You are here :: Panama Real Estate » Panama-real-estate » Live-in-panama

In the last ten years a steady stream of foreigners has come to live in Panama. This democratic country of four million on the narrowest part of the Americas is the site of the Panama Canal. Panama is also the site of beautiful beaches on both the Caribbean and Pacific. Panama has a first world economy and up to date services. Panama has virgin rain forests a few miles from upscale malls and pristine beaches a few hours from North American cities.

Because of Panama’s easy residency laws retirees have come to live in Panama making it the world’s premier retirement destination. Panama does not tax foreign income and Panama does not restrict the purchase of property by foreigners. Retirees who live in Panama get the same discounts on everything from groceries to medical care that Panamanian retirees get.

Live in Panama and purchase Panama property at substantially less than comparable property in North America, Europe, or the Caribbean Islands. Panama property has gone up in recent years and with the current economic boom property you purchase in Panama will likely appreciate even more for years to come. Many foreigners who live in Panama also invest in property in Panama continuing to make money in retirement.

What does it Cost to Live in Panama?

The cost to live in Panama is much less for North Americans than back home. Home grown groceries are as little as half the price and often fresher for having been picked closer to the market. Although imported items will be as much or more than North America items such as medicines have a discount of 25% for retirees.

Services When You Live in Panama

Health Care is very inexpensive and many of the physicians are trained in North America or Europe. In fact Panama is a referral center for much of Latin America for medical specialties. Because of the high quality of health care here medical tourism has caught on and patients fly from the USA to get equal quality elective surgery at half the cost of the same procedures in the USA.

What to Do When You Live in Panama

Panama has world class sport fishing, great scuba diving, and Pacific beaches well know for their surf. There is plenty of white sand to walk on and island in the Caribbean and Pacific are waiting for you to dock your boat.

Eco tourism is popular in the central highlands and the Darien. Indigenous areas, Comarcas, are also popular for tourists or those who live in Panama and want to expand their horizons.

Panama City with excellent services and a million people has great restaurants and entertainment as well as condos with fortieth floor views of the Pacific and the mountains of Panama’s interior. Nearby housing in the old Panama Canal Zone provides modern facilities close nature next door and modern malls less than an hour away.

If you want to live or invest in Panama come to see us at ABPanama. We have over 23 years experience managing real estate portfolios and do business throughout the country.