About 80% of Panama’s economy is dominated by the service sector and benefits greatly from foreign direct investment. The country continues to develop its economic and political relations in order to bring tourism, capital and companies to Panama. This in turn leads to increased demand for real estate in Panama, both from buyers and tenants.

After Panama established diplomatic relations with China in June last year (Link) and since then has greatly expanded economic relations, Air China has been flying to Panama City twice a week since April 2018. Chinese investors are now arriving directly in Panama (link) due to the first easing of entry requirements for Chinese.

In February, the delegation led by President Varela visited the leader of Dubai. In addition to political and economic representatives, the management of the Dubai sovereign wealth fund were also present at the meeting in Dubai. Key topics were investments from the Arab region in the areas of infrastructure, real estate, trading and energy. Both countries are the logistics and trading centre (Panama as Hub of the Americas) on their respective continents and now want to bundle their geographical and strategic strengths.

In mid-May, the President of Panama, Juan Carlos Varela, met with British Prime Minister Theresa May. It was the first time in history that a Panamanian head of state met a British Prime Minister. The aim of the talks with Theresa May, other ministers, companies (including British Airways) and British investors was to further strengthen and expand economic, political and tourist relations.

After these summits, the Panama delegation continued its trip to Israel to discuss the same topics with Prime Minister Benjamin Netanyahu and economic representatives.

This progress in Panama’s economic and political relations is fundamentally very positive for the real estate market in Panama.

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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