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Caribbean real estate prices in Panama have gone up the last few years with the influx of second home buyers and retirees purchasing Caribbean Property. Nevertheless, Caribbean real estate in Panama still sells for less than comparable property in the US, Europe, or the Caribbean Islands. But, don't just look at current price comparisons. Look at opportunity. Look to the future.

Owners of Caribbean real estate in Panama benefit from attractive Panama tax laws. New construction is free of property taxes for up to twenty years. Mortgages on lower priced property, soon up to $80,000, receive mortgage subsidies. US income is not taxed in Panama. The most important benefit to purchasers of real estate in the Caribbean in Panama is Panama's steadily growing economy. The value of Caribbean property in Panama will grow with Panama for years to come.

Panama has a stable, democratic government. US investment in Panama is the highest per capita of all Latin American countries. Ever since the US handed over the Panama Canal investment in Panama has skyrocketed. Construction projects are popping up all over the country. The Panama Canal Authority has started an expansion project to add another set of locks to more than double the capacity of the canal. Property values throughout the country will appreciate in Panama as the economy booms for years to come.

The Opportunity in Real Estate in the Caribbean in Panama

There is new construction Caribbean property up and down the Caribbean coast of Panama. There are also previously undeveloped areas coming up for sale in Costa Abajo and other regions in Colon Province. Colon is the city at the Caribbean end of the Panama Canal. The province is benefiting from Panama's continuing road improvements. In areas such as Costa Abajo coastal regions previously only reachable by boat will soon have direct road access to Colon City. Large parcels of up to ten square miles are for sale at prices of around $5 a square meter which translates to $20,000 an acre. There are already hotel and marina developments on the Colon Province coast where sailing is excellent and the beaches are sandy. This real estate in the Caribbean is a great opportunity to turn back the clock to somewhat lower prices before development around Colon drives prices up to current Panama property levels.

Colon City is likewise underdeveloped. Colon is the site of the Colon Duty Free Zone and has great potential both on the Caribbean coast and around nearby Lake Gatun. When the new main road is completed from Panama City the trip city to city will take less than an hour. Local experts expect that Caribbean property values around Colon will multiply in the years to come.

The last opportunity to mention is the real estate in Veraguas Province in the Caribbean. The Caribbean coast of Veraguas Province is, like parts of Colon Province, largely undeveloped. Currently it is a place for the more adventurous. Or, maybe it is currently a place for those who are ahead of the curve. Real estate in Veraguas Province in the Caribbean is an opportunity waiting to happen.

Look at current price comparisons and Panama Caribbean property holds it own. Look at future development in Panama's thriving economy and Panama's undeveloped Caribbean coast. Panama is still a land of real estate opportunity in the Caribbean. Come and take advantage of the opportunities in this tropical paradise.

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