Some might not believe it, but when you compile numbers... it is incredible to see. Casco Viejo is truly leading Panama as an example of social revitalization fueled by an economy that is gathering its own momentum. Its image is one of the favorite subjects of international reporters who find in Casco Viejo`s historic architecture and mixed community a wonderful story to tell... the story of true Panama and why people should come to explore it.

I don´t think I have seen an apartment in Casco Viejo to be even close to what this one offers. And I don`t think there will ever be one like this, since as you know, Casco Antiguo is all about limited offer! each home has a unique shape and history. So it is truly one of a kind. Looking for a unique, luxury home? search no further...

El Casqueño, Casco Viejo`s newspaper has now a website! beautifully done, you`ll find the articles both in Spanish and English. Check it out! El Casqueño, el periódico del Casco Antiguo, ahora tiene un sitio web! bien diseñado, ahí encontrarán artículos del Casco Viejo tanto en español como en inglés. Visita el sitio aquí:

This growth rate is higher than expected, but economic performance in the region is very diverse. Stated CEPAL Executive Secretary Alicia Bárcena. How is Panama doing?

Panama replaces Chile in the Latin Technology Index published by the Latin Business Chronicle. And Casco Viejo claims its own statistic!

I don`t know why I didn`t realize this before, but a big percentage of Casco`s entrepreneurs are in their thirties or early fourties. From internet businesses to restaurants and bars, Casco Viejo isn`t "viejo" (old) at all! Which is interesting, because it means the Casco offers an opportunity to make business happen.

When Leanne invited me to "Glam Night" last week I wasn´t quite sure what to expect. She mentioned it would be a "girls only" event and a lot of fun. First event of its kind in Casco! would it work?

Culture and money, for some reason they are not always perceived as close relatives. Culture and social change seem like cousins, but somehow not necesarily people think they go to the same parties. However, it is through culture that we generate tourism and many other activities... and it so happens that as a tool for change is quite a bomb on its own. And that bomb has started to catch a bit of fire in Casco Viejo.

Simply incredible. Overnight, the Cinta Costera had grass, trees and connected to San Felipe´s ramp! Still not clear though how traffic will work, especially the access to the "underground parking".

Tomorrow, exactly the same day Berlusconi will be in Casco Viejo, the Casco will be invaded by cute girls. And no, it is not what are thinking!!!

Most of Casco Viejo´s government buildings where designed by Italians. Today, the Italian influence is everywhere, from our President to restaurants and even hospitals. La Dolce Vita and Panama´s Caribbean style have proved to be a great combination! La maggior parte degli edifici publici del Casco Viejo furono disegnati da italiani. Oggi, l'influenza italiana è ovunque, dal nostro Presidente a ristoranti e persino ospedali. La Dolce Vita e lo stile dei Caraibi -Panama hanno dimostrato di essere una bella combinazione!

El Casqueño second edition is out! beautiful and thoughtful, it is a fair window into Casco Viejo´s everyday life and most important issues. Also, The Visitor dedicated a special edition to the old neighborhood... check it out!

Looking to move to Casco Viejo but need a three bedroom for your family? here I review Casa Vidal, a three bedroom fully restored townhouse in the best of San Felipe, Casco Viejo.

In the past few months we have gotten quite some interest from people coming to work with Procter and Gamble in living in Casco Viejo. They are attracted by the charm of the colonial city, its "small town" lifestyle and yet closeness to the modern areas of Panama and outdoor spaces where to excercise such as Cinta Costera, Ancon Hill and the Causeway. And I knew Procter was moving their headquarters from Chile here. What I didn´t know,

Some projects take a long time, this one started in 2006. However, it is crucial for Panama not only because it reorganizes the sewage system but because it is crucial to recover what is mainly our trademark: our oceans and rivers.

Have a beer with your friends, bring your dog, your family... and sit under the stars of Casco Viejo to watch a movie!

Raising the bar of art galleries in Casco Viejo in comes Carlos Weil with his well known gallery Weil Art. From erotic art on original Panama Canal Bonds to interesting antiques and easy to travel (but meaningful) souvenirs.

La Casona de Brujas has become for years now a Casco Viejo icon for bohemian life and art. They have made their name breaking the ice at interesting unrestored buildings creating energy wherever they go. They are moving again... find out where!

The Panama Canal Zone was name given to the area surrounding the Panama Canal that was considered US territory within the terms of the initial Canal treaty. It was given back to Panama in the year 2000 as per the Torrijos- Carter treaty in the 70´s. While it generated controversy throughout its life, it also defined generations of Panamanians and Americans.

