Where do I begin? The growth in Panama in absolutely astounding. Everywhere you look, there is growth. You see the new airport getting prepared to start operations with flights already landing at the new terminal and then a shuttle carries the passengers to the old terminal to collect baggage and proceed through immigrations. The new, line two, of the metro is set to open with the opening of the new airport terminal.
Don’t discount the new cruise ship port that will accommodate up to two ships at one time with a maximum of 10,000 visitors at one time available to come ashore. With projections of ultimately over 250 ships per year visiting the new port, this is bound to expand the tourism as well as ex-pat demand for folks wanting to have a second home or a new retirement home.
Let’s not overlook the new conference center that is also preparing to open before the end of 2019 on Amador Causeway. This conference center will accommodate up to 25,000 attendees at a time and is projected to bring a new influx of visitors to Panama. All of this will be operational in just the next few months.
Everywhere you look, there is growth, expansion, excitement, interest in Panama. Then you have many other projects that are under way including lines three through eight for the metro. This will affect the transportation and movement of the ever-growing population of Panama in a big way. The new Panama Canal 4 th bridge will be able to move 100’s of thousands of people per day in and out of the city.
With this bridge, comes line three of the metro six additional new automobile lanes to relieve the rush hour traffic that is so renown in Panama currently.
Of course everywhere you look from the Tocumen airport hours west on the Pan-American Hwy the road has and is being expanded from two lane to four or four lane to six lanes and from six lanes to eight lanes. Now there is a feasibility study in progress for a train that will move people at a very fast pace from the city all the way through the western part of the country.
So what is the point of all this. With a country that only has a little over 4.2 mm in population as of March 2019, according to Worldometers (click here) and the population in the city being 1,821,693 (click here), the growing demand for Panama from Multi-national companies to ex-pats and tourist is
expected to keep this economy growing for years into the future.
If you are looking for relocating for retirement, 2 nd home, vacation home, international investments, or to diversify your portfolio, this is the place to check it out. Let me and my team help you achieve all your goals and answer your questions. You may want to start with a VIP Tour that is a “boots on the ground” opportunity to learn all about the country,
experience it personally, see for yourself and get educated on international real estate opportunities all at the same time. Just go here for more information on how to book your VIP tour.
“All Things Panama”