Panama positive about property investment prospects

Panama City, Panama Photo: Matthew Straubmuller

Panama is positive about the prospect of future investment in its property market.

“In recent years we have grown significantly in the global real estate sector,” said Eric Van Hoorde, President of ACOBIR.

Van Hoorde was speaking at the 67th FIABCI World Congress, which took place in Panama last month. Approximately 500 real estate industry leaders from 65 countries descended upon Panama City for the congress, the first to be hosted by a Latin American country.

“The FIABCI World Congress in Panama will offer our participants a unique perspective focused on ‘Connecting Development for a Better World.’ Panama’s expanding and dynamic real estate market and strong economic potential makes this a perfect venue for this year’s event,” explained Danielle Grossenbacher, FIABCI World President.

The conference theme was Connecting Development for a Better World, with speakers and networking sessions joining up with recreation and study tours to highlight what Panama has to offer overseas investors. Special guests included the President of the Republic of Panama, Juan Carlos Varela, and Panama’s Ministry of Housing Mario Etchelecu.

ACOBIR organised the event, with Van Hoorde adding that it was an “excellent opportunity” for the nation.

“Thousands of people consider Panama as the ideal place to live and do business, due to its important first class infrastructure and its relevant tourist attractions that give the city a cosmopolitan destination connotation,” he commented.

His upbeat outlook for the future was echoed by Ivan Carlucci, President of FIABCI-Panama, who added that the event would create new business relationships with representatives of the real estate industry around the world.

The comments arrive ahead of the opening of the new Panama Canal expansion, a major infrastructure project that is expected to boost Panama’s appeal and investment potential.

“Our goal is to encourage multi-national real estate companies to become established here, especially with vast opportunities generated by the opening of the canal expansion next month,” said Carlucci.