Have you been looking for a large commercial space to rent in Casco Viejo? or for a really small one where you can provide neighborhood services? Benedetti Hermanos has both. A lucky combination of elegance, flexibility and location, the commercial space is designed to have a cafe and several retail (such as pharmacy, bank, laundry, etc) and has a mezzanine space for offices.

Since 2007 several multinationals have moved their headquarters to Panama. The first one to break the ice was Maersk. Today, there are 36 multinational companies in the country and the government´s goal for December 2011 is to reach the 100. See below the list

How is the Panamanian banking system doing in 2010? La Prensa ran different articles at Martes Finaciero featuring everything from investment to real estate, loans and more.

Last night we had a great time at Bohemios. Located next to VIP Juice at Avenida A, between 4th and 5th street, this restaurant is just fun. Owned and run by Casco Viejo locals, the ambiance is totally relaxed. Plus, you can sign your name at the wall while having very good fish tacos or fried fish sticks and crispy french fries. My favorite: the samosas... I loved the mango sauce!

Named after the famous Italian movie, "Cinema Paradiso" is Casco Antiguo´s new video store. Check it out!

Hurrays at todays La Prensa: Panama made it to BBB ratings! Our gang now includes Chile, Brazil, Mexico and Peru. The official press conference and details will be on March 24th. If you would like to participate, here is the info.

The "little devils" at Diablo Rosso are organizing a series of talks about Patrimony. They´ll promise a lot of quality information and no "bla bla bla"... straight to the point! Whether you are interested in the technical part of restoration, or in the legal basis, or how Patrimony works around the world and compare it to Casco, this is a series you can´t miss.

Yesterday, the old Club Union in Casco Viejo boarded up the property, which is a clear sign that they´ll start construction really soon. Rumors in the street have told us there will be plenty of demolition, hopefully they´ll be supervised by Patrimonio Historico as there is a lot of beautiful historic structure inside.

The boys at Relic really know how to throw a party!!! everyone shows up, including President Ricardo Martinelli.

Mediterranean food with a Lebanese touch. I hope eventually they´ll decide more for Lebanese, as I´m a big fan. Check out Casco Antiguo´s new restaurant: Antar!

When investing, everything is about "finding the right niche". What about a niche within a niche within a niche?

One of the largest projects in Casco Viejo, Benedetti Hermanos is finally gearing up to deliver units this year. With a total of eight apartments and one large commercial space (basically 400 mt2, over 4000 ft2). The residential units average 200 mt2 (over 2000 ft2) with penthouses around 345 mt2 or more. Real photos of the finishes here!

Tonight! a group of businesses will gather into what is becoming a monthly art party in Casco Viejo: Diablo Rosso, JungleWood, Super Gourmet and Relic are coreographing different events so you can enjoy all places and offers. What and when here!

Art gallery opens in Casco Viejo! at Calle 1era, next to Galería Indigena.

Travel guides are a great way to orient yourself when visiting a country for the first time. It takes a lot to update the booklet, but we are happy Bradt Travel Guide took the effort and found Canal House, Casco´s tropical bed and breakfast. Check what they had to say!

Looking to rent in Casco Antiguo? here is a wide list of what is available right now in 2010.

Being a tooth is so unfair: no one thinks about you, you get smashed right, left and center, and when something happens it is really expensive to fix it. But doesn´t have to be. In fact, you could get everything you need for your teeth done in Panama with great quality and still go partying. Check this out,

Investing in Latin America? This might be interesting to you...

2009 was an "interesting" year for business and the market in general. How did the financial crisis affected Casco Viejo? How was 2009 in terms of Real Estate, investment, community? How is 2010 looking like?

In the last 8 years, Panama has had an incredible growth. Tourism, construction, the Panama Canal, banking, every area seemed to be thriving, and got the country to touch amazing growing rates comparable only with China (9% - 10%). But there was an area that was left behind: public transportation. Today, we got good news about it.

Yesterday we had an interesting couple coming to the office. He is a broker and a surfer (throw in some snowboarding as well!) and was looking for a place to invest. His main goal was to get away from cash and transform it into hard assets. We was seeing the wave coming in the horizon and was ready to make his move...

Last week the Economist ran an in-depth article regarding the impact of the Panama Canal expansion on the Panamanian economy. The article is a must read for anyone who is or is thinking about living or investing in Panama. It gives one of the best overviews of Panama's economy and the reasoning behind the expansion that I have seen.

