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Come see the condos in Panama City, Panama, today's premier retirement destination. Experience the excitement of the capital city of Panama on the land bridge connecting North and South America. Taxes are low and despite the recent land boom prices are lower than comparable property in the USA, Europe or the Caribbean.

Current prices for condos in Panama City include an 1102 sq. ft. condo in Costa Sur for $33,680 and a 2604 sq ft unit in beautiful San Francisco for $375,000. Units under construction in Punta Pacifica will run from $330,000 to $1,000,000 for spacious condos with a spectacular view of the Pacific. Think of sipping your Panamanian coffee as you watch container ships on the horizon approaching and leaving the Panama Canal.

There is new construction everywhere you look in Panama City. If you have a little time before relocating think of buying in the late "pre-construction" phase. For a fraction down you can hold your price until the building is done. Investors frequently buy in this phase and then resell as the building opens multiplying their investment. Ask a reputable realtor such as ABPanama for their advice. This might be your best route into that 30th floor view of the Pacific.

A Panama City Condo, a Retirement Destination

Panama recently has assumed a new identity-destination for retirees and snowbirds looking for an interesting place to relocate. Expatriates coming to Panama are nothing new. Whether for business or pleasure, they have been arriving here for the 100 plus years of Panama's existence. They encounter a new country, new language and new culture. And, now they find Panama a dynamic country that is continually growing and changing.

Life in a Condo in Panama City

You will like the activity, shopping and night life of the capital of Panama. There are Panama City condos overlooking the Pacific Ocean and in up scale San Francisco and el Dorado. There are Panama City condos close to malls to compare with the USA as well as shopping in the calles of Calidonia to match any trip to Mexico. Restaurants in the capital city include mom and pop operations with sancocho and arroz as well as elegant Italian cuisine in el Cangrejo.

Buy your condo in Panama City and enjoy not paying property taxes for up to 20 years on new construction. In Panama you only pay income taxes on money you earn here.

The New York Times says:

[despite] the price increases, property here remains a fraction of what one would pay for similar real estate in the United States. And with enticements like a 20-year suspension of property taxes to those who build houses or renovate in a historic district, and an income tax hiatus for those starting some small businesses, the opportunities are appealing not only for those seeking a place to retire but also for entrepreneurs.

Come to Panama and look. You will buy a Panama City condo and enjoy life in this exciting tropical paradise. You will enjoy the value and tax breaks you get for buying property here for years to come.

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