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Panama is a democratic country with political stability and a thriving economy. The days of political turmoil, instability, and civil war in Central America are long gone. Manuel Noriega is serving his second prison sentence, in France this time. Panama does not want him back, ever. Things are too good here to even think of a return to a strong man dictatorship. The political discourse in Panama is active, labor strikes abound and everyone has money to spend.

Panama

For those who did not already know Panama is the last country going south before you get to South America. Being the narrowest point in the Americas at 50 miles it is the site of the Panama Canal. With the new Panama Canal Expansion project the already busy canal will double its capacity in a few years.

Panama is a tropical paradise bordered by the Caribbean Sea and the Pacific Ocean where there is world class sport fishing. Panama sports a first world economy along with areas of undisturbed tropical rain forest. In the last ten years North American retirees have made Panama one of the world's most preferred retirement destinations.

Real Estate Investment in Panama

Both the steady flow of retirees and second home buyers from North America have helped establish a strong high end housing market in Panama. Investment in real estate has helped many retirees prosper in their "semi" retirement.

Commercial property is especially attractive in Panama as the economic boom here has no end in sight. The need for goods and services is matching the improving payrolls and property values. Rental to local businesses allows one to prosper with the economy as, unlike the low end of the housing market, commercial property has no rent controls.

Political Stability and Investment in Panama

Panama's government is friendly to investment. New home construction is free of property taxes for twenty years. Houses valued at less than $80,000 receive a subsidy to offset mortgage interest.

Despite a lively political discourse and labor strikes there is no visible risk of a return to Noriega style strongman politics here. Investment in Panama is raising all ships and no one, labor, industry, or the government wants to rock that boat.

Investment in Panama

Panama has the highest per capital investment from the USA of all Latin American countries. Besides the USA there are many other foreign investors here. Projects range from improvement and expansion of container shipping facilities and Panama ports to Latin American headquarters and training centers for international corporations.

From the North American's view tourist related projects have been the way to go. However, as Panama's economy matures Panama is taking greater advantage of the Panama Canal. The Panama Canal is no longer just viewed as a transit point but as an opportunity to develop assembly facilities for parts and raw materials throughout the world in order to ship finished products to the Americas, Europe and Asia. Panama real estate investment is moving into training facilities, shipping support, boat repairs, and whatever else the world needs to support transport.

If you have an interest in Panama real estate, investment in Panama, or our take on the advantages of Panama's political stability come talk to us at ABPanama. We have over 23 years experience managing real estate portfolios and would be pleased to help you prosper in Panama.