Home delivery Italian Style! Going green with their pizza home delivery, Caffe Per Due starts the bicycle spark in Casco Viejo.

Darling new store opens in Casco Viejo!

Last Saturday House Hunters International aired an episode called "Two Best Friends Invest in Panama" featuring Casco Viejo... and me! (alias Patrizia Pinzon, not Patrizia Penzon as it was spelled in the website. The thing with Spanish is that the vocal "i" sounds like "e" in English) along with Eric and Vladimir who are childhood friends that decided to invest here and now are an active part of Casco Antiguo´s community.

Friday night, was a historic night. No one would have thought that finally a restored condominium in Casco Viejo would have the following address: Terraplen, Casa Malecon. But Friday night, the project inaugurated, in the middle of a controversial Cinta Costera project and a raw area that struggles to resist change.

A Foundation that helps women of low resources to overcome in life...

Casco Antiguo´s first bakery opens its doors.... steps away from the Presidential Palace!

Real Estate in Casco Viejo is truly exciting. To see these buildings come back to their best years and revitalizing a neighborhood is the best part of the job. Check out the latest update for the hottest real estate spot in Casco Antiguo.

Fun and fitness in Casco Viejo

Believe it or not, hair is an issue in Casco Viejo. But the solution is on it´s way!

Casco Antiguo has been buzzing this year with new businesses and construction. However, this is the first time it makes main financial news.... learn why!

Mojito´s Grill opened its doors at Plaza Herrera at one of the most authentics spots in Casco. And Diablo Rosso, the art devil of San Felipe just turned one year old!

Casco Viejo is more than ever connected to the rest of Panama City thanks to the Cinta Costera. The original plans, however, included a piece that would literally connect Terraplen and somehow it didn´t get done during the past administration. A controversial project from the start! We finally have the plans.

Two new restaurants have opened in Casco Viejo, Panama: Antigua at Plaza Catedral and Aromas Café at 11th street. Another one, Venezuelan owned and operated will soft open today.

During this world wide financial crisis, many countries have suffered and Panama, which had a growth up to 11% slowed down. But, somehow, it has kept its head up reporting growth even this year and making it into the international lists where keeps the good company of far bigger countries.

Speaking of having people from Amsterdam visiting Panama... Heineken just moved in!

Aristologa, the well known Panamanian culinary reviewer featured Ciao Pescao at today´s La Prensa

Mayal´s makes its debut at A Avenue and 8th Street

It is official: the Gaceta Oficial de Panamá published the authorization to continue the Cinta Costera by Terraplen into the dock´s area where the Public Market used to be.

For this weekend in Casco Antiguo there are a lot of activities for you and your family...

2009 points out to be an intense year: the works for the Panama Canal Expansion will start, the new transportation system Secretary will need to show some concrete actions, big companies like Chevron are raising their capabilites and Panamanian banks try to keep leading the region.

Enjoy a proper Cafe Corretto at Plaza Bolivar... Segafreddo is here!

A treat to our senses!

Sophistication doesn´t have to be pricey! check how the Diablo strikes again...

Los Cuatro Tulipanes made an interesting video about Casco Viejo, interviewing investors about their experiences and their vision.

Casco Viejo has started to become Panama´s art home. Last night, Diablo Rosso opened its doors with its interesting and fun proposals.

After years of depending solely on the ATM inside the Ministry of Justice (available during working hours unless you talked to the guards into letting you in even at night) we have an official and fully public ATM. This is really moving forward!!!

Great news at today´s La Prensa: the Panama Canal Authority will be opening envelopes tomorrow and evaluating the proposals on the bidding for the Panama Canal Expansion. Who is bidding?

Luna´s Castle has "expanded" its business. They just opened one of the nicest bars in town, at one of the historic vaults that the building hides at its base.

After the Election Craziness, learn which politicians can affect Casco Viejo directly.

Panama´s National Comptroller Office had announced a growth of 3% for 2009. How is the country doing so far?

Frit Arts is opening at Central Avenue and 4th street to restore the good name of fried cuisine!

Yesterday, the Residents and Friends of Casco Antiguo Association (Asociación de Vecinos y Amigos del Casco Antiguo)hit town!

Panama was one of the few countries in LatinAmerica that escaped the red numbers on its first trimester.

Developers of the residential building are taking fire for violating regulations in the area.

Four new hotels in Panama from the Hilton chain, tourism grows 6.4% and banking system announces that they won´t be needing the credit incentive package after all... too much optimism? is this the beginning of recovery?

