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Tuesday, October 16 2018 @ 12:36 AM UTC

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Are there "Realtors" in Panama???

Real Estate Clyde Jenkins wrote: "My main problem with them is their use of the term "realtor" which absolutely does not exist in Panama.  To me their use of the term is highly misleading at best and downright dishonest at worst." This has come up a couple of times in the past.  The term "Realtor" is a registered trademark which belongs to the National Association of Realtors (NAR) in the United States.  So, what about all of the people down here in Panama who are calling themselves "realtors?"  I looked into it... 
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Panama Real Estate Yahoo! Group Hits 1,000 Members

Real Estate The Panama Real Estate Yahoo! Group (which I manage) hit 1,000 members today. The primary purpose of Panama Real Estate (PRE) is to provide a forum through which propery owners can advertise and market their holdings, and those interested in purchasing property in Panama can use this group to investigate potential properties and make initial contact with sellers. Everyone is welcome. To join, simply send an email to: Panama_Real_Estate-subscribe@yahoogroups.com
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House for Sale on Fort Clayton

Real EstateUpdate: Photos Now Available at: Panama Realtor. For Sale: Completely remodeled duplex on Fort Clayton, house #405A. The property is a completely rebuilt "tropical style" duplex on the Fort Clayton former military complex. This huge three-level house has more than 500 square meters of enclosed space, and another 150 meters of improved areas such as a covered and connected carport, patio and terrace, balconies, basketball court, and storage areas. The land measures 724 square meters, and the house has big fenced backyard. The property, located in the former Canal Zone, is close to shopping, schools, services, health care, Panama City, the Panama Canal, the Summit Golf Course and other recreational facilities. I own it, and want to sell it fast. Read on...
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How Does $20 Million a Hectare Sound?

Real Estate If you drive down Ave. Balboa you'll see a Panamanian landmark. The restaurant called "La Casa del Marisco" (the House of Seafood) has been on the market for more than a year, placed for sale by the owners, the Acha family. They have been serving customers at the restaurant for generations, and they recently sold the land, which measures 2,500 square meters, for $5 million dollars. If you do the math, that's $20 million a hectare. No word on who the buyer is, but you can bet that one of Panama's construction companies is going to erect another high-rise on the site. Property along Balboa Ave is as hot as it gets right now. Think Boardwalk and Park Place...
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The Risks of Urban Growth - Can PC Take It?

Real Estate By the year 2030 there will be 2.5 million inhabitants in Panama City. And, there are more than 155 buildings either under construction or on the planning board (see: http://www.panama-guide.com/article.php/20060104191907477) So, with all of this growth and construction, can the infrastructure of Panama City support this number of residents? The potable water supply and the demand on the electricity defy the urban planning - IDAAN already services more than 700,000 residents in Panama and San Miguelito, and growth and expansion will put more of a strain on the water system and electrical grid as well as streets and traffic.
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Are we contributing to high prices of real-estate in Panama?

Real Estate These questions were recently asked on the Yahoo! email groups: "Open for your thoughts. Are we expatriates contributing to high prices of real-estate in Panama? What if we stop buying at those high prices? Will the lower or mddle class of expatriates be able to come to " paradise"? What will be the attitudes of the lower and middle class of panamenian when they realized they cannot enjoy their country because of high prices, not due to inflation ,but to our invasion and our buying at high and inflated prices, making the expatriates and locals corporations rich. Is it not a myth now that expatriates can live in Panama on an income of less than 2000$ a month? What are your thoughts? Please be cordial in your opinions."
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Ocean Park - Luxury Apartments in Punta Pacifica

Real Estate Ocean Park is a private and secure luxury residential complex located in Punta Pacifica, one of the most desired neighborhoods in Panama City. Ocean Park offers incredible panoramic views of Panama City and the Bay of Panama with an endearing ambiance and lifestyle for your entire family. The Ocean Park lifestyle allows you to enjoy the advantages of living in a building in the heart of the city within walking distance to shopping, hospitals, and entertainment, in a luxury complex with all of the advantages found in a newly constructed and modern facility. Ocean Park has more than 6,000 square meters (64,583 square feet) of common and social areas, two parks for children, controlled security access, and high-end luxury finishing. Come check out our model apartment to better appreciate the amazing value Ocean Park offers.
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155 High-Rises of 15 Stories or More Being Constructed

Real EstateThere's no doubt about it -- There's an absolute construction boom going on in Panama City. There are a total of 155 buildings currently either under construction or in the planning phase, each with at least 15 stories or more. The list below details all of the buildings, ranked from the tallest buildings down. The building with the most stories will be the Ice Tower at 102 in Costa del Este, but the Palacio de la Bahia supposedly will be the tallest building in Latin America. A late addition is the Torre Americana from Bern at 123 stories and 1,495 feet.
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There are 99 Cases Open For Illegal Beach Construction

Real Estate The Ministry of Economy and Finance has 99 cases open against people who have illegally constructed on beaches that are next to their properties. Most of these cases are in Coronado and Santa Clara, according to Benjamín Colamarco. It's illegal to build within 22 meters of the beach, calculated from the high tide line. These lands cannot be sold unless there is a special concession, or in the case of long-time historical occupants, such as in Portobelo, Colon.
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Robb Report Vacation Homes Magazine Article on Panama!

Real EstateIn the Winter 2006, "Robb Report Vacation Homes" Magazine, there is a several page article on investing in Panama titled, "Middle Ground: Panama may be Central America's Hottest New Real Estate Market." (Page 40) The front page cover also states, "Get Ahead of The Game. Invest in Panama."
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