Engel & Völkers expands to Panama

• Engel & Völkers opens at second location in Central America with new office in Panama City 

Hamburg, 9 October 2023. Engel & Völkers continues its international course of expansion with a branch opening in the capital of Panama at the beginning of October. This is the second market entry this year in Central America for the global real estate company from Hamburg, Germany, after its entry into Costa Rica.

Real estate expert Ciara Caponi and her team will operate under Engel & Völkers Panama in Panama City. “We are very excited to open Engel & Völkers in Panama and be moving forward with our global growth so successfully,” says Anthony Hitt, CEO of Engel & Völkers Americas, who stresses: “Ciara Caponi and her team already have many years of experience operating in the Panamanian real estate market. With Ciara Caponi’s international expertise, passion for real estate and a world-class portfolio, she and her team will be the top address for premium property services in Panama.”

International real estate buyers increasingly turning their focus to Panama

A strategically advantageous location, growing demand and favourable fiscal and legal structures are all distinctive hallmarks of the real estate market in Panama. Besides its political stability, the country, which forms a land bridge between Central and South America, also offers an excellent quality of life, good infrastructure and a diverse topography. Another key advantage is the official US dollar currency, which makes Panama an attractive investment location for international buyers.

Meanwhile, the majority of international prospective buyers in Panama come from the US, Canada, Colombia, Ecuador, Peru, and Spain. Their interest focuses on high-end apartments, residential properties and land with potential for development. “Panama’s advantages as a residential and investment location are still underestimated abroad, however the level of interest is growing. Now with the global presence and strength of Engel & Völkers, combined with our local expertise, we will put Panama on the international real estate map and take the market to a new level entirely,” says Ciara Caponi, who adds, “We recognise Panama’s superb potential for international property buyers and offer bespoke services for those looking for a second home or investment opportunity here.”

The team at Engel & Völkers Panama is specialised in the sale and rental of exclusive residential and commercial properties in the most sought-after and up-and-coming locations across the country and in the capital, including Costa del Este, Santa Maria, Avenida Balboa, Casco Antiguo, Marbella, San Francisco, Coco Del Mar, Boquete, Coclé and Pedasí.

You can find more information at panama.evrealestate.com.