Come to the Caribbean in Panama for the Best Deals in Real Estate for Sale Anywhere

American retirees have been flocking to Panama and buying the real estate for sale in the Caribbean for the last ten years. They are attracted by the easy residency requirements and favorable tax laws. They are attracted by prices for Caribbean property in Panama below what they would pay in the United States or the rest of the Caribbean for comparable property.

Panama real estate has gone up in price the last few years but on price alone it is competitive with property in any other warm climate. What makes Panama real estate a better deal, especially Panama real estate for sale in the Caribbean, is that Caribbean property in Panama will continue to become more valuable for years to come.

Real Estate for Sale in the Caribbean in Panama and the Retiring Baby Boomer

It is easy to retire to Panama. To stay past a few months you need a long term visa. Panama makes residency easy by allowing a retirement visa for anyone who can demonstrate a pension income of $500 a month plus $100 per dependent. Buying real estate for sale in the Caribbean in Panama worth $200,000 or more qualifies the buyer for residency as a "person of means." In these two examples (There are more.) you can come and go from Panama as you wish. You can also walk the sandy beaches of that real estate now for sale in the Caribbean and never leave. These visas are renewable every five years.

United States income is not taxed in Panama. New homes on Panama real estate are free from property taxes for up to twenty years. Retirees who buy Panama real estate and stay as residents get the same benefits as retired Panamanians. There are discounts on doctor visits and prescription medications as well as your check at the restaurant and grocery items. Stand in your own line at the bank and pay less for your light bill.

Current Prices for Real Estate for Sale in the Caribbean in Panama

Bocas del Toro is a world famous tourist destination. But why come to visit and then leave paradise? Beach front real estate for sale in the Caribbean in the Bocas del Toro Archipelago includes bare lots ready for your house, and tax break, for $40,000. Developments on Caribbean property such as Bastamento Island offer homes on the water for $300,000. This set of islands is the stuff of dreams. Lounge around your house all day watching the waves and take the ferry into Bocas Town at night for dinner and entertainment. Return by moonlight to watch dawn over the Caribbean. For the Baby Boomer with a need for more space real estate for sale in the Caribbean here also includes an entire island for $2,000,000.

Real estate for sale in the Caribbean in Colon Province, Panama is under priced. For $5 a square meter which is $20,000 an acre one can purchase pristine beach front Caribbean property. Several of these parcels of Caribbean property of 35 acres to 10 square miles are within driving distance of Colon City on the Caribbean end of the Panama Canal.

Real estate for sale in the Caribbean in Colon itself is also under priced. Colon is the home of the Colon Duty Free Zone, second only to Hong's duty free zone in size and sales. Colon has always been the poor sister to Panama City but that is changing as Panama invests in infrastructure in the area and continues tax incentives to promote growth and prosperity in Colon Province. Now is the time to look for real estate for sale in the Caribbean in Colon.

Panama real estate generally is well priced compared to other locations. Panama real estate, especially real estate currently for sale in the Caribbean in Panama, will continue to gain in value for years to come. Look at that Caribbean property your have been thinking about and live in paradise.

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