By means of Executive Decree No. 26 of March 2, 2009, the Government of Panama significantly reduced from US$615,000 to US$260,000 the bank time deposit at the National Bank of Panama required to qualify for a Second Passport.

This past month, we have seen two iconic cases gone to the papers provoking scandal among all who care and love our Cathedral Plaza: the overbuilding of PH Independencia and the falling of Hotel Central´s lateral calicanto wall. On both cases, the chapter of ICOMOS in Panama (a technical advisor to the UNESCO) has gone out to demand attention and to make sure political corruption won´t be an obstacle in the process.

Casco Viejo For Rent, updated list of apartments for rent in Casco Antiguo and commercial space

Weekend is coming! here are the upcoming eco adventures and cultural events.

What a weekend! Panama´s Presidential Election, How does it work? who won? what to expect?

Many look around and spend hours searching the web for this information. While most of it is in my own website (and you can see photos, etc) I see how having a chart can be really useful.

It was about time! residents and business owners of Casco Antiguo are coming together to help Casco Antiguo develop the best way possible. AVACA for its name in Spanish, is open to everyone: residents, owners, business owners and Casco Antiguo fans.

Developing in Casco Viejo is both a science and an art. Experience and common sense have to blend with the historic restrictions and be sensitive to the environment. It is a complex process that we only recommend to people who have the correct skills and team behind them, and that will be on the ground full time for at least three years. While most of our clients might feel this is too much, every year I see examples of what can happen if something goes wrong. Yesterday, we witnessed a very sad example of lack of planning and the most basic common sense, which led to the partial destruction of one of Casco Antiguo´s most valuable icons.

Recently I published a list of all the properties For Rent in Casco Viejo. Now, here is my updated list with what is For Sale in Casco Antiguo right now. See how much the fully restored condos in Casco Viejo are going for and also some of the best located unrestored buildings. The map marks also where the main active hotel projects are located: either existing or under construction.

"Raindrops are falling on my head".... but it doesn´t stop the carnival! Panama is entering into the rainny season, hated by many but highly appreciated by all nature lovers. Check out the event calendar for the month: art, music, theatre and ecological trips at Casco Antiguo´s nearby jungles and beyond!

Very good "baby blue salad" (salad with pears, blue cheese, raisins and nuts) and friendly ambiance. A place where you can choose to "grab n´run" or to stay and relax.

Panama mega investments are going forward full steam ahead. With the Presidential elections coming up next week, the current President Martin Torrijos Espino is eager to cut the ribbons and inaugurate it. Check out this recent aerial photo showing the big park extending through the coast.

With health coverage droping in countries like the United States it makes sense for people to look for other options. It seems that Panama is almost 50% cheaper than the States and quality isn´t compromised.

Looking for rent an apartment or a commercial space in Casco Viejo? Here are the options available right now!

Running from one side to the other, Ivana and her daughter receives you into their recently opened Pana Art store with a big smile.

Obama is lifting finally parts of the Cuban embargo. While you are thinking on traveling to Cuba, read this first....

United Nation´s economic agency for Latin America and the Caribbean called CEPAL (Comision Economica para America Latina y el Caribe / Economic Comission for Latin America and the Caribbean) published in its website their growth projections for the region for 2009. According to their economic study, Panama will grow over 3% this year, leading the region´s development and surviving the crisis better than its peers (at least for 2009).

All of this happening in Plaza Herrera! while always considered the "back" of San Felipe, somehow I´m getting the impression of being at a cutting edge front.

Emerging artists, locals, investors, art, music and criollo food. Casco Viejo has become Panama´s reference for cultural events. But there is more to it than meets the eye...

With a diversified economy and a strong, conservative, banking system, Panama is on the move to protect the country as much as possible from the current economic crisis. For the last three years, Panama positioned itself as one of the fastest growing economies in the region, with numbers as far as 10% a growth reached only by countries such as China.Worldwide, this year has been very different for everyone. But Panama’s advantage over the region may survive ...

I am not joking when I say I have never seen anything move so fast in this country. I don´t know if it is because the Presidential Elections are so close now (in May)...

After a long absence, Air France - KLM celebrated on March 30th it´s first "comeback" anniversary with an important number of passengers to the region. A multi destination regional strategy might be "coming soon" as Central American Ministers of Tourism meet in Panama in the next few months...

