The current developments and new contracts between Panama and China are an absolutely positive “Game Changer” for our island project “Isla Boca Brava”, which will increase the demand for our property immensely. During his trip to China last week, the President of Panama Juan Varela and the Chinese Head of State Xi Jinping signed a total of 19 agreements involving economic, political and tourist cooperation. Panama is supposed to be the gateway for China’s activities on the American continent and a free trade agreement between the two countries is also being negotiated. This is a milestone in the economic development of Panama, which is already considered to be the fastest growing country in the western world.

An important point within the agreements is that both countries want to build the first high-speed train in Panama and this represents a new stage in our island project “Isla Boca Brava”. Both countries have signed a joint agreement on this and are now starting a feasibility study.

This train will connect Panama City with our island project region “Chiriqui” and cover 450km in 2,5 hours. It is said to be a passenger and freight train. This will put our island region next to Panama City at the centre of tourism and economic activities. Our island property is only 40 minutes away from David, the provincial capital of Chiriqui, where is already an international airport and a train station in the future.

This will enable Chinese goods to be distributed from Panama to the countries of Central and South America, and the new railway line will play an important role in this topic. China estimates the volume of freight and economic activity that this new Silk Road between China and Panama entails at approximately $18 billion annually. For a country with 4 million inhabitants a large number…

This means that in the future our island region will have a completely different economic significance and will be much easier reached by considerably more people. This will increase the demand for good hotels, apartments and land. This is very good news for our “island project”, as this is exactly what we offer and we expect prices to rise.

Air China also announced during the Panama government’s visit to China that it will be flying twice a week from March 2018. Further Chinese airlines are to follow.

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.

The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.

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