Contents
A foreign investor weighing up Panama no longer starts on a property portal: they ask an AI assistant “which project do you recommend” and get a short list. Radar Panamá set out to measure what that list is. This is the third edition of the Radar AI series, after the studies on immigration lawyers and dental clinics.
How the study was done
Two AI assistants with real-time search and no paid subscription were used: Perplexity and Brave AI. Each was asked the same ten questions, five in Spanish and five in English, half about developers and half about projects or areas:
| Spanish | English |
|---|---|
| ¿Qué proyectos residenciales me recomiendas para invertir en Panamá siendo extranjero? | Best residential projects in Panama for foreign investors |
| Mejores desarrolladoras inmobiliarias de Panamá | Top real estate developers in Panama |
| ¿Qué proyectos de apartamentos recomiendan en Santa María, Panamá? | Recommended apartment projects in Santa María, Panama City |
| Mejores proyectos residenciales en Panamá Oeste para invertir | Best residential projects in West Panama (Panamá Oeste) for investment |
| ¿Qué desarrolladora recomiendan para comprar apartamento en preventa en Ciudad de Panamá? | Which developer should I buy a pre-construction apartment from in Panama City? |
Every developer and project named was recorded, with its order of appearance. An entity counts once per answer. The queries were run on September 26, 2026 from Panama. One Brave answer (West Panama in English) included no summary; that leaves 19 answers with names: 8 about developers and 11 about projects.
Developers ranking
Ordered by the number of answers in which they appear, out of a maximum of 8 (the four developer questions in two engines).
| # | Developer | Mentions | Perplexity ES / EN | Brave ES / EN |
|---|---|---|---|---|
| 1 | Grupo Los Pueblos (GLP) | 8 | 2 / 2 | 2 / 2 |
| 2 | Empresas Bern | 6 | 1 / 2 | 1 / 2 |
| 3 | Grupo Valor | 3 | 0 / 2 | 0 / 1 |
| 4 | Urbania Developer | 2 | 1 / 0 | 1 / 0 |
| 5 | Grupo Provivienda | 2 | 0 / 1 | 1 / 0 |
| 6 | Haus Panama | 2 | 0 / 0 | 2 / 0 |
| 7 | AZ Developers | 2 | 1 / 0 | 1 / 0 |
With a single mention: Alta Mar Developments, Altius Group, Boquete Valley of Flowers, Buenaventura, Centennial Developers, Colonnade Group, Corcione & Asociados, Desarrollo Bahía, F&F Properties, GK Properties, Grupo Sucasa, Grupo Suárez, Grupo VerdeAzul, Ideal Living, Inmobiliaria Pacific Hills, London & Regional (Panamá Pacífico), Multi-Proyectos (CMI), Norte Promotora, Pacific Developers, Ruben, Strohm Teka and TheVelopers.
Projects ranking
Ordered by the number of answers in which they appear, out of a maximum of 11. Variants of the same development are grouped (Ocean Reef, Panamá Pacífico).
| # | Project | Developer | Mentions | Perplexity ES / EN | Brave ES / EN |
|---|---|---|---|---|---|
| 1 | Oceana Residences & Sky Homes, Santa María | GLP | 6 | 2 / 2 | 1 / 1 |
| 2 | Bosco di Santa María | GLP | 5 | 1 / 2 | 1 / 1 |
| 3 | The Ivy, Santa María | F&F Properties | 4 | 1 / 1 | 1 / 1 |
| 4 | Ocean Reef Islands, Punta Pacífica | GLP | 3 | 1 / 0 | 1 / 1 |
| 5 | Corotú, Santa María | Grupo Valor | 3 | 1 / 1 | 1 / 0 |
| 6 | La Maison by Fendi Casa, Santa María | Durex Property Group | 3 | 1 / 0 | 1 / 1 |
| 7 | Panamá Pacífico (Centriqo, Parterre, Bosques, Hill Ridge) | London & Regional | 3 | 0 / 1 | 1 / 1 |
| 8 | Bayside, West Panama | GLP | 2 | 0 / 1 | 1 / 0 |
| 9 | Playa Dorada, Vacamonte | GLP | 2 | 0 / 1 | 1 / 0 |
| 10 | Celeste, Santa María | — | 2 | 0 / 1 | 1 / 0 |
| 11 | Guayacán, Santa María | Grupo Valor / UDG | 2 | 0 / 1 | 1 / 0 |
With a single mention: Alamedas del Valle, Altair, Arcadia, Armonía Cinta Costera (GLP), Be Living, Fincas Bayside (GLP), Generation Tower, Gesti 68, Ipanema Residences, Jardines de La Mitra, Living 73, Mantra, MOVA Residences by B&B Italia, Park Lane Santa María, PH Las Lajas, Playa Caracol (GLP), Praderas de Arraiján, Santa María Residences, The Colonial, The Regent, Vanguardia, Vervana and Westin Residences.
