Words from Our Happy Customers

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Written by Panama Real Estate   

This might surprise people coming from the US and Europe as I often see them logging bags full of bottled water back to their hotels. But the drinking water in Panama is not only safe to drink, but it is also the best tasting water I have ever tried.

Now back in Panamá after nearly 2 years in Denmark I am really crazy for the water. It is so refreshing that you will sometimes here the expression the Champagne of the Chagrés.

Madden Dam

The water for Panama City comes from the Madden Dam reservoir as seen above. This is filled with water from the Chagrés river.

The water system here was built by the US government during the building of the canal to ensure the health of the Canal workers. What this means is that Panama was probably one of the first cities in the world to have clean safe drinking water.

The nice taste of the water though comes from the source material, the fantastic rains over the rain forests of the isthmus.

Source: PanamaFAQ

 

Panama Real Estate News

Real Estate Is Going South, In This Case Straight To Panama
Real Estate Is Going South — In This Case Straight To Panama
By MARILYN ALVA

A Florida developer is making hay while the Sunshine State wilts in cloudy weather.

Todd Gates has headed from Naples, Fla., to Panama, where real estate market conditions are presently much sunnier.

This sliver of a nation south of Costa Rica links Central America to South America. It has coastlines on the Atlantic and Pacific and lush mountains in between. Here, Gates has found his idyll: a revenue base not tied to boom-and-bust Florida.

Panama is where he's now developing resorts, commercial buildings and residential areas worth $25 million to $500 million each.

"I spent two years visiting every Caribbean island and Central American country," Gates said. "Panama had exactly what I was looking for."

Gates liked that the service-based economy, growing nearly 9% a year, wasn't tourism-centric but diversified with banking, commerce and shipping. Panama is home to the world's second biggest free-trade zone. The $5.2 billion expansion of the Panama Canal should help keep the economy pumping.
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