Engel & Völkers Announces Expansion in Panama

The global luxury real estate brand continues expansion in Central America with its first shop opening in Panama City, Panama.

Engel & Völkers announced its entrance in Panama today with its newest shop opening in Panama City. Ciara Caponi and her team will now operate as Engel & Völkers Panama, becoming the premier destination for high-end real estate services in Panama.With more than a decade of experience in the real estate industry and a background that includes working with one of the top developers in Panama, Caponi brings a wealth of expertise and a deep understanding of the Panamanian market to this partnership. She is a member of ACOBIR (the Panamanian Association of Real Estate Brokers and Promoters), and holds a CIPS (Certified International Property Specialist) designation. Caponi is fluent in English, Spanish, and Italian, bringing a multilingual advantage to her clients. Engel & Völkers Panama specializes in the sale and rental of high-end residential, commercial, and land properties in Panama’s top areas and developments.“We are thrilled to introduce Engel & Völkers to Panama, further strengthening our global presence,” said Anthony Hitt, president and CEO of Engel & Völkers Americas. “Ciara and her team have a proven track record of excellence in the Panamanian real estate market. Their dedication to providing tailored services and their extensive portfolio of top-tier properties align perfectly with Engel & Völkers’ commitment to delivering the highest standard of client service.”Panama’s real estate market is characterized by its strategic location, strong international demand, and favorable tax and legal structures. The country offers a unique combination of benefits, including political stability, a first-class communication structure, a dollarized economy, a sophisticated banking system and an excellent quality of life, making it an attractive destination for international buyers and investors. Panama boasts a diverse topography, with both Atlantic and Pacific coastlines, mountains, and a bustling urban landscape in areas like Avenida Balboa, Casco Antiguo, and Costa del Este. Engel & Völkers Panama specializes in the sale and rental of high-end residential, commercial, and land properties in Panama’s top areas and developments. With a focus on serving high-net-worth individuals and international clients, including those from Canada, the USA, Colombia, Peru, Ecuador, and Spain, as well as multinational companies, they will offer a range of upscale properties, with a significant emphasis on apartments, houses, and new developments.“Engel & Völkers’ global presence and reputation, coupled with our local expertise, will elevate Panama’s luxury real estate scene,” said Caponi. “We offer a safe, tax-friendly, and diverse environment for those seeking a second residence, fiscal residency, or investment opportunity. Engel & Völkers Panama will be the go-to firm for luxury real estate in Panama. Engel & Völkers Panama is poised to transform the Panamanian luxury real estate market by providing international exposure, innovative marketing strategies, and a dedicated sales team.”The firm serves various markets, including Costa del Este, Santa Maria, Avenida Balboa, Casco Antiguo,Marbella, San Francisco, Coco Del Mar, Boquete, Coclé, and Pedasí.To learn more visit panama.evrealestate.com.