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Panama's 'Peerless' property prices

5/8/2008

Property prices in Panama have been growing exponentially over the last 2 years…

According to a detailed study into the Panama property market, conducted by International Research department David Stanley Redfern Ltd, property prices in Panama City have been growing at an average 25% per year for the last two years.

The average per square meter price now in Panama City has gone up by 50% in just under 2 years, and the economy is currently seeing major growth in tourism and real-estate sectors, with GDP growth reaching 9.4% in the first three months of 2007.

Furthermore, the recently signed Trade Promotion Act (TPA ) will increase the economy's stability and make it a safe country to invest in.

Increased stability in a time of such massive growth is the best thing an economy can hope for, and even better for Panama when viewed in the context of the canal expansion to be completed in 2014, which is likely to see GDP growth in Panama increase by 25% -- maybe more.