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Gamboa, Panama is a small town on the Panama Canal where the Chagres River joins the canal. Although Gamboa, Panama is surrounded by pristine rain forest famous for its variety of wildlife including exotic tropical birds. From Gamboa, Panama it is less than an hour’s drive to downtown Panama City. The Albrook Mall where you will think you are in North America is about half an hour away. Property in this sleepy town is fairly priced amid a beautiful natural setting.

Gamboa, Panama

Gamboa, Panama was founded in 1911 to house Panama Canal construction workers. Gamboa sits right on the canal surrounded by tropical rain forest. Tourists come from all over the world to stay at nearby hotels to view the tropical birds and take excursions around the canal.

The area has housing left over from the United States administration of the Panama Canal. This land is available from the Panama government or by resale if previously purchased. The housing in Gamboa, Panama is on paved city streets with lots of surrounding open area as well as the nearby rain forest. Like every Panama neighborhood there is a local store or tienda in Gamboa, Panama and shopping in Panama City is half an hour away.

Property in Gamboa, Panama

A newly constructed two level, three bedroom, two bath home in the style of old Gamboa, Panama housing is available for $297,000. Although this property reminds one of the old two level Gamboa, Panama housing style all of the construction and amenities are brand new.

Some of the nicer homes are not on the Canal but on the bluffs overlooking the Chagres River as it enters the Panama Canal. From time to time one of these homes becomes available. Contact ABPanama if you would like to be notified about new opportunities in Gamboa, Panama real estate.

Property and Panama

In the last ten years there has been a flood of North Americans retiring to Panama or just buying second homes here. Gaining residency is easy and foreigners, resident or not, can purchase property here. The economy is booming and property values are steadily appreciating with no end in sight. Panama is steadily improving its infrastructure although it already has the best ports, airports, roads, and telecommunications in Latin America.

Panama’s Balboa trades one to one with the dollar and, in fact, Panama does not print paper money so you buy things with dollars here. American change and Panama “moneda” or coins are interchangeable. English is widely spoken and is the office second language of the country.

Travel in and out of Panama City is easy. Tocumen International Airport is a modern airport. With it location on the land bridge connecting North and South America and its modern facilities Tocumen is fast becoming the primary hub airport for all of Latin America.

Whether you are interested in a second home near the Panama rain forest in Gamboa, Panama or Pacific coast property near some of the world’s best fishing we invite you to visit us at ABPanama for more information regarding Panama.