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All of the worrying aside it appears as though Panama has added jobs since last year. Panama investment and Panama real estate are likely to do well in response to this information. The income tax figures for January through April for Panama show a more than ten percent increase in income taxes paid. In addition the Social Security Administration reports 60,000 more enrollees. The tax increase also tells us that the job increase is in persons earning more than $800 a month, where taxes kick in.

From the viewpoint of Panama real estate the fact that more people are making taxable wages means that at some level wages are starting to catch up with inflation in Panama. We have noted that the middle of the Panama real estate market and commercial real estate in Panama are more dependent upon a healthy economy than the very high end, which has been more dependent upon foreigners.

The flu scare seems to be subsiding and the recession shows signs of abating. This good news coupled with the reassurance that, as we believed, Panama is weathering the storm rather well bodes well for investment in Panama and real estate investment particularly.

We repeat our advice. Now is the time to buy. As the economy improves worldwide and, especially as credit loosens in Panama, prices will go up again and continue to do so as Panama’s economy grows.

The extra $12 million collected in taxes is hard data and points to more employment at better jobs in Panama. Tie this to the documented 3 percent increase in the gross domestic product (annualized) for the first four months of 2009 and you can see how well Panama is doing compared to the rest of the world.

As manufacturing is gearing up in Asia economists are expecting the recession to begin to lighten by year-end and to be well on its way to a full recovery by the end of 2010. Panama investment and real estate will be ahead of the curve as the worldwide economies take off again. Now would be a great time for an ABPanama free real estate tour to help find the home of your dreams to help target a commercial real estate investment ahead of next year’s bump in foreign investment in Panama.

Come to see us at ABPanama. We have over 23 years experience managing real estate portfolios, we are bilingual, and we do business throughout Panama.