Panama City Rises—When, Where and Why to BuyGet ready to buy in Panama. Right now, Panama’s economy is on a tear. Panama City and much of the countryside has been transformed since I first scouted real estate opportunities here nine years ago. A $5.25-billion expansion of the canal is well underway, $1.9 billion is being invested in a new city-wide metro system, and two Panamanian ports, Balboa and Colón, were Latin America’s two busiest last year.
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