Great local food and sexy girls, Casco Antiguo Fashion Festival dressed up Plaza Catedral with the best of Panamanian fashion design and paid tribute to Panamanian photographer Gustavo Araujo who died tragically last December.

With the moving of the regional headquarters of some important companies, the availability of rental apartments might be a bit short these days. Also, the process of the contract, signing and taking over the apartment might be stressful... and even worst, hooking up the utilities (phone, electricity and water in some cases) a true nightmare. So, how to go about renting in Casco Viejo?

Panama will receive today a delegation led by Prince Philippe of Belgium and his Minister of Economy Vincent Van Quickenborne. The goal: to participate in the expasion of the Panama Canal and explore the country´s benefits as a regional hub.

From the Oficina del Casco Antiguo calendar... these are the upcoming events. Some are "to be confirmed", but is good to keep them in mind:

A 705 million dollars international business park is being built 15 minutes away from Panama´s Colonial Quarter, Casco Antiguo. Learn where, how and who is involved...

These past two weeks have been a frenzy for Ariel Espino and his team at Oficina del Casco Antiguo. Not only he was running business as usual with all the social programs the OCA has and building renovations that range from social housing within Casco Viejo to the rescue of old ruins and turning them into beautiful public spaces, but he was also - and for the first time at that office - launching an ambitious website, and even more, hosting a special UNESCO delegation that arrived to check on how things where going down here due to some letters they have gotten that the Casco was in danger.

Finally!!!!!!!! One of the axis of Casco Antiguo has its own website. We waited a long time, but it was well worth it! The website is a reflection of everything Casco Antiguo is: a mixed, vibrant community. Full of art, color and flavor. Congratulations!!! Also, a big hurray for Clara Hardin, our associate who appears at "Mi Barrio" ("our neighborhood".

Attention artists! the girls of Entre Pulgas are offering space at their commercial space in Avenida Central, near Casa Góngora at Calle 4ta to showcase and sell your creations.Contact Lara at 6694-2427 and Paula at 6493-0632

Leaving forever the place you´ve been at for a long time and where your family and most of your friends are is quite a scary thought. But planning for a one or two year adventure in a cosmotropical country (where they can come and visit, or even join you) is a totally different thing!

Times Magazine article featuring Panama and Casco Viejo! flash news!

"Imagine if New Orleans had ignored the French Quarter for a century" .... "Now the neighborhood vibrates with the rough energy of transition. Local blasts reaggeton beats into the street while nearby chauffered SUV´s drop off an international set at .... " This is from the latest GQ magazine Travel section... run and get it! as they don´t have an online version yet.

Jeremy Schwartz from the Star - Telegraph visits the Casco and shares his experience on this Havana- like part of Panama.

I keep updating this, but businesses are opening very fast. More to come soon in Cuatro Casas!

With the US and specific places like New York going out of jobs for all ages, but specially the younger crowd, Panama, somehow is now attracting a completely different profile almost by accident: young, professional and entrepreneurial.

Pum!Pum! Pum! ... to the left.... cha chaaanann to the righttttt cha chaaannn down! up! around! A classic summer day in Casco Viejo!

Banco General, one of the biggest Panamanian banks announced 58% growth for 2008. What will 2009 bring in terms of world wide economy is hard to tell. But it is nevertheless something to consider seriously, and if fundamentals are good, give it a try.

The Cinta Costera has reached Casco Viejo! check out the photos... change is on its way!

"Despite the global economic downturn, Panama's economy remains strong—the country expects GDP growth of 8% this year, Nordström says, and while work on hotel projects has slowed slightly, construction permits are up 35%, he says." Check out this article from HOTELS magazine... quite interesting!

Yesterday was a full day! showings in the morning, wine tasting early afternoon, dinner with friends... everything at walking distance, no traffic, and great food. The morning started at

I`m at my third glass of wine and already dancing! Giovanni, a Sicilian friend who has come to Panama to distribute wine is teaching us all about his beautiful land and the wonderful wine it produces. Of course, after a while, it is not much the difference (at least to me!!!) but it is a joy to enjoy, as they say in Italy "la dolce vita" definately starts with wine and cheese.

I`m at my third glass of wine and already dancing! Giovanni, a Sicilian friend who has come to Panama to distribute wine is teaching us all about his beautiful land and the wonderful wine it produces. Of course, after a while, it is not much the difference (at least to me!!!) but it is a joy to enjoy, as they say in Italy "la dolce vita" definately starts with wine and cheese.

