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Panama's real estate market grew in 2010 due to increase in tourism, having U.S. Dollar currency, growing economy, good medical care, and low cost of living. Tourism grew by 6% and it was estimated that 1.9 million would visit Panama in 2011. [43] Panama was now experiencing a buyer's market because of a condominium over supply.
In Panama, a corregimiento is a subdivision of a district, which in turn is a subdivision of a province. It is the smallest administrative division level in the country; which is further subdivided into populated places/centres.