Monday AM July 13th, 2009

American experts are discovering Panama. A seminar is set for this weekend to spotlight investment and retirement opportunities in Panama, as Ed Mayberry reports.


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Panama has been booming since the U.S. gave it full control of the Canal Zone in 1999.  Many Americans look abroad for investment and retirement opportunities, or for vacations or second homes.  Lyle Burke with Tropical Pathways takes groups to Panama several times a year.

“We start in the greater Panama City area, we fly up into the highlands and Boquete and we fly over to the Caribbean side and do some exploration there.  So you really get to see the highlights of the country and decide if that’s even for you, because it’s been my experience in the past that people need to be sold on the country, and then they’ll decide from there what they want to do.”

The consul general of Panama will be speaking at the weekend seminar, as well as experts in retirement and residency programs, real estate law, banking, healthcare, relocation services and property management.  Burke says, along with Mexico and Costa Rica…

“Panama is arguably in the probably top three of retirement destinations now for North Americans.  It’s very, very user-friendly.  The government is stable.  It’s an absolute modern country with all the modern amenities.  It’s actually surpassing Costa Rica in retirement numbers and investment in the country.”   

The Panama seminar is this Saturday afternoon at Vargo’s Restaurant on Fondren.  Ed Mayberry, KUHF Houston Public Radio News.

image of Panama City

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