Although Havana Cafe opened right for the jazz fest, there was so much going on I couldn´t get to it. Also, I wanted to try it out first! So finally I got to go with a group of friends. My first impression was excellent:

Soap operas in Latinamerica are huge. I remember growing up watching all sorts of soap operas, from the funny Brazilian ones (sexy but at the same time with a naive sense of humor) to the more aggresive Mexican or the frankly confusing ( and loooooonnnnnggggg) Venezuelan productions.Panama did not wanted to be left out!

The Wall Street Journal features Panama and Casco Viejo! don´t miss the article HERE

"Panama is up-and-coming like never before, quickly becoming the destination of Central America. And there's little wonder: Panama's beautiful Caribbean coastline remains undiscovered in many parts, fiercely protected by the Kuna tribe who shun modernisation, while Panama City is a destination in its own right with skyscrapers juxtaposed with the old town of Casco Viejo". This is the online quote from Conde Nast Traveler´s Top 20 Destinations for 2009. Learn more!

A historic event took place today. The old music conservatory came alive. A dream came true. Lives where changed. All because of two visionaries: Danilo Perez and Conservatorio S.A.

New year, new office, new adventures! Arco Properties at its own headquarters!

My office is a mess!!!!! But my frustration of putting all in boxes and dealing with transferring phones is only balanced by the excitement of moving to our own headquarters. Yes!!!!

Clara and Jennifer are one of our favorite Casconians outside Casco. They are so nice and cook so well that we almost forgive them not being in Casco Viejo. But not for long! I hope... After a long absence

Last night, the Casco Antiguo community came together to celebrate the opening of Galeria Vida and Entre Pulgas. They took the opportunity to close up Calle 3era (behind Hotel Central) and have a neighborhood party with food and drinks for everyone. It was Christmas spirit all over, as right on the corner, Casa Gongora had the choir concert, singing traditional and Panamanian Christmas Carrols

One of the fondest memories I have of Christmas is going to visit my grandmother ( a former Casconian, waaaayyyy back when…) and spend hours either making or playing with the Christmas Model Town. We call it “el nacimiento” which in few words describes a small town made out of toys featuring the Christian nativity scene. You could go all the way up with those things, there where those who took the entire garage in their homes and did a real mini Israel out of it.

Yesterday I had a fantastic evening with a client who is looking to move to Casco Antiguo next year. It was very interesting to hear him out, not only why he was moving out from the States (the financial crisis, the lack of opportunities for a young guy to get a business going unless you had a lot of cash) but also his view on why Panama (and Casco Viejo, of course) is his best strategy under the difficult circumstances.

Panama, and more importantly (for us) Casco Antiguo got featured at CNBC European Business December edition. Check out the article here!

Canal House gets mention at USA Today!

Obama´s election was cheered by everyone. However, there is so much stuff to fix at home, so many sacrifices to be made... so much hard work. What about Panama? Casco Viejo? what are the advantages, the choices?

Two interesting articles have come out about Panama related to the latest James Bond film Quantum of Solace: The Telegraph "Property in Panama... Wherever they laid their hats" by Teresa Manchan and Five James Bond Escapes by Oliver Pug (The Independent). Check their quotes on Casco Viejo and interviews to residents and owners!

Panamanians are repatriating their funds to Panama, along with a lot of other nationalities. Learn why all of them are considering Panama as a safer place to "wait" and "weather the storm"...

Casco Antiguo is gearing its construction towards the most productive time of the year: summer! Learn about the status of the projects and where can you buy units. Ranging from all sorts of amenities to tax benefits and architectural styles.

Many historic centers in Latin America have been the focus of government and private initiatives seeking to rehabilitate the building stock and position the areas to serve the tourism industry. In most cases these efforts have led to the displacement of lowincome residents or of residential activities altogether, due to gentrification and commercialization of the district. This article seeks to advance this discussion based on the experience in Panama City’s historic center, “Casco Antiguo.” It describes some recent, innovative policies that have explored the intersections of tourism, affordable housing, employment, and culture in a historical context, and draws some general insights and lessons.

Global markets falling, the greatest economic recesion since the American Depresion... but Latin American Idol is here to save us! at least to remind us we still have what it takes to solve this.

Looking for apartments or commercial spaces for under $280,000 ? you can browse or website, or look at our map right here!

Every day, clients ask me about real estate prices in Casco Antiguo. So far, it has been difficult to organize, but I feel a word has to be put out there to educate both buyers and sellers on the reality of the market. So many times owners would price things out of range, or buyers would be confused by what might be a good deal or not. These charts might give you a good overview on what has happened on the latest transactions on both residential and commercial.

