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Real Estate News Releases
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(EMAILWIRE.COM, October 16, 2008 ) Panama City - TheMoveChannel.com, the leading international property portal, announces a number of new development projects launched in Panama City:
- Trump Ocean Club (£141,570, 1 bed, terrace, fully furnished)
- Playa Blanca (£161,260, 3 bed, flexible rent programme with usage rights)
Properties in Panama are unlikely to be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Panama City and its sites.
Casco Viejo
Casco Viejo - also known as San Felipe or Casco Antiguo - is the historic centre of Panama City. ItÂ’s an area of decaying colonial grandeur, striking architecture, peeling paint and decrepit, flower bedecked balconies.
UNESCO declared Casco Viejo a World Heritage Site in 1997. ItÂ’s a city within a city and one from a different age, offering an unusual blend of architectural styles, most notably ornate French and Spanish influenced buildings.
At its tip lies the French Park, a monument to the French builders who began constructing the Panama Canal in the 19th century.
On the walkway around the monument, visitors have a panoramic view of the Amador Causeway, the Bridge of the Americas and of Panama City's skyscraper skyline to the east. A plaque on the walkway commemorates the firing of canon shots to drive away a Colombian warship and consolidate Panama's independence from Colombia in 1903.
Casco Viejo has some excellent museums, including the Interoceanic Canal Museum, which traces Panama's history from pre-Hispanic to modern times and the amazing story of how the canal was constructed.
Panama Canal
This man-made phenomenon is one of the seven wonders of the modern world and joins the Pacific and Atlantic oceans.
One of the largest and most difficult engineering projects ever undertaken, the canal has had an enormous impact on shipping between the two oceans, replacing the long and treacherous route via the Drake Passage and Cape Horn at the southernmost tip of South America.
The concept of a canal in Panama dates back to the early 16th century, but the first attempt to construct one began in 1880 under French direction. After this attempt failed and saw more than 20,000 workers lose their lives, the responsibility of building it was taken over and completed by the United States in the early 1900s, with the canal finally opening in 1914.
The building of the canal was plagued by problems, including disease (particularly malaria and yellow fever) and a number of landslides. By the time the canal was completed, nearly 30,000 workmen were estimated to have died during the labour put in by the French and the Americans.
The length of the Panama Canal is approximately 51 miles and since its opening, the canal has been enormously successful and continues to be a key conduit for international naval trade. The canal can accommodate vessels from small private yachts up to large commercial vessels.
Skyscrapers
The Panama City skyline is pierced by numerous spectacular skyscrapers. With more than 110 high-rise projects being constructed and 127 already built, Panama City is placed 65th in the world for the amount of tall buildings it contains.
The tallest completed building in Panama City is Torre (Tower) Aqualina, which stands 210 m (689 ft) tall.
For several years, Panama City's skyline remained the same, with only a handful of buildings exceeding 150 m (492 feet). At the beginning of the new Millennia the city experienced a large construction boom, with new buildings rising up all over the place.
In 2009, Panama City will have two super-tall skyscrapers when the Torre Planetarium and the Torre Central are completed.
Dan Johnson, Managing Director, comments:
“So with stunning skyscrapers, a historic centre full of character and a man-made wonder, it’s easy to see why Panama City is so popular as a place to visit, reside or basically just experience.”
For more information on Panama Property and the market in general please visit http://panama.themovechannel.com/
- ENDS –
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650
TheMoveChannel.com
Jon Moore
020 7952 7658
j.moore@themovechannel.com 
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