Los Faros castles in the sky heads for bankruptcy.
If you didn’t rush to invest in the lavishly promoted Los Faros project in Panama, count yourself among the lucky (or smart ones) as the compnay prepares for bankruptcy.
View ArticlePANAMA REAL ESTATE with the lid off (1)
A refreshing no-holds-barred look at the Panama Real Estate market that should be read by everyone planning to buy, sell or rent, in the current market has just become available.
View ArticlePANAMA REAL ESTATE 3: How 2012 could unfold
By Kent Davis* 2012 WILL BRING new challenges and opportunities to Panama. As Panama City moves forward on a massive adjustment of its urban transportation system, traffic in an already congested city...
View ArticleHigh end Punta Pacifica gets low end water service
An interagency committee set up to solve the ongoing water supply problem in Punta Pacifica, has not met for at least six weeks.
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Work on Punta Pacifica luxury project suspended
Panama’s Mayor, Roxana Mendez, has suspended work on the Torre 400 project in Punta Pacifica, in order to investigate irregularities.
View ArticleREAL ESTATE: Big drop in Panama prices not in the cards
By Kent Davis There are strong indications that a major correction in residential real estate prices in Panama will not arrive anytime soon.
View ArticleUS realtors flock to Panama for greener fields
A local cynic who believes he was burned by a Panama real estate developer, said that if a realtor had been standing on the deck of the Titanic as it sank, he would have been selling prime sea floor...
View ArticleREAL ESTATE: Explosive growth predicted for 2013
WHILE MUCH of the world faces 2013 with something close to trepidation, Panama, is optimistic, building its hopes on the continuation of the high growth rate in 2012, and hoping to avoid fall out...
View ArticleLuxury apartment construction dominates Panama market
At the end of 2012, luxury Class A apartments accounted for 78 percent of the units under construction in Panama according to a recent residential market study.
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