If you've been to Panama...you won't find it surpising that construction grew over 25% there last year
I visited Panama last year to attend a conference and boy...what an experience. Panama is exploding with over 200 high rise condos and office buildings under construction right near the water. It's really hard to comprehend. I'd highly recommend getting into the heavy equipment/construction equipment rental business there.
This Bloomberg article discusses the amazing situation.
``There is no bubble here,'' Fernandez said, adding Panama is unlikely to experience a real-estate bust similar to the one that's occurring in the U.S. ``The world has discovered Panama and now they are investing.''
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