Panama Real Estate and Property Map and Panama Information

Realty Executives International - Central America - Where the Experts Are™

Land area: 29,340 sq mi (75,991 sq km); total area: 30,193 sq mi (78,200 sq km)

Population (2007 est.): 3,242,173 (growth rate: 1.6%)

Capital and largest city (2003 est.): Panama City, 1,053,500 (metro. area), 437,200 (city proper)

Other large cities: San Miguelito, 309,500; Colón, 44,400

Monetary units: balboa; U.S. dollar

Languages: Spanish (official), English 14%, many bilingual

Ethnicity/race: mestizo 70%, Amerindian and mixed (West Indian) 14%, white 10%, Indian 6%

Geography: The southernmost of the Central American nations, Panama is south of Costa Rica and north of Colombia. The Panama Canal bisects the isthmus at its narrowest and lowest point, allowing passage from the Caribbean Sea to the Pacific Ocean. Panama is slightly smaller than South Carolina. It is marked by a chain of mountains in the west, moderate hills in the interior, and a low range on the east coast. There are extensive forests in the fertile Caribbean area.

Expert Tips for Buyers and Investors in Panama

Panama is most famous for its canal but due to a recent governmental push to attract foreign investment and turn Panama into a retirement and tourism destination there is development activity nearly everywhere in the country. Panama City has attracted the top developers from around the world, even Donald Trump is seeing the potential here. The Pacific beaches and islands are top choices while some investors are looking to Bocas del Toro and the Caribbean side of the country. The highland areas in and around Panama city are also garnering attention.