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Bocas del Toro, Caribbean Property for Sale in Panama
Looking for Caribbean property? Take a look at Bocas del Toro property 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 Bocas del Toro property and retire here taking advantage of Panama’s easy residency requirements for pensioners.
Great Values in Bocas del Toro Property
Near the Costa Rican border there is Caribbean property 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 property 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 property 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.
Continuing Value When You Buy Bocas del Toro Property in Panama
Despite the run up in prices in the last ten years in Panama, and the recent flooding in bocas del toro there 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.
Bocas del Toro property is likely to continue to appreciate for years to come. In fact the entire Caribbean coast of Panama is likely to appreciate substantially all the way to Colon in the near future. Come to Panama and check out the Caribbean property for sale here starting with Bocas del Toro. For information about other real estate in Panama, such as bella vista panama please feel free to contact us.
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