Colon was full of potential during its early 20th century glory days. But the fall from grace during the past 70 years or so has been drastic: unemployment is high, public health is poor, and crime is frequent.
But don’t write off Colon entirely. The government of Panama is making a push to revitalize Colon. Hundreds of millions have been announced in funding for projects to build homes, develop infrastructure, and beautify the city’s streets and parks.
In this Panama Special Report, we bring you the peaceful town of Cerro Azul, Panama.
Cerro Azul is only 45 minutes outside Panama City, but its crisp, cool weather, abundance of wildlife, and peaceful tranquility make you feel as if you are on the far side of the country. Many expats and even many Panamanians have traveled far into the country’s interior to find the lifestyle that some have realized here in Cerro Azul, so close to the city.
In this Panama Special Report, we bring you the city of Chitré, located in Panama’s Herrera province.
Chitré is not just any sleepy old rural town and, in recent years, it has overtaken all of its neighbors and Chiriqui in terms of growth. According to the United Nations Development Program, it’s also a great place to live, enjoying Panama’s highest quality of life based on factors such as the education level of its population and life expectancy, measured in the Human Development Index.
In this Panama Special Report, we tour Panama’s Causeway in Amador, a former U.S. military outpost and Canal Zone recreation area that is today enjoying a multi-million dollar makeover.
The Amador Causeway has a long and winding history tied to the construction of the Panama Canal and the nearly 100-year occupation of the Canal Zone by U.S. military forces. Used first as a military base, Amador was later repurposed as a sprawling recreation area for the exclusive use of U.S. military personnel and their families. Languishing in neglect since the 1999 handover dictated by the Torrijos-Carter Treaty that returned the land to Panama, the Causeway is today the focus of an ambitious plan to transform it into a five-star residential community whose key feature, a cruise-ship terminal, will rival ports of call throughout the Americas.
In this Panama Special Report, we cover the topic of buying real estate and property in Panama, including an exclusive on what you need to know beforehand in order to negotiate and have a smooth purchase process.
Panama is still a developing market—and a relatively unregulated one. This report will help you to navigate the quirks and details of Panama’s property market.