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Volume 14, Number 1
January 6 - 19, 2008


business & economy

Also in this section:
New year rides in on a wave of inflation
Bejuco fixer-uppers

Looking back at 2007's main economic stories
Push comes to shove over Changuinola River hydroelectric dam

Business & Economy Briefs

Bejuco fixer-uppers

Compared to California or New York, housing prices in Panama are still a bargain. However, if you think that you can find prime beach front property at a few pennies per square meter, you are either a member or relative of the political class or your dreams are not well connected with reality. Still, there are deals to be had.

Might this shell of a house on the Pan-American Highway on Bejuco be such a deal? Probably not. As a physical reality, it could probably be rebuilt into a pretty little house. That this has not happened is probably an indication that the structure encroaches onto a public right-of-way and thus that it can't be legally owned.

Then there are people who live on their boats. That may not be so cheap as one might imagine, and not only due to the old maxim that a boat is a hole in the water into which one pours money. There is a concerted effort, aided by the government, by a few politically connected individuals to control the marina business so one is seeing higher fees to anchor or dock a boat than previously applied. Then there is the matter of many marinas being high-crime areas, where thieves will strip your valuables off of your boat while you are away.

Still, if you're looking to buy a fixer-upper boat, the one shown below is for sale, along the Pan-American Highway in Bejuco not far from the shell of the house shown above. This vessel is of a model more typically used for small-scale commercial fishing than for residential purposes, but title is probably not a problem.

Photos by Eric Jackson



















Also in this section:
New year rides in on a wave of inflation
Bejuco fixer-uppers

Looking back at 2007's main economic stories
Push comes to shove over Changuinola River hydroelectric dam

Business & Economy Briefs

Editorial | Opinion | Letters | Arts | Review | Community | Fun | Travel
Unclassified Ads | Calendar | Outdoors | Dining | Science | Sports | Español | Front Page
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Make the Executive Hotel your headquarters in Panama City --- http://ww.executivehotel-panama.com
Find the boat of your dreams through Evermarine --- http://www.evermarine.com

 

© 2008 by Eric Jackson
All Rights Reserved - Todos Derechos Reservados
Individual contributors retain the rights to their articles or photos

 

email: editor@thepanamanews.com or

e_l_jackson_malo@yahoo.com


Cell phone: (507) 6-632-6343

 

Mailing address:
Eric Jackson
att'n The Panama News
Apartado 0831-00927 Estafeta Paitilla
Panamá, República de Panamá