Latin America Title Opens in Panama

With an investment of $2 million, the Costa Rican representative of Chicago Title, Latin American Title Co., has opened operations in Panama.

Friday, May 29, 2009

Latin America Title Co. was registered in Panama as an insurer, being the first to provide property title insurance and third party fund management services in transactions involving the purchase of real estate in the Panamanian market.

An article in Elfinancierocr.com reported: "In addition to the traditional customer in this region who is a United States citizen buying a second home for retirement, Chicago Title Panama is looking to have commercial groups and hotel chains from the nation, or who are just about to enter the country, among its customers."

More on this topic

Panama Overtakes Costa Rica as Retirement Destination

January 2014

The rise in prices in Costa Rica is encouraging foreigners looking to retire to increasingly turn their attention to Panama.  

The rising cost of real estate in Costa Rica is forcing foreigners to look at other countries in the region in their search for a place in Central America to use as a second home for retirement.

The Office Market in Costa Rica

October 2013

In the last year the country has built about 120 thousand square meters of new class A and AB office spaces, and recorded an availability rate of 11.9%.

In recent years, Costa Rica has become one of the major markets for offices in Latin America, ranking eighth in creation of supply in this sector, according to a study by the US real estate firm Jones Lang LaSalle (JLL).

Trump Ocean Club Debt Restructuring

November 2011

Holders of bonds issued by Newland International Properties Corp. are willing to become partners in the project because the developer does not have the necessary capital for the next repayment.

On November 15, Newland International Properties Corp., developer of Trump Ocean Club International Hotel & Tower, is due to pay $31 million in amortization of capital to holders of bonds issued to finance the Trump Ocean Club.

Colombian Banking in Central America

June 2010

The offer to buy BAC-Credomatic made by Banco de Bogotá confirms that Colombia’s large financial groups are seeking to expand their borders.

An article in Portafolio.com.co remarks that BAC has so far not responded to the Colombians. The financial website also lists the international operations of Colombia’s financial institutions such as Colpatria, Davivienda and Bancolombia.

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