You are here :: Panama Real Estate » Panama-locations » Caribbean-re-forsales

Caribbean real estate sales in Panama continue at a steady pace. Over the last several years Panama has become the number one retirement destination world wide. Americans in increasing numbers are choosing Panama whether for retirement residency, or for vacation property, or as an investment in this growing economy.

Panama

Caribbean real estate sales in Panama are growing along with the country of Panama. This crossroads on the land bridge between North and South American links the Atlantic and Pacific with the Panama Canal. Tocumen airport in Panama City is fast becoming the major hub for all of Latin America. Panama has up to date telecommunications, road, airports, and shipping facilities.

Caribbean real estate sales in Panama are doing great because people like coming to a country with a democratically elected government, a strong infrastructure with the largest per capita US investment in Latin America, and tropical weather without hurricanes.

Residency requirements here are easy and relatively inexpensive. For example a retiree can file for residency and pay just $500 a month plus $100 per dependent and stay indefinitely. Caribbean real estate sales in Panama are doing well because moving here is easy. Just don't get too relaxed here in paradise and forget to renew your residency every five years.

Caribbean Real Estate Sales and Property Values in Panama

Despite the run up in real estate prices on the Caribbean coast sales of property continue at a steady pace. This is because Caribbean real estate sales in Panama go for less than comparable property in the US, Europe, or the rest of the Caribbean. It is also because Panama is a great place to live.

In the Bocas del Toro Archipelago island of Isla Colon there are sales of Caribbean beach front real estate going for $60,000 for half an acre, $100,000 for an acre, and $145,000 for two acres.

A one acre lot in Bocas Town is offered for $65,000 and mainland lots of 1/4 acre start at $50,000.

Sales of half acre beachfront Caribbean real estate development lots on the island of Bastimentos go for $127,000. These lots have 75 feet of waterfront per lot.

On Isla Carenero a 1 1/4 acre lot suitable for commercial use is offered for $75,000.

Caribbean Panama real estate sales are ready to take off on the coast of Colon Province, Panama. With new road improvements many previously difficult to reach areas are opening up to development. The completion of the new main road from Panama City to Colon will make the trip less than and hour and is expected to substantially increase Caribbean real estate sales in the Colon, Panama area on the Caribbean end of the Panama Canal.

In Costa Abajo on the Colon Province coast Caribbean real estate sells at $480,000 for 120 acres of beach front property. Another parcel of 37.5 acres is being offered for $450,000. Both of these are developer's dreams come true. Expect sales of these Caribbean real estate gems soon.