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Only a few studios remain in DSR's Bala Beach development in Panama and apartment units are selling fast.

Set on more than 20 acres of picturesque Caribbean coast, Bala Beach is one hours drive from Panama City, and just minutes away from some of the most interesting landmarks in Panama.

Nearby, historic 16th century forts, coral reef communities, and coastal forests dot the landscape of the 34,846 hectare national park. While inside Bala Beach, tennis courts, swimming pools and Jacuzzis are just some of the many free amenities that make up the resort.

Prices start as low as £40,000 and as Panama is America's number one holiday destination, rental yields upwards of 10 percent can be expected, in some cases rising as high as 18 percent. Property prices have already increased by 50 percent in the last two years.

Bolstered by this solid growth in real estate, as well as growth in construction, banking and shipping sectors, the economy grew by more than 10 percent in 2007 - one of the fastest economic growth rates in Latin America over the past three years.

Panama currently has the highest GDP per capita in South America, yet its huge economic growth is likely to continue for at least ten years. The country has been largely driven by its inter-oceanic canal, and with the expansion due to be completed in 2014, Panama's GDP growth is expected to double or even triple.

Add to this the likely September signing of a free trade agreement with the U.S and the future looks bright. In 2007 alone, Panama and the United States exchanged more than $4 billion worth of goods - nearly twice as much as just four years ago. The free trade agreement will build on this vibrant trade relationship by immediately eliminating tariffs.

All the above makes Panama an excellent place to invest in property, for short-term gains and/or long term security.

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