Adding up its developments, GLP projects account for 21 of the 60 project mentions, more than a third, and three of the five most cited projects are theirs.
Santa María, West Panama and the rest
Santa María
The area with the most agreement. All four answers name Oceana, Bosco and The Ivy; Corotú and La Maison appear in three. The AI compares sizes, delivery dates and amenities using data from santamariapanama.com and thepanamalink.
West Panama
Two different maps. Perplexity in Spanish recommends affordable houses in Arraiján and La Chorrera (Urbania, Praderas); Brave and Perplexity in English recommend Playa Dorada, Bayside, Playa Caracol and Panamá Pacífico.
Foreign investor
The most scattered question: 19 different projects in four answers. Only Oceana and Ocean Reef repeat. Brave in English goes to Costa del Este and Punta Pacífica; Perplexity to Santa María and Obarrio.
Pre-construction
The AI answers with developers, not projects, and adds the same checklist: financing bank, performance bond, delivered buildings, contract reviewed by a lawyer.
What each engine prefers
Perplexity reads the developers’ websites, pre-construction portals (thepanamalink, propilatam, panamaequity) and directories, and builds tables with entry price and size. Brave summarises third-party guides and articles, including GLP’s own project guide, which was its first result for the West Panama question in English. Of the 65 entities, only 14 appear in both languages: most mid-sized developers exist for the AI only in Spanish.
Why one project appears and another does not
- One page per project with hard data: size, bedrooms, delivery, amenities and entry price. The AI copies them into its tables. Projects without a public fact sheet do not make it in.
- Presence on pre-construction portals and comparison guides. Corotú, Celeste and Guayacán appear because thepanamalink and panamaequity list them with prices.
- An English version of the developer’s site. GLP and Bern have one; most mid-sized developers do not, and they vanish from half the queries.
- Citable external recognition. The LADI awards appear in three answers as an argument for GLP, Bosco and Multi-Proyectos.
- Own content that answers the question. GLP’s “best projects” guide was cited by both engines. The developer that publishes the comparison gets cited.
“Grupo Los Pueblos is widely recognized as Panama’s largest and most diversified real estate developer, known for iconic master-planned communities like Ocean Reef Islands and Albrook Mall.”
Limits of the study
- It measures visibility, not quality or returns. A project appearing means the AI found enough public information. It is not an investment recommendation.
- Answers change. The same engines may give different lists another day. The series will be repeated every quarter with the same questions.
- Two engines. ChatGPT, Gemini and Copilot will be added in the next edition.
- No sponsorship. No developer was consulted or paid to appear. Companies that are commercially supported content clients of Radar Panamá appear exactly where the engines placed them.
Want to see Oceana and the other GLP projects in detail?
Inversiones y Negocios en Panamá, a portal specialising in investment opportunities, real estate projects and advice for those who want to invest or settle in the country, publishes fact sheets and analysis of each Grupo Los Pueblos development and handles enquiries from foreign buyers.
See Oceana, a luxury real estate investment project in Panama
Frequently asked questions
Which real estate developer does AI recommend in Panama?
Grupo Los Pueblos (GLP) is the most recommended by Perplexity and Brave AI: it appeared in all 8 answers about developers. Empresas Bern follows with 6 and Grupo Valor with 3.
Which residential project does AI recommend in Panama?
Oceana Residences & Sky Homes in Santa María is the most mentioned project, with 6 appearances, followed by Bosco di Santa María (5) and The Ivy (4).
Which area of Panama does AI recommend for investment?
Santa María is the area with the most agreement across engines and languages. Costa del Este and Punta Pacífica follow for the foreign investor, and West Panama (Playa Dorada, Bayside, Panamá Pacífico) for entry price and a long horizon.
Does appearing on the list mean the project is a better investment?
No. It means the AI found enough consistent public information. The study measures visibility, not returns or construction quality.
How can a developer appear in AI answers?
With one page per project including size, delivery and entry price, presence on pre-construction portals, an English version, citable recognition and own content that answers the question.
Related articles
- Best residential projects in Panama for foreign investors
- Oceana Residences & Sky Homes in Santa María
- Buying property in Panama as a foreigner
Sources
- Radar Panamá, log of 106 observations in Perplexity and Brave AI, September 26, 2026. Literal questions in the methodology section.
- Perplexity and Brave Search, answers generated with web search.
- Panamanian Chamber of Construction (CAPAC).
- Image: Darren Miller on Unsplash, free licence.
Ask about this article
Type your question and we will show you the answer inside this article or in other Radar Panamá publications.
