever began, with several failed attempts causing setbacks. Before the first ship sailed from the Atlantic to the Pacific via the canal in 1914, the voyage to the other side required circumventing South America, a feat in itself adding thousands of miles and many days to ship voyages.
Some of the major developments leading to the present day Panama Canal, a vital catalyst for world trade, are outlined as follows:

-1534: Charles I of Spain leads the first survey of the area to evaluate the potential construction of a canal connecting the two oceans, with surveyors reporting that the project is unfeasible. Spain eventually discards interest in constructing the canal.

-1869: United States President Ulysses S. Grant commands surveys in Mexico and Panama, which at the time was a Colombian province.

-1880: After numerous failed attempts by others, the French Canal Company begins construction on the canal in hopes of creating a waterway between the Atlantic and Pacific oceans. Challenges such as a difficult terrain, laborers contraction of deadly tropical diseases, a faulty design and a shortage of labor quickly arise. Within a couple of years, workers are dying almost every day.

-1889: French work on the canal halts as the French Canal Company disbands.

-1903: The United States, led by President Theodore Roosevelt, supports Panama in its revolt to gain independence from Colombia. Only fifteen days after Panama wins its independence, a treaty is signed between Panama and the United States outlining specifics of the canal plan and giving the United States control over the ten mile wide canal zone.

-1904: Construction begins on the Panama Canal, employing thousands of laborers and costing around $350 million.

-1914: The first ship travels through the waterway after ten years of construction.

-1977: U.S. President Jimmy Carter signs treaty agreeing to hand over control of the canal to the Panamanians, with both sides vowing that the canal will remain neutral, safe and available to all ships.

-1999: The United States formally relinquishes complete control of the canal and its operations to Panama on December 31st.

Today, the Panama Canal is a crucial element of worldwide commerce. An expansion of the canal approved by Panamanians in 2006 is expected to begin in 2008 and cost in the neighborhood of $5.2 billion.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama Destinations

2007-06-19T09:12:00.001-07:00

Panama’s blend of rich heritage, urban convenience and unspoiled nature make it a sought after destination for travelers looking for a luxurious getaway and rugged adventure seekers alike. A far from comprehensive list, here we examine just a few of the intriguing destinations you can experience first hand during your stay in Panama.

-The Panama Canal: Of course! No trip to Panama is complete without experiencing the legendary engineering marvel that is the Panama Canal. Connecting the Atlantic to the Pacific Ocean, the Panama Canal is widely considered to be one of the finest engineering achievements yet. An astounding accomplishment even by today’s standards, construction of the Panama Canal commanded the labor of thousands of men and took ten years to complete. The United States, which funded construction of the canal, maintained control of the canal and the surrounding area until it formally relinquished its power to Panama in 1999.

-Abundant Beaches: The only wonder here is which beach to visit first! Panama’s location and culture gives visitors diverse beach possibilities. Whether you are looking for a serene escape in a luxury resort, a cultural experience in a primitive Indian reservation or to reflect and reunite with nature on an exotic island, Panama has a beach that fits every style.

-Panama Canal Rainforest: If you are truly seeking a connection with nature, the 50,000 acre Panama Canal rainforests are only a half hour excursion from Panama City. Boasting hundreds of species of birds, plants, mammals and amphibians, many species that call the rainforests home are native to the area and not found anywhere else.

-Outdoor Adventures: Panama has no shortage of outdoor endeavors to satisfy even the most ambitious outdoor enthusiasts, such as kayaking, white water rafting, snorkeling, fishing, scuba diving, bird watching, the possibilities go on.

-First Hand Ethnic Experiences: Panama is home to six vibrant Indian tribes, which have preserved their primitive cultural lifestyles throughout hundreds of years. Many reside in locations which are accessible, and are open to sharing their culture with guests.

-Living History: Historic ruins still prevalent throughout Panama serve as a vivid reminder of Panama’s not so distant past. Panama La Vieja, once perhaps the most affluent city in the Americas, will give you a glimpse of the first city ever established by Europeans on the American Pacific Coast.

The union of exceptional natural beauty, ever evident cultural history, endless activities and a stable economy reaffirm why Panama real estate, travel and tourism continue to flourish today.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

What Makes Panama Real Estate Attractive?

2007-06-19T09:10:00.000-07:00

Aside from the gorgeous beaches, great year round weather and unique ecosystem, what makes Panama an attractive destination for retirement or to purchase a vacation home? Here you will find just a few of the features that contribute to the prosperity of Panama real estate have led many travel publications to select Panama as the premiere retirement and second home destination in the world.

