Panama Property: the Best Investment in Real Estate

The secret is out. Panama is the place to go. For the last ten years an increasing number of Americans have bought Panama property for second home or purchased panama real estate and retired in this country at the crossroads of Latin America and the world. The home of the Panama Canal connecting Atlantic and Pacific Panama has the best deals in investment property, retirement real estate, and second homes in the world. This country at the junction of North and South America is in the midst of an economic boom involving Northern buyers of Panama property, foreign investment and Latin Americans moving to Panama for good paying jobs.

Latin Source quotes last year's economic growth as being 11.2% in Panama.

All those successful retirees can't be wrong. Panama is a great place to live. The weather is tropical and unlike the Caribbean islands Panama property do not need to board up when hurricanes come. Owners of real estate in Panama have never had to rebuild after an earthquake unlike other countries in Central America. Panama investment property is on a steady rise with no end in sight.

Variety and Value in Panama Property

Panama has two sea coasts, the Caribbean and the Pacific. There are a few entire islands left to purchase in the Bocas del Toro Archipelago as well as beachfront lots for $40,000. Check out the surfing, scuba diving, and sport fishing on the Pacific coast of Veraguas Province. Buy Panama property there and live in paradise.

From Boquete to el Valle to Cerro Azul there is Panama real estate in the interior highlands that is not only a good Panama property investment for you but also a chance to live the lifestyle of your dreams surrounded by natural beauty.

Panama property in the interior highlands starts for a low as $30,000 for a lot in David, Chiriqui Province and Panama real estate goes as high as you want for a luxury estate with a view of Volcan Baru from Boquete or the Pacific from Cero Azul.

Besides the Beauty and Besides the Price: Tax Laws and Easy Residency in Panama

Panama forgives property taxes for the first twenty years on new construction. There are also subsidies on Panama real estate mortgages up to $62,500 (soon to go up to $80,000). Investment in Panama property is an excellent idea for retirees as evidenced by the flood or pensioners from the US the last few years. Panama allows you to take out residency papers if your pension income is $500 a month plus $100 a month per dependent. Anyone who can purchase property worth $200,000 or more is eligible for a "person of means" visa. Both types of residency are long term, renewable every five years. In this case you should follow the herd. Come to Panama, buy Panama property and watch your Panama property investment appreciate every year while you settle in to enjoy life in this friendly country where English is widely spoken and dollar bills are the national currency. (The Balboa is fixed at 1:1 with the dollar and Panama does not print its own paper money.)

Latin Source