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Panama Real Estate News
| Panama, The Next Hotspot |
| This recent press release by CNBC is labling panama as the next hotspot. Enjoying a healthy economy panama will be the site of not only an expanded Panama Canal but also home to a Hard Rock Hotel Panama, Marriott, Radisson, and Le Méridien as well as Donald Trump, whose 65-story Trump Ocean Club is slated to open in 2010 Panama’s image and fortunes are bound to the canal that slices through it, a 80km feat of partly French, largely US engineering linking the Atlantic and Pacific, lucratively facilitating 5% of the world’s trade. For 75 years, the canal and a 15km buffer zone were administered by the US as recompense for their efforts. Since regaining control in 1999, this southernmost Central American republic, with a population of 3.3 million, has undergone an energetic transformation. Panama Canal, once at risk of being bypassed by the new generation of super-sized container ships, is undergoing a €4.6bn expansion, and the confidence inspired by the project has been a catalyst for development across all key sectors. |
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