Panama is hot, and it’s not the weather that is creating the most heat. There are 40 freighters with International cargo on either side of the Panama Canal right now waiting four days for their pass of the Mirimar locks. With the announcement of the canal expansion approved, an enormous amount of International Banks and Five Star developers including Trump are pouring money into the development of Panama.  The new canal will bring an abundance of white collar jobs to Panama including the mass amount of various construction jobs which is bustling with energy. Currently, Balboa Avenue is under construction from 10pm- 6am every evening as the current President is trying to finish the expansion of Balboa Greenway during his presidency. An enormous project of constructing a 4 line each way road with a center greenbelt, parks, and features.

Development is not only occurring in the city, although, there is still little development south of the city towards Colombia, where several indigenous Indians still thrive. The most popular destination where numerous projects are developing is along the Pacific Coastline especially in the Coronado area about an hour north of the city. Santa Catalina hosts the best surfing wave in the country and is rumored to be seeing a lot of development in the near future including an airport which would save a five hour drive from Panama City.  The Pacific Coastal port of David has enjoyed steady improvement in jobs and infrastructure. With a strong fishing business out of the Boca Chica area, islands and large farms are being purchased by savvy Americans who see the potential for development over the years to come.

Just up the road from David is Boquette, rated the #1 place to retire in numerous travel and leisure magazines and continues to grow in an ecological fashion with valleys of beautiful orchids in the trees in a cool climate. The Caribbean coast is the next hot spot and is now beginning to see projects with interest. There are several great land bank deals on this coast in Costa Abajo and Costa Arriba near Portobello.  There is a merchandise mart under contract offering foreign manufacturers, exporters, wholesalers, distributors, sales agents and business people from around the world the chance to rent or buy permanent showroom in an unique international wholesale market environment

There are several 2200 square foot 3 bedroom 2 bath homes with granite and American appliances investments in for $300,000 with gorgeous ocean or valley views throughout the country.  There are no property taxes for most properties for the next 20 years, as well as other tax and banking incentives.  The Panamaians are friendly and with 96 percent literacy technologically advanced with a tropical style.