Veraguas Panama Real Estate

Judge for yourself: Take a virtual tour of Big World Villas

Big World Villas is a planned luxury ocean front development located in Santa Catalina, Veraguas, Republic of Panama. Located on the Pacific Coast of Panama, close to Coiba island, this area is regarded as having some of the best diving, surfing and fishing in the world. It is the first such development in the area and offers investors a laid back lifestyle surrounded by a pristine coastline and endless opportunities for outdoor adventure. Read the rest of this entry »

The province of Veraguas is located to Central-West of the Republic of Panama. It has 11,239,3 km2 and is divided in eleven districts (Watchtower, Calobre, Cañazas, La Tabla, Las Palmas, Montijo, Río de Jesus, San Francisco, Santa Fé, Santiago, Soná). Its capital Santiago, founded in 1636, is one of the cities of great economic growth in the country.

It is said that its name comes from the indigenous word Veracua or Viragua and this is the only province in Panama that has coasts in both seas. In Veraguas you can find a great variety of flora and fauna, as well as traditions, customs and legends. Read the rest of this entry »

With worries of Panama’s city condo market overheating, investors are looking to lesser-known destinations throughout the country where more affordable property prices exist. While an argument can be made for some of established Panama real estate hot spots, the following is my personal list of the most current “in” and “out” investment areas.

OUT:

Panama City – Prices may not yet have peaked, but the glut of condos about to come on to the market has this writer wary that the upside may be shrinking…and fast. Many claim that new buyers arriving daily from places as diverse as China, Venezuela and Spain can keep this afloat, but I think there are safer bets out there. There is a silver lining: in the near-term, those who expect their pre-construction condos delivered soon will find the market for short and long-term rentals to be very appealing. Read the rest of this entry »

Most likely, you have heard of the recent real estate BOOM currently occurring in Panama. Perhaps, there are several internet sites you have read or visited searching for further information on the topic. Or maybe you are one of those persons that have taken the decision already of buying an apartment or a beach house, but you don’t know where to start or wish to start your own real estate project in Panama, yet still need more information. Well, I have prepared this article in a practical and simple way in order to guide you in our real estate market. You will find this paper helpful, whether it’ll be for the direct buying of a property or to start your own real estate project in Panama or simply to have a more complete notion of this rising real estate BOOM.

What is happening in the Panamanian Real Estate market?

What is going on in Panama is without any sort of precedent. The market is growing rapidly and such real estate development has never been experienced before in our country. Monthly, we are visited for hundreds of foreigners interested in buying real estates in Panama, in the City, the coasts and the mountains. The constant rising of the value per square meter is almost in a monthly rate. For example: in January, 2006 it was possible to find apartments in Panama City for around US$ 1,000.00 per square meter, which is nearly impossible nowadays (US$ 1,200 – US$1,400 and rising). This has generated the value per square meter to triplicate in the city and even to quadruplicate in the rest of the country. The main real estate broker associations have foreseen that the general value of the land in Panama could rise up to 30% to 40% in the next three years, due to this price increasing flow.

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Veraguas is located in the central provinces area of the Republic of Panama, it has the Caribbean Sea to the north and the Pacific Ocean to the South. To the east it has Colon, Cocle, Herrera and Los Santos and to the west it has Chiriqui and Bocas del Toro. It is made up of 11 districts: Atalaya, Calobre, Cañazas, La Mesa, Las Palmas, Montijo, Río de Jesús, San Francisco, Santa Fe, Santiago and Soná. Its name comes from the term “Veracua”, which is how the indigenous people called this territory. It is also the only province in the republic that touches both oceans, and it has a great diversity of flora and fauna in its jungles and mountains. Read the rest of this entry »