Panama’s vast infrastructure projects boosting real estate prices
There was strong demand from US, Canada, Venezuela and Colombia, and the improving economy of some European countries like Spain and UK also helped. So too did a lower supply of new apartments.
The election of rightist businessman Juan Carlos Varela as president in May promises continuity, and a reduction of tensions with Venezuela.
There has been a noticeable rise in the last six months in property values in waterfront districts like Balboa Avenue, Punta Pacifica and Costa del Este.