Majagual is a fishing town located just 20-30 minutes from Panama City. and here are a few pro's and con's for living and/or investing in Majagual.
Pros for investing in Majagual
1. The real estate in this area of Panama offers beautiful ocean views and beach frontage within a distance of the city that can be commuted daily. The drive ranges from about 20-30 minutes to downtown Panama, and only 10-15 minutes to get to Balboa, Panama which has just about everything one could need or want for everyday living including shopping malls, domestic airport, full scale grocery stores, pharmacies, video rentals, vet and medical clinics, and post offices.
2. Former US Howard Airforce Base which is located just in front of the area of Majagual, and former Rodman Naval Station recently received approved legislation to become a free trade zone for the Pacific
3. The real estate located along the West Bank of the Panama Canal, was not available for any type of development until the Panama Canal was turned over to Panama in the year 2000. Given the geography and current growth of Panama City, along with the breathtaking views of the Pacific Ocean and Panama Canal, and the proximity of the real estate along the West Bank of the Panama Canal to Panama City, it is inevitable that this area will soon prove its worth as a real estate investment.
4. The first of the developments to go up along this precious strip of real estate, is a Resort area on the road to Majagual, about 5 minutes from the actual area of Majagual. The resort is being built by InterContinental Hotels Group (IHG), the world's largest and most global hotel company, and Empresas Bern, Panama's largest hotel and tour group operator.
Cons for Investing in Majagual:
1. The road to Majagual though paved and fairly well maintained, does have the occasional pothole. Also, it is a curvy road and unlit during the night.
2. To get to Majagual you must drive through the fishing village of Veracruz. Like most fishing villages Veracruz is comprised of quaint, simple homes.
Is Panama The New America
Panama fun facts.
1 - Panama has NO hurricanes
2 - Panama has a thriving Metropolitan city in Panama City
3 - Panama has secure banking institutions
4 - Panama has a climate for everyone, city, beaches, mountains
5 - Panama uses the US Dollar as its currency
6 - Panama is a short flight from many major cities in the USA
7 - Panama has many English speaking folks, Spanish is the main language
8 - Panama welcomes foreigners to live and work.
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