Casco Viejo in Panama , a mystical and colonial place, with old 100 year old houses that belonged to aristocratic families, to later become boarding houses have now transformed into an interesting market for national and foreign investors.

Currently in Casco Viejo in Panama , silently, millionaire restructuring projects and the sale of projects in the area are being done and eventhough, it has nothing to do with a massive offer in Casco Viejo in Panama .  Thanks to the tax incentives for investors in Casco Viejo in Panama , the prices of some houses are high, comparing to the existing in Punta Pacifica or Punta Paitilla.

It turns out it is expensive to live in Casco Viejo in Panama , due to its historic value from colonial times and for being declared monumental group in 1976 and a year later, decreed cultural heritage by UNESCO.  The restored square meter in Casco Viejo in Panama oscillates between 850 and twelve hundred dollars, thus there must be a delicate balance between the architecture and the art.

There are 940 properties in Casco Viejo in Panama , of these 747 are private and of which they have only been able to restore 70 houses, since in the last years there weren’t that many investments, because people were dedicated to buying and selling without restoring the properties of the Casco Viejo in Panama .

Foreigners like U.S. citizens, Holland, French and Canadians have been buying properties in the Casco Viejo in Panama .  In addition, 90% of the houses are private and many of the proprietors are deceased, and for that reason, they do not claim these heritage goods in the Casco Viejo in Panama .

The Casco Viejo in Panama plans to change into a center for tourism, gastronomy and secure residences, due to this a nocturnal surveillance plan has been created in the Casco Viejo in Panama between the Ministry of Government and Justice and the National Police.

With regards to the accessibility, at the Casco Viejo in Panama a feasibility study is being done that includes the restoring of the streetcar that use to transit in the Canal Zone area.  The parking lots at Casco Viejo in Panama are a key point for investing in Casco Viejo in Panama , since from the beginning public space was not considered, for the transit of automobiles through Casco Viejo in Panama .

Equally 200 parking spaces that belong to the Panamanian Institute of Tourism (IPAT), have been habilitated in Casco Viejo in Panama , these were previously used as storage for other institutions of the area of Casco Viejo in Panama . In addition, they are planning to habilitate three additional spaces in Casco Viejo in Panama that could be rented on a monthly basis.

In the restructuring that are being done in Casco Viejo in Panama they are actually working with former gang members that paint, file and clean the structures of the Casco Viejo in Panama .  They are also planning to educate to dwellers of the Casco Viejo in Panama, in order for them to work daily in the housings of Casco Viejo in Panama that will be shared as a “second home” by the foreigners.

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