Caribbean Real Estate for Sale in Panama
Looking for Caribbean real estate for sale? Take a look at Caribbean real estate for sale in Panama. We have a tropical climate but no hurricanes. The Caribbean coast of Panama has unspoiled natural beauty in a country with a first world infrastructure.
Panama has a stable, democratically elected government and very attractive tax and residency laws. There is 20 year forgiveness on property taxes for new construction. If you would like to live in Panama residency can be obtained by purchasing property of $200,000 or purchasing a CD in a local bank for the same amount. A resident visa allows you to come and go as you wish and is renewable every five years. Purchase Caribbean real estate for sale in Panama and retire here taking advantage of Panama's easy residency requirements for pensioners.
Great Values in Caribbean Real Estate for Sale in Panama
Starting at the Costa Rican border there is Caribbean real estate for sale in the province of Bocas del Toro. On the Island of Colon in the Bocas del Toro Archipelago there is a 5000 sq. ft. property consisting of three studio cabanas over the water, a boat dock with lift over the sea and a garage on the street. This unique property is being offered for $349,000. Live in one unit and rent out the other two.
On the small Island of Carenero next to Isla Colon a three bedroom, two bath island style waterfront home with a covered boat dock is offered for $445,000. This quiet tropical Caribbean getaway real estate for sale is only a short boat ride away from the facilities of Bocas Town.
A pair of two bedroom, two bath homes are for sale in Bocas Town. The owner is asking $275,000 each or $525,000 for the two. Live in one, rent out the other. Both homes are registered for the 20 year tax exemption for new construction. This is another example of buying Caribbean real estate for sale in Panama and using the income from the same property to support yourself.
Also in Bocas Town a three bedroom, two bath home is going for $150,000.
A parcel of Caribbean real estate for sale near Colon consists of 15 acres of natural forest with 2000 feet of lakefront on Lake Gatun, the main passage of the Panama Canal. This is being offered for $198,000. This property has lake views on two sides and is 10 minutes from a large supermarket by road through a National Park. There is no through traffic on the road. Live here a beautiful seclusion on this Caribbean real estate for sale in Panama or develop parts for sale to pay for your investment.
In the city of Colon a one bedroom apartment ten minutes from the duty free zone is going for $35,000.
Also in the city of Colon Caribbean real estate for sale includes studio and one bedroom apartments in a fully managed condo hotel start at $42,000.
Continuing Value When You Buy Caribbean Real Estate in Panama
Despite the run up in prices in the last ten years in Panamathere still great deals. Continuing road improvements are making previously remote areas more accessible. Panama is very careful about protecting its natural environment so expect to see natural beauty maintained as access is improved.
Caribbean real estate for sale is likely to continue to appreciate for years to come and likely appreciate substantially around Colon in the near future. Come to Panama and check out the Caribbean real estate for sale here. Come to Panama and stay in paradise.
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