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

U.S. retirees fuel boom in Panama

Dollar economy, cheap health care are drawing many (panama real estate)

By JENALIA MORENO
 Copyright 2007 Houston Chronicle

PANAMA CITY, PANAMA — Sharyn and Reuben Bronstein are witnessing a building frenzy from the balcony of their 22nd-floor apartment.
Towering cranes and more than a dozen residential skyscrapers under construction obscure the retired Houston couple's view overlooking Punta Pacifica, Panama City's hot new foreign enclave.

In one direction, Donald Trump is building a 68-story, sail-shaped edifice on the Pacific Ocean called the Trump Ocean Club International Hotel & Tower.
In another, Spanish company Grupo Mall, which is selling properties out of Houston, is putting up Los Faros de Panama, The Lighthouses of Panama, a glitzy development complete with apartments, a casino and a hotel.

At least 170 residential towers worth $3.2 billion are planned or currently under construction, according to a recent survey by real estate consultancy Prima Panama.
Fueling this boom, in part, are U.S. retirees lured by Panama's cheap health care, dollar economy and widespread use of English.
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