Real Estate for Sale in Panama is Still the Best Value

With the increasing number of second home buyers and retirees moving to Panama prices of property in Panama have risen over the last few years. Nevertheless, Panama real estate for sale today is still a better value than comparable property, if there is any, in the United States or Caribbean islands outside of Panama.

Panama Real Estate for Sale: Bases for Comparison

Usually a person will look at square footage of a house, acres of land, numbers of bedrooms, as well as location. Is the property beachfront or in a upscale neighborhood? Then a person compares prices. Comparing by these criteria Panama property does well. Despite the run up in prices Panama property is priced better than the US, Europe, or the Caribbean, not counting the Panama coast.

But this is Panama! In Panama, unlike the Southern US coast and Caribbean islands we do not worry about the hurricane forecasts when we fly back to the US to visit family. Panama real estate for sale does need to be boarded up every year in fear of high winds. Panama, unlike other parts of Central and South American, has never had to rebuild its cities after an earthquake. Standard property valuation of Panama real estate for sale does not reflect these facts. Buy Panama real estate for sale and don't worry that insurance on your Panama property will become unaffordable after the next natural disaster. We don't have these in Panama.

The Future and Panama Real Estate Value

This section also has to do with property value as opposed to price. The US is sliding into a recession, awash in a sea of debt and failed mortgages. Although property that is typically compared to Panama property still sells for more today it probably won't in years to come.

Panama is experiencing a boom, maybe more than one boom. There is the retirement boom with Americans taking advantage of Panama's easy residency requirements and buying property in Panama. There are also second home buyers looking to Panama real estate for sale to invest in Panama property or simply to find a getaway in paradise.

The other boom is Panama's dramatic economic expansion fueled by foreign investment. Panama is at the crossroads of the Americas on the land bridge between North and South America. Panama connects the Atlantic and Pacific through the Panama Canal. High rises are going up all over Panama City adding to the list of Panama real estate properties for sale. The Panama Canal Authority has just started a project to more than double capacity with a second, wider set of locks. Projects such as an oil pipeline across the isthmus and refinery facilities, auto assembly plants taking advantage of Panama's position by the canal, and continual improvements in roads, airports, ports and telecommunications are driving an economic expansion likely for last for many years. All of these projects enhance and will continue to enhance value of real estate for sale in Panama.

Price, Value, and Natural Beauty

Panama has the world beat on price and likely appreciation of property. There is one more item to consider. Panama has areas of great, unspoiled natural beauty such as el Valle. The Panamanian government intends to keep it so. This prosperous little country at the crossroads of the world provides housing in places of tranquility and soul healing vistas such as Volcan as well as a first world economy and up to date services. Come look at that Panama real estate for sale that you were thinking about.

For more information on Panama real estate tours, contact us. Or, ask us your questions now.