Black River also known as the Rio Negro, borders the Panama Real Estate Project, on the western slope of the Azuero peninsula in Panama. On the front side of the Panama property its all oceanview, four miles from the ocean. The Panama Collection currently has 102 acres available, and 16 lots of Panama Land. Panama property with riverfront or oceanview is still available. If interested please visit www.ThePanamaCollection.com and you too can own a piece of paradise with oceanfront view.

Just another reason to purchase the Panama land for sale, you can enjoy nature’s beauty. Deep sea fishing is just one of the various activities that Panama has to offer!

Panama Land For Sale Video - View from the Ocean Ridge Estates, real estate offered by The Panama Collection as some of their land for sale in Panama. Great views of mountains, looking out over the peninsula and on to the beautiful islands that line Panama’s coast line, tucked away up in the hills, protected from Panama’s high humidity usually found near the water. The Panama Collection is offering premium acreage lots of untouched land for sale at very reasonable prices, which present a great opportunity to invest in a tropical get away where fishing and wildlife are abundant. Property investments in Panama are booming, due to the excellent infrastructure compared to other South and Central American countries.

Please visit www.ThePanamaCollection.com for more information about buying investment and vacation properties in Panama.

However, you need to be very careful when buying property in Panama through a real estate agent. Fraud is rampant throughout Panama, and little is being done to stop it. In 1999 the Real Estate Technical Board (Junta Technica de Bienes Raices) of the Republic of Panama was formed. Supposedly this government agency has the power to consider complaints arising from any real estate transaction, and to impose any sanctions that are deemed necessary. This includes anything from a reprimand up to a revocation of an agent’s license, so they can no longer sell real estate in Panama. This all looks good on paper, but in fact the Board has proven to be almost completely impotent in stopping real estate fraud in Panama.

Case in point: My first real estate purchase in Panama was done through a company called Great Land Panama. The owner of the company, Khadine Smith, defrauded me out of thousands of dollars when she charged a 30% commission. She then turned around and stole $20,000 from the landowner, by not paying him the price that was in his contract.

I had to talk with five attorneys before I could even find one who knew how to file a formal complaint with the Real Estate Board. The complaint was filed in May of ’08, after which I heard nothing for more than six months. Finally in Dec ’08 I was able to get in touch with a senior official on the Board. He informed me that this particular agent had four other complaints against her, involving millions of dollars. The Board had not yet investigated any of these complaints, but he assured me that they would “get around to it very soon.” Bottom line – she is still out there ripping off unsuspecting foreigners, and will probably continue doing so for the foreseeable future.

So what is one to do? It’s fairly simple; make sure that you either work directly with the landowner or with a foreigner who is already developing a project, with no intermediaries. I personally know several “gringos” in my area of the Azuero Peninsula who are working on various projects, and none of them used an agent for their real estate in Panama. If you don’t speak Spanish I can help you with translation services, as well as guiding you through the entire process of purchasing real estate in Panama. Feel free to contact me, I would be happy to help you in any way I can.

First of all, there are many similarities. Both Panama and Costa Rica have mountains, oceans, beaches, volcanoes, tropical rain forests, zip line tours, hot springs and exotic wildlife. Both countries have more residents who speak English in the bigger cities, while very little English is spoken in the more remote areas. Both countries have similar temperate climates, and both are quite beautiful. I honestly can’t think of a single good thing about Costa Rica that you can’t also find in Panama.

The differences between the two countries are significant. Lets begin with the Panama roads that are well maintained in comparison to the terrible pot hole roads in Costa Rica. Not only that the cost of living in Panama is much more inexpensive than in Costa Rica because of the Panama canal and its huge port advantages. When thinking of visiting or living in Panama, the currency exchange rate is less of a frustration. Even traveling into the capital cities are a different experience from one another. You can feel much safer with lower crime rates in Panama than in Costa Rica. Finally, the ultimate winner, purchasing real estate in Panama is at a fraction of the cost of what it would be for the same piece of land in Costa Rica.

However, you have to make time for fun in Panama, and for me that means fishing. We went out twice, all around the southwestern edge of the Azuero Peninsula, and the fishing in Panama was great, like usual. We’ve been catching alot of fish with the butterfly jig system that is becoming so popular in Florida. Go to Shimano’s website and you can learn all about it.

We got lucky with the weather; it can be rainy in Oct-Nov, but we had great conditions all week long. I’ve attached a photo of a fish that my girlfriend caught – I think it’s an African pompano, but I’m not sure. Any ideas?

On a side note, I have found the people in Panama City to be much friendlier and more helpful than in San Jose.

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