Last week the world went bananas on the trade market. A rollercoaster that has more than one at the edge of a heart attack, it has been really worrysome for all of us to see gigants fall and take with them everything they can. Markets in Asia, Japan and Europe have been affected. In Panama, however, things have been slightly different.

The World Bank is investing heavily in Panama. Yesterday, they announced that they are considering a $400 million dollar financing for the Panama Canal Expansion project.

"A Cultural Cornerstone" is today´s New York Times travel article about Casco Viejo, Panama, featuring our favorite hotel Canal House Panama as editor´s pick and businesses like Karavan Gallery and Indigo Restaurant. I love it when people visit, but the best for me is to live here...

In many countries, cultural activities fuel tourism, which becomes one of their main economic revenues. With Casco Antiguo, Panama has a unique opportunity to be launched into the world´s cultural map. Check out the details here...

An ambitious project is being announced: the World Bank and the Office of Casco Antiguo will invest close to $2M to promote cultural industries in the historic city. Here is the article in Spanish, by La Prensa...

KLM and Air France flights to Panama keep increasing. In a world where most air companies are actually doing the opposite, this is highly unusual. Learn why!

If you are planning to travel to Panama and exploring real estate will probably be part of the fun, this is the people you’ll need to meet:

I suddenly realized Casco Viejo might be in the middle of the most important Presidential Campaign of our times: John McCain vs Barak Obama. How?

A new client recently asked me “Is Casco Viejo gay friendly?” For a moment I had to think about the question. You see, growing up as a ballet dancer I never even gave a thought to it.

Panama has been growing very fast for the last 8 years. A "miracle" made by a curious mix of tourism, investment and other countries misfortunes (Alias Venezuela and Chavez or Colombia and the FARC). Although on the short term there´s been a great impulse by the construction sector, consider Panama´s big three big long term fundamental investments: the Panama Canal Expansion project (which has already started), the relocation of the regional office of very important companies such as Caterpillar, Maersk, Dell, Procter and Gamble, Aventis and finally the oil refinary project in Puerto Armuelles

Travel like a local with The Guardian. Surfing the web as I usually do, I found this article on Panama´s nightlife at The Guardian, featuring Casco Viejo. And not only Casco Viejo, but my favorite spots: Baños Publicos and La Casona! Check it out here!

The Fish Market rocks. It is at the very entrance of Casco Viejo, just off Avenida Balboa. A white and light blue building with the Japanese flag and the Panamanian flag on the top of the building (the new fish market installations where a donation of the Japanese government). As you approach, the characteristic smell of fresh fish will hit you: don´t get discouraged.

Calle 4ta is getting artsy! Galería Vida is Casco Antiguo´s new kid on the block, next to Entre Pulgas and to Casa Gongora. With years of experience in working with indigenous communities you can get high quality stuff at great prices!

Multiple websites and adds mention Panama as Paradise. Is it really? what about Casco Viejo?

Do you know what is SENACYT? find out! they are launching their 4th Technology and Innovation Awards with an amazing budget of 8 million dollars to distribute between the winners!

Last Saturday a nice article came out about Casco Viejo (which in Panama is known as San Felipe, Catedral, la Ciudad... so many names!). I looked for it in the electronic version of La Prensa, but couldn´t find it. So here is my translation and the original piece scanned at the bottom. It talks about speculation, restoration, patrimony (human and architectural) and what has been done in the past 10 years.

La Casona has a new home! wonderful (and huge) Citi Bank, just at the corner of Plaza Herrera. Welcome!

While everybody is excited today about Beijing´s dramatic opening for the Olimpics (which, by the way, where simply amazing! wao), another bright sun shined this morning over the newspaper as they announced

While the Panama Canal Expansion has gotten all the national and international media attention, oil companies like Occidental Petroleum (OXY) and Qatar Petroleum have entered almost through the back door...

A new business has opened in Casco Antiguo! It is called "Indigo", an oriental-mediterranean fusion restaurant ...

So few times we get to meet the faces behind the places. Daniel, Dan and David are the "3 amigos" from Luna´s Castle, Casco Viejo´s new youth hostal at the entrance of San Felipe.

Buying a restored apartment is one of the best investments you can make in Casco Viejo. It is an almost risk free enterprise where your costs are known and very little variation occurs. Also, you can get it rented almost immediately and your big gain is in the appreciation, so you can legally "sit on it" forever. But there are a couple of things you need to know.

