Back to the real estate search. La Posada is on our “list” so we decided to go back a poke around on our own. All we had to do was wear our hardhats and we had the run of the building. Every building in Casco Viejo is classified by the government with respect to it’s historical importance (one being the most important, usually government buildings) La Posada is a Class Three. Being a Class Three means the restoration cannot alter the facade, roofline or other portions of the building visible from the street. They can remove or alter interior walls. In La Posada they erected a new steel frame on the inside to support new concrete floors and a modern roof - from the exterior it will restored to it’s original condition.

The work done so far is pretty good, but the problem with construction in Panama usually turns up in the final phases - the finish work. Makes it difficult to make a decision when the work is in progress. Towards the end of the month we will be able to meet the developers (two brothers from the U.S.) so we might be able to get a better idea what the finished product will be like. Today, it’s on our list - but we are still determined to look at other options before we start reaching for the checkbook.

One the way back to the apartment we saw this real estate speculator - just hanging around checking out the area.

Take care.

Tags: Casco Viejo, Real Estate