▪Bustling Economy: Panama’s economy has historically maintained stability, and is currently experiencing a healthy rate of growth. In fact, Panama has one of Latin America’s fastest growing economies. Panama’s prosperity stems in part from the renowned Panama Canal, the prevalent banking industry, construction, fruit exports and tourism. Moreover, Panama’s 2006 approval of an expansion plan for the Panama Canal is expected to bring tens of thousands of new jobs to Panama. It is no coincidence that foreigners are becoming more interested in the plethora of investment opportunities Panama presents.

▪Incentives for Foreign Investors: Government incentives such as new construction property tax breaks have been enacted to prompt foreign investors to invest and live in Panama. The Panamanian government also guarantees foreign investors rights equal to those of local investors and does not require any special permits or registration. Additional incentives are offered in important sectors such as construction, reforestation, mining, insurance and tourism.

▪Modern Amenities: Panama’s modern infrastructure grants the convenient lifestyle to which many people from North America are accustomed. Visitors and residents alike value the diverse choices Panama has to offer, having the opportunity to escape to a pristine beach but not having to sacrifice modern conveniences such as a contemporary road system, high speed internet access and cable television.

▪Leisure Activities: Panama’s first class golf courses are only the beginning. Excellent fishing, sailing, rafting and diving opportunities abound to help Panama residents and visitors to get the most out of the year round tropical weather.

▪Attractive Cost of Living: While Panama grants a high standard of living with its modern shopping malls, casinos, international restaurants and purified tap water, the cost of living is lower than what one would find in a comparable area of North America or Europe. For instance, a taxi ride to anywhere within the city limits would be around two dollars, and going to see a movie in a theater would cost about four dollars.

With affordable real estate, friendly natives and security surpassing that of all of South and Central America, it only takes one visit to experience what makes Panama a premiere destination for travel and real estate investing.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com

Panama Travel – Tips for Arriving Prepared

2007-06-19T09:08:00.000-07:00

Seasoned travelers praise Panama, the vibrant country in Central America wavering on the line connecting its ingrained cultural past to its modernized standard of living, for being a unique and desirable yet not overcrowded travel destination. Panama’s rich history is evident throughout the landscape, from Spanish forts along the coastline of each ocean to the colonial homes and brick roads of Casco Viejo. Visitors marvel at ancient reminders of Panama’s past while enjoying the convenience of a modern communication infrastructure, clean drinking water, good roads and convenient transportation options. Following are just a few tips to help you prepare for your arrival in Panama:

- Plan Ahead. The best time of year to visit Panama depends on what you want to do during your visit. If you plan to take advantage of the multitude of outdoor activities such as hiking, snorkeling, sailing or sight seeing tours, take into consideration that the dry season is from mid-December to mid-April (but bear in mind that you will pay a premium for airfare and accommodations during this season). If partying is your thing and you are looking for more bustle, you may want to visit during The Carnival of the City of Las Tablas, an elaborate festival starting on the Friday before Ash Wednesday and lasting through Ash Wednesday each year.

- Bring the required documents. United States and Canadian citizens are required to show a valid passport and tourist card to visit Panama. A tourist card will likely be added for a $5 fee when you purchase airfare, and will allow you to spend up to 90 days in Panama. If you do not have a current passport, be sure to obtain one as early as possible to pay the lowest rate and to allow time (usually a few weeks) for processing.

- Get the recommended vaccinations. At least several weeks before your departure, visit a health professional to obtain all of the recommended vaccines for visiting Panama. You may need to be vaccinated against yellow fever, hepatitis A, and typhoid among others.

- Enjoy nature but protect yourself from it. Due to Panama’s proximity to the equator, sunburn caused by exposure to the sun’s intense ultraviolet rays can put a damper on your vacation and harm your health. Always apply a UVA/UVB protection sunscreen before and during outdoor activities. Additionally, wear proper clothing and repellant to protect yourself from ticks, mosquitoes and other insects that accompany the thrill of outdoor adventures.

- Use transportation wisely. Taxis are plentiful in Panama and provide a convenient means of transportation to visitors. Fares are low, hovering around the $4 range to get anywhere within Panama City. Be aware that a taxi waiting outside your hotel will cost significantly more than one hailed from the street. Taxis are not metered, so be sure to negotiate your fare with the driver from the start.

The reassurance of being properly prepared for your trip to Panama will allow you to spend less time worrying and more time enjoying your stay in this cultural, tropical paradise.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com