As the majority of the investors buying in Panama are not residents of the country, the Panamanian banks are easing restrictions on lending to foreigners. As of today non - residents qualify for up to 70% financing of the purchase price for no longer than a 25 year term.
With its moderate climate, rich soil, diverse range of animal and plant species and growing expat community, the town of El Valle is one of Panama's best kept real estate secrets. Located just 45 minutes from from Panama's best beaches, El Valle offers residents a diverse range of cultural and outdoor activities in a peaceful, spring-like mountain setting. See the following article from International Living for more on this.
The Panama corregimiento (district) San Francisco was founded on August 9, 1926 thanks to President Belisario Porras, who purchased 12 acres of land, divided it into 74 lots and distributed among the villagers.
The origin of the corregimiento Bella Vista, Panama name is still doubtful - many people believing that its name comes from a housing construction company called Bella Vista, who was owned by U.S citizen Mr. Hebart Hoover. Other versions believe that the name was given due to the panoramic landscape seen from the hills where now sits the Universidad de Panama.
The original Panama was "Panama La Vieja". It was the first official city to be found by Europeans. It served as a getaway for the Spanish conquest of Latin America. Pirate Henry Morgan destroyed Panama La Vieja in 1671. The stone walls and remnants go all the way back to 1519; and they are still standing.
Ever since the arrival of the Spanish colonies to Panama in 1501 and the discovery of the Pacific Ocean in 1513, the search for how to move ships from one ocean to another began. Once the Panama Canal was completed, Panama gets nicknamed "Crossroads of the World".
Marbella, Panama is an exclusive area of Panama City close to the banking district. A safe area close to many shops and restaurants. If your interest lies in business, Marbella is an excellent location for a short term rental or long term rental apartment.
Punta Paitilla, Panama or commonly known as Paitilla started development during the decade of the 1960â€™s and ever since, Punta Paitilla has been steadily growing to satisfy the demanding taste for luxury of foreign citizens from Panama and all over the world.
The triumph of Trump, the Ocean Club International Hotel & Tower Panama prepares to open, and nothing but good news surrounds its opening. This will be the sixth of the Trump Hotel Collection and it will open on July 6.