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Welcome to episode #13 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.
Discover the evolving real estate landscape of Panama through an insightful conversation with Eric Van Hoorde, the past president of FIABCI Panama and owner of Van Hoorde Realty. Learn about how government incentives are attracting multinational companies to the region. We shed light on prime neighborhoods like Costa del Este and Santa Maria, ideal for high-return residential investments, and examine the growing appeal of beach and mountain regions for expats and retirees, influenced by remote work trends.
Considering a move to Panama? We delve into the nuances of purchasing property as a foreigner, including the benefits of the Permanent Residence for Qualified Investors visa. Eric explains how foreigners can buy property without needing a visa and the educational options for families, ranging from American and Panamanian to international schools, ensuring a seamless transition for expatriate children. Eric discusses diverse industries represented by over 140 multinational companies now operating in Panama, boosting its economic landscape.
The luxury real estate market takes center stage in our discussion of the Bioma project in Costa del Este; high-demand, amenity-packed apartments including terraces, high ceilings, and facilities like a two-star Michelin restaurant and a heliport. With 70% of units sold within ten months, Bioma represents a promising investment opportunity. We also address practical considerations such as maintenance fees and the absence of selling restrictions for non-residents.
About the Guest - Eric Van Hoorde:
With more than 24 years in the Real Estate sector of Panama, Eric has extensive experience both nationally, in unions, and in the private sector, and internationally representing Panama. He has a Master's Degree in Business Administration with an emphasis in Finance, as well as a Bachelor's degree in Economics and Finance from the University of South Florida. He also has various certifications from the NAR (National Association of Realtors, USA), such as CIPS, ABR, CRS, SRS, and was International Realtor of Year 2018, being the only Panamanian to have received this distinction.
About the host - Hugh Gilliam:
Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.
Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.
For real estate professionals looking to take their business to the next level, check out Global Property Pros!
He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.
Hugh's Designations Include:
- Certified Luxury Home Marketing Specialist
- Certified Distressed Property Export
- Certified International Property Specialist
- Certified International Investment & Immigration Specialist
- Transnational Referral Certification
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