Boquete Real Estate

Political Stability in Panama Pays Dividends for Real Estate Markets

Panama’s political stability is among the best in the Latin American world. The Democratic principles of this Central American country are strong and are deeply rooted in local culture.Take a seat in any cantina or restaurant and you will hear energetic political conversations expressed in the loud voices of good natured Panamanian conversation.

Political and fiscal stability go hand in hand. This is well understood by the government, business, and the citizenry of Panama. This cooperative attitude has produced one of the fastest growing economies in the world, as well as a stable and growth oriented real estate market.

Despite the effects of global economic change, Panama’s skyline remains dotted with construction cranes busily building the Panama of tomorrow.New hotels continue to open, riding a wave of expanding tourism dating back nearly twenty years.

The World Travel and Tourism Council recently predicted that revenues from Panamanian tourism will double before the year 2018. Projections from this prestigious group outline the need for an additional 8,000 hotel rooms nationally by that date.

Panama continues to attract an upwardly mobile base of new residents from many different nations. These new immigrants are adding to the diverse strengths this nation already enjoys.

With demand for both vacation and permanent housing remaining strong, Panama continues to be Central America’s best real estate investment.

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