Panama: 10 Properties to be Auctioned

The starting value of the offers on properties located in the districts of Ancon, Albrook, Clayton and Balboa (Panama), and Arco Iris y Espinar (Colon), varies from $21,000 to $990,000.

An article in Panamaamerica.com.pa states, "The first batch to be auctioned on 1st February 2012 is one located in Ancon with an initial value of $128,401 and 93 cents.

The economic benefits received by the state from the auctions directly affect the income of the Development Trust Fund, according to the official website www.mef.gob.pa / UABR. "

Source: Panamaamerica.com.pa

More on this topic

Property Auction in Panama

February 2012

The Ministry of Economy and Finance has announced the auction of two lots located in Albrook and Los Llanos.

From a press release from the Ministry of Economy and Finance:

Two lots located in Albrook and Los Llanos de Curundú will be auctioned by the Administrative Unit of Reverted Areas at the Ministry of Economy and Finance in the last week of February.

Panama Auctions Building for $ 1.5 Million

February 2011

On February 15 will take place a public auction for a building in Espinar, Colon Province, for the amount of $ 1,457,130.

The auctioned property is of mixed commercial and residential use, with a total area of 6,256.67 square meters.

Also in February the Administrative Unit of Reverted Land of the Ministry of Economy and Finance (UABR) will auction two lots in Colon: one located in Davis for a starting bid value of $ 106.747 and another in Margarita for $ 74.995.-

More Property Auctions in Panama

May 2012

The Administrative Unit of Reverted Properties in the next few months will continue with the sale by auction of properties with great potential for investment.

The land in Clayton CL-22, with an area of 4,715.88 m2, has an estimated value of B / 825,279.00, and is zoned as low-density residential and medium intensity and will be awarded to the highest bidder.

Sale of Reverted Assets Promoted in Inmobilia Expo

January 2012

With the aim of fostering and promoting the sale of properties in the reverted areas, the Ministry of Economy and Finance will participate in Expo Inmobilia ACOBIR 2012.

A press release from the Ministry of Economy and Finanzas reads:

With the aim of fostering and promoting the sale of properties in the reverted areas, the Management Unit for Reverted Property at the Ministry of Economy and Finance (MEF) will participate in Expo Inmobilia ACOBIR 2012 from 1st to 5th February at the ATLAPA convention center .