Panama is a lot more than its canal, and more real estate investors
Discover Panama City's Real Estate
The largest city of Panama that bears the same name - Panama City, is also its capital. Located at the Pacific entrance of the Panama Canal, it’s the administrative and political center of the country. Not only that, but it is also a hub for commerce and banking, as well as profitable real estate investing.
Culture, History, and Business
The city was founded on 15 August 1519 by Pedro Arias Dávila. It was the starting point for expeditions that conquered Peru’s Inca Empire. It was also a stopover point on the most important trade routes in the American continent.
In the year 1671, the original city was destroyed by a fire. It was reestablished two years later in 1673, 8kms away from the original settlement. The previously damaged city is still in ruins and is a popular tourist attraction, regularly visited by school trips.
Panama City offers all sorts of comfort and glamour of a modern city. Not only that, but the city has also done a great job of preserving the historical areas and attractions. Most of the city’s top tourist attractions are located in the UNESCO World Heritage designated old town – Casco Viejo.
Real Estate Appeal
The real estate market in Panama City is very competitive and versatile. There are some investors who want to buy at $1,500/square meter, and the good news is that there are many buildings available in Panama with apartments for that price. Apartments are the most common type of property here, so you can find it with any size and shape in multiple locations.
Panama City has steadily set itself as one of the most interesting cities for real estate investors. There is a variety of properties in both type and price, so anyone can find a property and apply their investment strategy in Panama City.
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