Ciudad del Saber or City of Knowledge is literally a city within one of the former US military bases called Clayton. One of the most visionary compounds in Panama, it has become a technopark that holds universities, laboratories, incubators for young entrepreneurs and just all sorts of new stuff. If it is revolutionary, ground breaking, you can get in and benefit from a wide platform of incentives. So who is there and what is it exactly that they do? for example,

The Oficina del Casco Antiguo has been quite busy. From cultural events to the urban planning of the Casco there are very few aspects where they aren´t present. It´s Director is a dinamyc architect with a passion for historic cities, which makes it perfect. In this interview, he speaks about the train project , the advances against speculation, the controversial projects at Hotel Central and the old Club Union.

Panama will have a Renaissance Hotel (by Marriott) by 2011. This announcement was made by Edward Fuller, president and executive director for Marriott International in the region, who mentioned this would be an investment of about 40 million dollars. "Panama´s economics are strong and the hotel industry is in constant growth". Renaissance Panama Hotel is expected to have

Looking to open a business in Casco Viejo, Panama? Or maybe to rent an apartment? There is always limited product, but from time to time things will come to market (and get rented right away). I actually had to pull out 2 units while writing this issue!

Have you seen those TV shows where they take a one level house and turn it into a mansion or where they promise you to look at least ten years younger by changing your makeup, style or even surgery? I have seen some incredible human makeovers in a show that is all about plastic surgery. Well, in a way, restorations at Casco Viejo have the same incredible effects.

Ah! La Bella Roma! From the cradle of Western civilization to a huge melting pot, for those who have visited or lived in Rome it blows your mind away and steals a piece of your heart. But if you actually want to own a piece of Rome, you’d better be prepared to give also your kidney away (the good one), an eye and seriously consider adding up one of your lungs to sweeten the deal. Wao. The incredible thing isn’t that prices are astronomically high; it is that at over $20,000 US dollars per mt2 or $2,000 per ft2 people are still buying.

From time to time, I like refreshing some information that has been useful to my readers as where to stay and what to do in Casco Viejo is constantly changing:

Someone once told me that if he wanted to know who was going to win the elections he would ask a taxi driver. To know how a country is doing on the investment side, my taxi driver is called hotel occupation. Who is showing up and how frequently will tell you a lot about the current state and the future of a place. Check out the latest Panama news!

Ok. So Panama is about 20 years behind on releasing its E Commerce legislation, but ... hey! ... at least it is out there now! know more about it, download the law.

Often your best memories of places where you have been are actually from people you have met. In Casco Antiguo we are lucky to still have with us "antique" residents that are very much part of the different textures of this neighborhood. Miss Daisy is one of them...

Panama hosts DHL´s largest hub in the region. This small phrase means a lot for a country so small. But then again, Panama has always been in the middle of the Americas, joining land and separating oceans. From Columbus to the Colon Free Trade Zone, the phrase "all roads lead to Panama" might not be too far off...

This might be Friday the Thirteenth, but it not to worry, there is far too much excitement in Casco Viejo...

One of these days, the headline in La Prensa might read, “Tram Service in Casco Antiguo Returns”.

Most buildings are transformed in Casco Antiguo after two or more years...

The advantage of living in Casco Viejo is the variety of small shops within a couple of blocks of my home in Casco Viejo.

Casco Viejo, the jewel of Panama is also a UNESCO Heritage Trust site.

Meditating about what has value and what doesn´t is a profound activity, almost zen-like. It has to do with the fundamentals of the property, but on a bigger picture even that is subdued to one and only factor: what makes a human happy.

Entrepreneurship is a beautiful thing to see. Locals getting up by themselves and actively being part of Casco Antiguo´s revitalization. That is fantastic. VIP Fruits and Sandwiches is here!

Last night most of Panama´s socialites (or our version of it anyways) gathered in Paseo Las Bovedas, to the launch party of Quintessentially in Casco Antiguo. Don´t miss the photos, I´m sure they´ll be quite popular between some of our visitors...

Our friend Mary sent us this interesting article. I smiled at the phrase "the secret is out" since it´s been out for a while now, but a good word out is always welcomed!

Where to eat, where to stay and what to do in Casco Viejo, Panama. Restaurants, bars, theatres and more

Panama Real Estate Investments: In 2007, Panamanian economy grew 9.5%. This is Panama´s 4th year of sustained growth where the GNP per person has incremented 7.7%. Public debt was reduced (from 61% to 54%) and public investment increased. Find out more!