Caribbean Real Estate in Panama, Paradise with No Hurricanes and Tax Breaks to Boot

Retire to the Caribbean in Panama with no hurricanes, or earth quakes, and for less! Try the Caribbean coast and costal islands of Panama. You can purchase beach property in the Provinces of Bocas El Toro, Veraguas or Colon all on the Caribbean and at still low prices.

No Hurricanes in Panama

There has never been a major hurricane to hit Panama and there are no recorded earthquakes. The Caribbean coast of Panama is blessed with beautiful tropical weather, surfing, and no danger of earth quakes or hurricanes. Come and buy your Caribbean real estate here and live in beauty and safety.

Value of Caribbean Real Estate in Panama

Although housing costs have gone up in the current real estate boom there is still great value to be had in Caribbean real estate in Panama. Panama real estate in general is still inexpensive compared to properties throughout the Caribbean not to mention in the United States and Europe.

The Caribbean coast of Veraguas province has some of the best unspoiled natural beauty in the world. Real estate prices on the Caribbean cost are very affordable in this remote location close to nature. Despite its relative isolation the Caribbean Coast of Veraguas Province is still only a few hours from a major airport.

Caribbean real estate in Colon Province is very competitive. An eight room, five bedroom home on a five acre lot sell for $450,000.

In Bocas del Toro mainland lots of Caribbean real estate start at $46,000 and a 22 acre island lot with water frontage goes for $250,000.

Tax Breaks with Caribbean Real Estate in Panama

New construction on real estate on the Caribbean coast of Panama is free of property taxes for up to 20 years. An older property appraised at $100,000 is taxed at 1% of $100,000 minus $30,000, namely $700 a year. In addition, Panama Law 8 provides many incentives for developing ecotourism projects including write offs of income taxes and property taxes for as many as 15 years.

Another tax break is that you pay income taxes in Panama only on income earned here. If you do work here the rates are much better than the USA. They start with 2% on your first $3000 and work up to a 30% tax rate for $200,000 a year.

Panama has a first world economy at lower prices. There are large areas of untouched natural beauty in Panama Caribbean real estate. Property still is inexpensive compared to the USA and Europe. Panama has become the premier American retirement destination outside of the USA. Come to see inexpensive Panama Caribbean Real Estate and stay for the culture, the tax breaks, the great weather, and no hurricanes in Panama.

Fortune Magazine talks about living for "free" in Panama. Come and check out Caribbean Real Estate in Panama. Once you check us out you might just decide to stay for a lifetime.

Free in Panama