Released on: October 10, 2007, 7:20 am

Press Release Author: Andres Canales

Industry: Real Estate

Press Release Summary: The real estate hype of Panama City, Panama is well founded,
but it\'s the country\'s less-promoted regions that behold some of the most beauty and
best value.

Press Release Body: The small Republic of Panama has been reaching new heights in a
real estate industry recently that's taken Central America by storm. However for
those baby boomers who think they're too late for a piece of the action, small new
pockets of development in the country's charming countryside are offering cheaper
and more unusual investment opportunities.

Many Americans are bypassing the hype of city real estate in Panama to uncover true
gems of the "interior" where ocean view property and large parcels of land offer
truly great values.

"Just a few steps further" assured Clint Ogden, a forty three year old insurance
lawyer originally from Manhattan. "This will be one of the best views you'll ever
seen in your life."

And it most certainly was. Ogden, not unlike a small handful of similar expats in
Panama, was a seasoned Manhattan professional who several years ago turned in his
suit and briefcase for the more enviable vocation of watching sunsets from atop his
oceanside cattle farm in Pedasi, one of Panama's up and coming investor
destinations. He cited the country's retirement benefits, infrastructure, and
near-perfect climate as the main guilty parties.

We walked a hand-laid stone path up to a small viewing area where Ogden had set up
big pillows on an inviting couch, complete with a holster for his bottle of Miller
Light. He outlined the boundary of his farm which ran for miles nestling up neatly
against the sparkling ocean, including his gorgeous villa and trails for hiking.
Then, almost on cue, we watched as falling sun set the Pedasi sky ablaze.

"Travelers and investors to Panama will be interested in authentic destinations"
alleged Casey Halloran at this year's Panama AMCHAM event: one founded on the theme
of sustainable or as he calls it "authentic" tourism. Halloran, owner of the
nation's top online travel agency Panama Luxury Vacations
(http://www.vacationtopanama.com), believes new age travelers are looking to
experience less the resort or city type atmosphere and more something eco-friendly
and unique.

People like Clint Ogden seem to echo this notion to a tee. "Panama City real estate
is great, don't get me wrong" said Ogden, "but it was these gorgeous rolling hills
and these friendly people in Pedasi that really felt like something special. The
price tag didn't hurt either" he chuckled. Ogden purchased his 10 acre ocean view
finca for under $200,000 in 2006 and is currently in the process of selling
individual parcels to people just like him. "We couldn't risk the natural disasters
in Florida any more and prices in Costa Rica were out of our price range. That's
when we came across Panama's Azuero Peninsula and Pedasi when we were astounded by
its beauty and value."

Experts in Panama real estate are quick to point out that beyond the glitz and
glamour of major resorts and cosmopolitan Panama City, the Republic has some of the
most pristine coasts in the region. Matt Landau, Founder of The Panama Report
(http://www.thepanamareport.com) was quoted last month stating, "the real estate and
tourism potential of coastal regions in the Los Santos and Veraguas provinces
(Azuero Peninsula) is staggering.for investors alone, the deals available in these
regions are sometimes one tenth the price of Costa Rica and in many opinions just as
exquisite."

A number of baby boomers making their way down to Panama, just like Ogden, are
coming dejected from Costa Rica where real estate prices have skyrocketed to
inappropriate levels. And when they stumble across towns like Pedasi, they're
intrigued by fantastic roads, access to electricity, and general first-world
amenities not usually associated with rustic coastal living.

In fact, Pedasi is so primed for investment that it made Landau's list of Under the
Radar Hotspots in his Panama Real Estate Report
(http://www.thepanamareport.com/real-estate-report/panama-real-estate-report-439.html)
which was released this past Spring. "Where else you could score a piece of ocean
view property with this kind of infrastructure for this little money I don't know"
he claims. "Whether you're looking to retire to sublime sunsets or simply make a
lucrative investment, Panama's road less traveled is definitely a great way to go."

According to Halloran, Panama's eco-tourism boom is just underway so it appears that
investors and retirees alike will have several years to snatch up sunsets as
beautiful as these. And from atop Ogden's hill, the lights of booming Panama City
and the bustle from his previous life in the US seem blissfully far away.

Web Site: http://www.thepanamareport.com

Contact Details: Panama City, Panama
sales@thepanamareport.com
507-211-0877