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.
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%.
The rise in prices in Costa Rica is encouraging foreigners looking to retire to increasingly turn their attention to Panama.
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.
The offer to buy BAC-Credomatic made by Banco de Bogotá confirms that Colombia’s large financial groups are seeking to expand their borders.
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