Panama belongs to the list of nearby nations seeking buyers in South Florida for its real estate.

Some half-dozen Panamanian exhibitors attended the recent International Real Estate Congress and Expo in Coral Gables, offering luxury condominiums in high-rise towers and other properties to buyers seeking lower-cost alternatives to South Florida.

The need comes amid a boom in construction and real estate in Panama, spurred partly by tax incentives the Central American nation now offers to foreign investors. Panama City now plans at least nine high-rise towers, each with at least 56 floors. The country began offering tax incentives for real estate to stoke growth.

The government of Panama also seeks to invest more than $5 billion to expand the nearly century-old Panama Canal to handle larger ships and boost its economic weight.

Additionally, Coral Gables-based Regions International Banking has started offering programs to train staff at its correspondent banks in Latin America. Working with the South Florida Center for Financial Training housed at Miami Dade College, the company recently offered a two-day course in Bolivia for 20 bankers at Banco Economico de Bolivia.

By M. Sese
http://realestatepress.org