Panama Real Estate

By: Seth Willis

Panama's claim to fame may be the canal, but that's not all. This incredibly beautiful crossroad is a great place to live.

Arguably, Latin America's finest country, Panama has it all - balmy climes, crystal lakes, tropical forests, striking mountains, incredible landscapes, talcum powder beaches, modern shopping facilities, mouth-watering cuisines, diverse culture, rich traditions, and lastly, a significant, and growing real estate market. An international tourist destination, with world class infrastructure and finance facilities, Panama real estate is fast gaining favor among people from countries such as US, UK, and Europe.

Enjoy International Lifestyle

Panama is a country of contrasts with style, glamor, and classiness not found in many destinations. You can choose from modest to ultra luxurious properties on the countryside to affordable urban city chic apartments or modern and stylish condos by the ocean. But if you'd rather live in a colonial town house or beach bungalow then historically rich Casco Viejo in Panama City is the best choice. If blissful spring weather and mountain vistas hold more appeal, then Boquete and Volcan should be your first choice. These areas offer international infrastructure and are highly safe for retired people and others seeking a permanent piece of prime property. Panama real estate has a house and lifestyle for all and this is propelling Panama toward becoming one of the most popular countries for investment and retirement options.

Buying property in Panama is a steal! A furnished studio apartment can be yours for as little as USD 60,000 or you can pay a little more for ocean front condo that starts from USD 70,000 in Panama City. The city has excellent facilities and as a First World city, it can offer you the least expensive lifestyle in the world!

Natural Beauty and Trade

Apart from the gorgeous tropical climate and a low cost of living, Panama has a host of incentives and attractive schemes for retirees. The fact that Panama has a US dollar based economy it has garnered the reputation of being Latin America' s largest international banking center - the Colon Free Trade Zone and the Panama Canal.

Moreover, Panama has a stable economy with very low inflation rate and a very strong service industry. Much of Panama's GDP comes from the services sector. Also, with a high influx of tourists, growing each year, Panama has achieved the tag of being the 'most global' country in Latin America.

The recent and growing interest of foreigners in Panama real estate is a direct outcome of these factors. Furthermore, the government has announced a series of taxation breaks and incentive programs in an attempt to continue encouraging investments in real estate, thereby renewing interest in investors and expats who are looking for a profitable investment or an ideal second home outside their own country.

Excellent quality of life with over 14 national parks, more than a dozen of forest reserves, miles, and miles of protected coral reefs, with over 1000 species of birds and unique ecosystems add to the appeal of this incredible land!

If someone asks you, 'Why Panama real estate?" you can name a million reasons, but the prime amongst them will have to be friendly warm people, stable economy, a safe environment suitable for family people, and the best infrastructure in central America! Need we say more?

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