News

By Jeff Barton

At a time when many Panama City real estate companies are down-sizing, Punta Pacifica Realty is growing both its sales and rental departments.

The size of PPR main office in the Aqualina tower has almost doubled in recent months, which is the direct result of a dramatic 25 percent growth in sales. In May alone, PPR posted double-digit sales, one of the strongest months in the past year.

Part of the sales increase is attributable to an uptick in pre-construction and developer sales, the type of activity that illustrates a healthy market. But the bulk of the sales have involved investors looking for income property, such as Naos Harbor Island, one of the few projects in Panama City that allows short-term rentals.

Our investor clients are picking up high-quality units that offer immediate rental income. They recognize these prime units don’t come up very often.

PPR property management is also growing; the portfolio of property under management has increased by 15 percent. To handle the demand, property management has been expanding the service staff, ensuring each client receives top service.

PPR’s property management department, under the direction of Eddie Montes, is already the largest in the city. We take a different approach than many agencies, using in-house crews and support staff to quickly address any issues.

PPR’s affiliated in-house law firm, Panama Property Attorneys, has also been growing, as clients seek advice from experts with deep knowledge of the local property market.

We expect the growth to continue over the next few months. We’re receiving a lot of applications from great candidates, especially for sales positions.

Do you want to work for a growing international company? Do you want a job where your personal growth is encouraged? Contact us now.

The PPR Team