Buy Property in the Caribbean; Come to Panama for Paradise Free From Hurricanes

Have you ever heard of a tropical paradise that has never had a major hurricane? Buy property in the Caribbean in Panamawhere do not have hurricanes. Caribbean property in Panama also does not have earthquakes. The only things you will find in Caribbean Panama are untouched natural beauty, great people, a first world economic system, a local currency that uses the dollar, and steadily rising property values. By the way, Panama does not tax your US income and residency requirements are fairly simple.

Invest, vacation, live part time, or retire and buy property in the Caribbean in Panama. Watch your property appreciate in value for years to come. Purchase Panama property in the Caribbean and live in the city of Colon or enjoy the sandy beaches and great sailing of Colon Province. Buy property in the Caribbean in Panama and enjoy the isolated beauty of the Caribbean coast of Veraguas Province or take the boat to your enchanted island in world famous Bocas del Toro.

Americans have been in Panama since the building of the Panama Canal and, in fact, Americans founded the city of Colon in the California gold rush days. But, Americans "found" Panama again about 10 years ago. Caribbean property values have increased as more Americans have moved and retired here. However, if you buy property in the Caribbean here in Panama you will find lower prices than for comparable property in the USA, Europe, or the rest of the Caribbean.

Value in Caribbean Property in Panama

Although for $2,000,000 you can buy large, beautiful properties in the Caribbean there are lots of great deals and lots of variety. But, a few $2,000,000 items first.

Buy property in the Caribbean for $2,000,000. You can have your choice of 3000 acres with a 1000 meters of beachfront Caribbean property in Los Mosquitos Gulf, or you can buy 44 acres of Caribbean beachfront property with 656 feet on the gulf in Costa Abajo, or 300 acres on the mainland of Bocas del Toro with a white sandy beach and road access all go for $2,000,000.

On the other hand (la otra mano) a 300 square meter lot in Bocas Town, Bocas del Toro goes for $90,000 and a half acre Bocas del Toro lot with ocean view goes for $119,000.

A five acre lot of private rain forest with a five bedroom, six year old, Spanish style home, goes for $450,000 a few minutes from the city of Colon.

Advantages if You Buy Property in the Caribbean in Panama

Buy property in the Caribbean in Panama and enjoy the tax laws (no taxes on US income), the discounts (Americans who seek residence as retired persons get discounts of medications, doctor's visits, restaurants...), and no hurricanes. With a pension of as little as $500 and $100 per dependent you can file for residency as a retired person (jubilado) and stay indefinitely. In addition, there are no property taxes for up to 20 years on new construction and profits made from developing ecotourism projects are free of income tax for 15 years.