{"id":4847,"date":"2022-09-28T03:47:30","date_gmt":"2022-09-28T01:47:30","guid":{"rendered":"http:\/\/www.thevisitorpanama.info\/eng\/?p=4847"},"modified":"2022-09-28T03:47:50","modified_gmt":"2022-09-28T01:47:50","slug":"the-positive-evolution-of-real-estate-in-panamanian-tourism","status":"publish","type":"post","link":"https:\/\/www.thevisitorpanama.info\/eng\/2022\/09\/28\/the-positive-evolution-of-real-estate-in-panamanian-tourism\/","title":{"rendered":"The Positive Evolution of Real Estate in Panamanian Tourism"},"content":{"rendered":"\n

The real estate industry is closely related to tourism, a destination\nrequires basic infrastructure so that it can accommodate visitors, whether for\nthe day or overnight, as well as a series of other businesses: from restaurants\nto convenience stores. In Panama there is still a lot of infrastructure to be\ndeveloped in the different destinations, especially in those with a greater\ntourist vocation. However, it has been experiencing a recovery in the\npost-pandemic period with a focus on tourism.<\/p>\n\n\n\n

\"\"
Donaldo Antonio Lindsay<\/figcaption><\/figure>\n\n\n\n

Vacation Homes on the Rise<\/strong><\/p>\n\n\n\n

Donaldo Antonio Lindsay, an expert in Real Estate with more than 30\nyears of experience in the Panamanian market, believes that there is a greater\nturnover of beach-vacation homes, even at levels higher than the pandemic\nperiod. Figures according to the Public Registry, the Panamanian real estate\nsector generated $821 million in the last quarter, a figure that is above 2020,\nforecasting a recovery for the second half of 2022 and exceeding pre-pandemic\nlevels for the 2023. Figures that combine both city residences and beaches.<\/p>\n\n\n\n

A Wide International Market<\/strong><\/p>\n\n\n\n

Donaldo Lindsay comments that when investing in the real estate market\nin Panama, it is very important to take into account the target markets in our\ncountry, such as: Millennials, Baby Boomers, Europeans, North Americans and\nSouth Americans; since depending on the niche to which one is directed, all the\ncommunication and marketing effort is directed. Something positive is that in\nPanama, there is a plural number of interested parties, which encourages\ninvestment towards any of the niches that you want to target.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Invest in Properties and Customer Service<\/strong><\/p>\n\n\n\n

The real estate expert thinks that when investing in tourism in our\ncountry, the first and healthiest thing is to rent with the option to buy. It\nrecommends the direct purchase only if the property has a very strong capital\ngain that, if not acquired at the moment, the price could rise significantly in\nthe short term, added to the fact that the probability of purchase decreases\ndue to the number of proposals.<\/p>\n\n\n\n

However, there is one element that ensures the tourism business and keeps\nthe value of real estate within the Tourism Industry: excellent customer\nservice. Donaldo Lindsay appeals to his thoughts and experience in tourism\nindicating that the price of the tourist experience in the destination is\nuseless if the value of the service is not higher in his perception and\nsatisfaction.<\/p>\n\n\n\n

For the expert, there are many experiences from neighboring countries in\nthe North, Europe and Asia, where despite the fact that tourism is expensive,\nthe personal service is superior, elevating the tourist experience and\nmaintaining a high volume of visits. In this sense, Panama has been indebted to\nthis issue for a long time, since it is the only way to achieve tourism\ndevelopment.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Beach, the Highest Value Sector<\/strong><\/p>\n\n\n\n

When a person wishes to acquire a property in Panama in a tourism\nsector, it is important to know the areas of the country that have the greatest\npotential in the short and medium term. Within the analysis that Donaldo\nLindsay carries out, the sectors with the greatest potential are:<\/p>\n\n\n\n

\u2022 The Pacific\nRiviera (Chame, Coronado, Rio Hato, Pedasi, Santa Catalina).<\/p>\n\n\n\n

\u2022 Highlands of Chiriqui\n(Boquete, Cerro Punta and Volcan).<\/p>\n\n\n\n

\u2022 Bocas del Toro, mainly in Isla Colon and surroundings.<\/p>\n\n\n\n

\u2022 The beaches of the Colonense Atlantic.<\/p>\n\n\n\n

\"\"
Donaldo Antonio Lindsay<\/figcaption><\/figure>\n\n\n\n

Everything indicates that the real estate industry in Panama is\nrecovering back to pre-pandemic levels and that the new direction in national\ntourism will help generate sustainability and the highest value of all the\ningredients: first class personal attention.<\/p>\n","protected":false},"excerpt":{"rendered":"

The real estate industry is closely related to tourism, a destination requires basic infrastructure so that it can accommodate visitors, whether for the day or overnight, as well as a series of other businesses: from restaurants to convenience stores. In Panama there is still a lot of infrastructure to be developed in the different destinations, […]<\/p>\n","protected":false},"author":1,"featured_media":4848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42],"tags":[],"_links":{"self":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4847"}],"collection":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/comments?post=4847"}],"version-history":[{"count":1,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4847\/revisions"}],"predecessor-version":[{"id":4854,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4847\/revisions\/4854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/media\/4848"}],"wp:attachment":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/media?parent=4847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/categories?post=4847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/tags?post=4847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}