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Located in the heart of the city, the imposing tower of apartments emerges in one of the reference points of greater access and tradition in our country. Near everything and within a few feet. Enjoy all the amenities that Bella Vista 43 St. has to offer.

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why invest in panama

PANAMA’S ECONOMIC GROWTH

By Paul F. Pinchong

As Panama continues to be one of the best destinations for investing, retiring or having a second home, its real estate sector, construction and tourism continue to be the main factors in driving the country’s economic growth to 9% this year, up by another 3% over the average 6% during the last 2 or 3 years, and thus becoming the leading country in Latin America that is rapidly growing.

Also contributing to Panama’s economy are the many multinational companies establishing branches to serve their worldwide clientele. Among them are call-centers, commercial groups in the auto industry acquiring franchises in a bid for expansion in this industry that is seeing record sales in Panama, new banks and legal firms, new shopping centers, more hotels to provide lodging for the increasing tourist trade, new residential communities and beachfront resorts, and much more. The expansion of the Panama Canal - a project with an investment of over $5.25 billion - will also bring with it a very substantial boost in the purchase of construction materials and equipment, as well as providing a broad range of employment opportunities that will, in turn, have a positive effect on the economy.

Panama City features shopping centers with the latest in top quality name-brand products in clothing, footwear, electronics, computers, digital cameras, cell phones, hardware, household goods, and virtually every item you can think of to the point that many Latin Americans are now choosing to travel to Panama for their shopping trips rather than going to Miami since the very same products they are looking for can be obtained here at lower prices.

The country’s economy will also experience further growth as more investors are coming in

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with an influx of capital that could very well exceed the investment in the construction of the third set of locks for the Panama Canal. Baby boomers and other retirees, as well as tourists in general, are arriving by air or on cruise ships to enjoy the many features and benefits that Panama has to offer. So, think about visiting Panama – you might like it so much that you’ll decide to come back to stay.

ALTOS DEL MARÍA

By Paul F. Pinchong

One of the fastest growing projects in the cool mountains of Panama is Altos del María, an exclusive gated mountain community located in Sora, just 80 minutes west of Panama City over the Inter-American Highway. After arriving at the town of Bejuco, which is only 60 minutes away, you will turn right at the Altos del María gate sign, and some 20 minutes later you will be in this newly discovered and incredibly beautiful mountain paradise with year-round temperatures ranging from 68º to 78º F, its lush vegetation and breathtaking views at altitudes from 1,200 to 3,400 feet above sea level from where, on a clear day, you will be able to see both the Pacific and Atlantic Oceans.

Altos del María has become one of the preferred mountain retirement locations in Panama because of its climate, much the same as the cool highlands in Boquete, Chiriquí, but much, much closer as it is less than an hour and a half away from downtown Panama City. Additionally, its residents have come to love this gated community because of its peace and tranquility, the surrounding natural beauty of the mountains, its waterfalls, rivers, flora and fauna, and to just simply enjoy nature at its best.

Though Altos del María is a paradise up in the mountains, you will find paved roads in the community, along with facilities such as electricity, water, broadband Internet, DirecTV, cellular and/or land line phone service, a heliport for emergencies, and lots more for your comfort and convenience.

Altos del María offers six beautifully designed homes that you can choose from featuring from two to four bedrooms, with areas ranging from 1,524 sq. ft. through 4,025 sq. ft. with terraces, living and dining rooms, maid’s room, kitchens and bathrooms with imported tiles, and much more for your pride and pleasure in owning your new home at Altos del María.

Find out more about your new paradise in the mountains by visiting the website at: www.altosdelmaria.com.

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