Panama Real Estate-Past-Present and Future

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Since the Spanish Conquest, Panama has held a privileged geographic, commercial and cultural position. Panama was first visited by Europeans in 1501 on an expedition led by Rodrigo de Bastidas premium iptv. Santa Maria la Antigua del Darien was the first city on “terra firme”, founded by Christopher Colombus. After crossing Panama, Vasco Nuñez arrived at the Pacific Ocean, and it was then that the Isthmus gained importance as a passageway, which is still true today.

From this era, the first “Panama Real Estate” was erected, including numerous stone buildings. In the 16th century, these buildings were part of Panama’s city center, known today as Panama City “La Vieja,” which was destroyed by the pirate Henry Morgan in 1671. Nowadays, these buildings provide Panama City with a beautiful historical landmark. The total destruction and looting led to the construction of a new Panama City in 1673, which is better known today as Casco Antiguo, named a heritage for humanity by UNESCO in 1997 and is presently one of the city’s most valuable real estate sectors.

From Avenida Balboa one can actually observe the stark contrast between the past, present and future of Panama. At one extreme is Casco Viejo, the oldest city on the Pacific Coast of the Americas. Casco Viejo’s architecture is a mixture of influences from the Spanish Explorers and French Colonial, from the first attempt made by the French to build the Panama Canal. Punta Paitilla, also visible from Avenida Balboa, is a well established residential zone possessing the highest concentration of skyscrapers in Panama City. Next to Punta Paitilla is Punta Pacifica, an up and coming residential zone undergoing an immense amount of construction, including the well known Trump Ocean Club, among other breathtakingly beautiful high rise towers, all with unobstructed ocean front views.

Though Panama is small in size, its variety of real estate is huge. The spectrum of Panama real estate includes properties on deserted islands, spectacular beaches, highland estates and apartments in the center of the metropolitan Panama City. Panama offers unparalleled opportunities for investors, businessmen and retirees looking for a change of pace.

Panama’s unique characteristics, such as its circulating currency (the United States dollar), social and political stability, the warmth of the people and the beauty of the environment, have converted Panama into a favorite destination for many travel buffs. Furthermore, these same characteristics have provided the fuel for the real estate boom currently taking place in Panama.

Things have come a long way in a short space of time, as far as the internet is concerned. I remember the days when we had 56k (and less) connections, and at that time it was the best we had, but for anyone who enjoys modern fast internet connection speeds of 2mb and more, it does not bear thinking about going back to the speeds we used to have. In fact it would be an impossibility to go back now because of how much things have evolved. With all the content now, video, audio, social media sites and more recently IPTV, you really do need better speed because of the bandwidth that is being used up.

So where do you go and what do you consider when reviewing the options that are available to you. I was with NTL for many years which then became Virgin Media, and I was very happy with the service they provided. I had a bundled package which included my telephone, internet connection and TV channels. However, when I moved, the area I moved to was rural, and the cabling was not in, and so, I had to switch to BT. This proved very costly as I have one of three daughters who particularly liked to talk a lot on the telephone. Subsequently this left me having to pay for some very high bills indeed. I then switched to Tiscali, and they saved me a lot of money and I am very happy with the service which they provide.

So we have ruled out dial up. The only time I would suggest a dial up connection to anyone now is if they are going to be some very basic web browsing, and perhaps use it for a little email. Normally I would suggest a broadband connection of at least 2mb and would also suggest that it might be better for your to bundle your telephone, internet and TV if you can, because it means paying one bill, and invariably will save you some money. That has certainly been my experience. One thing I would say is to check what your estimated speed is going to be before you sign up for services. Most of the companies will have a line checker feature, and they will be able to give you a fair idea of what your line is going to support.

The next thing to decide would be the package you would go for. This would very much depend on your usage requirements. Generally I would say the faster the better. For me we have a package whereby we have over 2mb internet and we also have free anytime calls through the day and at weekends, and believe me, with a young family, it is a real blessing. Often you are constrained by a number of criteria depending on where you are and what services are available, so you really just have to go with the best of what is available to you in your area. The actual speed you will achieve is dependent on a number of factors:

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