An investor with over 15 years of experience running multiple companies, Hilt Tatum IV also harnesses his expertise in his charitable work. Through organizations like Impact Housing Corporation, Hilt Tatum IV expands affordable housing access, addressing housing price increases in the country.

Nationally, Panama’s real estate market faced consistent growth, with notable differences depending on the location and property type. In Panama City, rent rose by about seven percent, succeeding a similar increase of 10 percent in 2021. The sharpest increases happened in areas dense with corporate office space, reflective of employers reopening in-person work after the COVID-19 pandemic.

Residential property changes, though more nuanced, also presented promising numbers. Projects like those in David, announced in March 2022, will consist of nearly 200 single-family, waterfront homes with additional amenities. This type of construction project planned or carried out in Panama City at locations like Avenida Balboa already sold at higher prices than the surrounding areas due to their location. However, the pandemic reduced rents throughout 2020 and 2021. However, starting in 2022, rents approached pre-pandemic amounts, though buyers may still find them affordable.