Caribbean Property Sales are Booming in Panama and for Good Reasons

Why are Caribbean property sales booming in Panama? The real estate market in Panama, including the Caribbean coast, has been appreciating for about ten years. This has been driven by an increasing number of American retirees drawn by attractive residency requirements and a dollar based economy. Panama has a democratically elected government and is politically stable.

Additional reasons for the boom in Caribbean property sales in Panama include increasing foreign investment throughout Panama. Panama is investing in its future with the Panama Canal expansion, infrastructure improvements such as road improvements, and laws subsidizing low income mortgages on houses and apartments. Property taxes are forgiven for the first twenty years on any new construction. Americans can and do buy property here and can take advantage of the same laws.

In addition to attractive investment and tax laws Caribbean property sales are booming in Panama because it is a great place to live. From Bocas del Toro down to Colon City there is unspoiled natural beauty. You can boat around the islands of the Bocas del Toro Archipelago (or take the ferry) to your island getaway and return for a night in Bocas Town. You can walk the sandy white beaches of Colon Province of sail the crystal clear waters along the coast. Unlike the rest of the Caribbean Panama does not have major hurricanes.

If you are adventurous, or just ahead of the crowd, you can look at Caribbean property sales on the Caribbean coast of Veraguas Province, Panama. This coast is more remote from the industrialized world, unspoiled, and provides you with a chance to relax in a virgin tropical paradise.

Retirement in Panama

Caribbean property sales to American retirees have steadily increased in the last ten years. Panama law makes residency easy for retirees. Purchase of property and or a CD in a local back totaling $200,000 qualifies you for a "person of means" visa. $500 a month from your social security or pension plus $100 for each dependent qualifies you for retirement status here. In both cases you have a long term visa, renewable every five years.

Continuing Value in Caribbean Property Sales in Panama

Panama is steadily improving its infrastructure including improving access to its areas of natural beauty. Caribbean property sales in Panama are expected to increase with more efficient access the treasures of this tropical paradise. When the new main road from Panama City to Colon is completed property values around Colon and into Colon Province in general are expect to escalate. Look into Caribbean property sales in Panama now and stay ahead of the curve.

Caribbean property sales are expected to increase in Colon Province as well as Panama continues to improve roads in the province thus connecting Caribbean coastal areas to Colon City. Look into housing developments around Colon or search out your own beach front getaway. For a little a $450,000 there are beach front Caribbean property sales in Panama of thirty or more acres ready for development.