How did Casco Viejo come back to life?

The town of Casco Antiguo is actually the ‘Casco Viejo’ of the Panama City. In 1673, the unique Panama City was ruined by a bandit called Henry Morgan and then was re-established by the authorities. After the re-construction, the town of Casco Viejo became a very prosperous place and remained that way for a span of around 300 years.

A lot of people think that after automobiles were launched, the area was abandoned. The result of this was that it became very difficult for people to live there and move from there to the city centre as it was out of limits for Panamians. The phase of revival began when it got the status of UNESCO World Heritage Site in 1998 and the Panama Canal was given the honor in 1999. That is the time when a lot of businessmen, the government and a lot of other organizations began working to regenerate Casco Viejo Real Estate. As a result, the city became a dream place to live.

Various architectures like French, Spanish and American colonial, art nouveau and neoclassical were urbanized in the peninsula of Casco Viejo in the time period of 300 years of its glory. This is actually the reason why the look of the city is influenced by the Early American and French architecture and simultaneously is called as the ‘colonial city’. One of the architectural styles that developed between 16th and 18th century was the special homes which had a courtyard in them. This particular style later became a trade mark of the area. While giving the World Heritage rank, UNESCO said that this place has a special class that is not present in any other colonial city of Latin America. The only exclusion is New Orleans whose architecture standard is much lower.

The diverse combination of various architectural techniques has a link with the ancient role of Panama as world cross roads and every technique is like a symbol of the business across the oceans which took place through the Isthmus. The people of this place are an image of the local cultures. The city has been revitalized to great extents by the public and private divisions and places like museums, embassies, the Presidential Palace, ministries, restaurants etc have been re-established.

The current government is very much enthusiastic about the property market of the town and plans to do anything possible to make the city a good living place. Therefore, the real estate in Casco Viejo is surely a great option from the point of investment.