Hi André,
I find the format perfect for this bay with the red roofs in the foreground providing color and the sky lightly painted with clouds.
More rows might also increase the foreground presence. Could you share how you constructed the panorama? There seems to be finer detail in the large boat than in the houses on the hillside to the left? I guess it might be that they are further away!
The picture is somewhat soft and maybe you prefer minimal contrast. I'd guess that a gentle S-curve might add punch to the water and clouds.
I hope you have more of this area. It seems like a great place to live, although I know nothing about the place; tell us more! Thanks for sharing and adding to our Panorama collection.
Asher