Buying Real Estate in Panama for Investment and Retirement

Real estate in Panama remains a bargain despite recent price increases. Compared to property in the US, Europe, and the Caribbean islands Panama wins three ways.

First, for comparable property, real estate in Panama is a continuing bargain. Real estate in Panama includes a warm climate, seacoasts and cities, tropical highlands and secluded islands; for any of these bases for comparison Panama's prices are less than the alternatives. Contact a reputable realtor such as ABPanama. Whether for Panama investment or Panama retirement we can find the best bargain for the type of property you want.

Second, there is more real estate to develop in Panama. For example, parts of the Colon Province coast on the Caribbean have been isolated from Colon City until recently. Access has been difficult because of poor or non existent roads. Much of the coast was only reachable by boat. Now, with new road building and improvements these areas such as Costa Abajo have Panama investment real estate for sale to developers or large buyers at as little as $5 a square meter or $20,000 an acre. Hotels and marinas are already in place or being developed. This pattern is repeated throughout the country. The real estate market in Panama is no where near saturated so expect prices to stay reasonable for some time to come. The investment opportunities in Panama are great.

Third is Panama's increasing prosperity. An economic boom fueled by foreign investment in Panama real estate and business has business humming. High rises are springing up in Panama City and there are extensive housing developments in the suburbs. Wherever you look you find evidence of investment in Panama. Throughout the country there are more and better paying jobs and more money. The Panamanian government forgives property taxes for 20 years for new construction and subsidizes mortgages of less then $62,500 which is soon to increase to $80,000. Real estate in Panama will continue to appreciate with the strength of the economy. Large infrastructure projects such as the Panama Canal expansion will take 10 years or more pouring money into the economy. Expect Panama to prosper, and your real estate investment in Panama with it, for a long time. Ask ABPanama to help you find the right real estate investment in Panama for you.

A Word about Retirement in Panama

For ten years Americans have been flocking to purchase real estate for retirement in Panama. This country between North and South America has become the premier retirement destination in the world. Panama makes residency here easy. Here are two examples. A monthly pension of $500 plus $100 per dependent qualifies a retiree for residency. Retirement here and purchase of panama property worth $200,000 or more does the same thing. In each of these cases you only need to renew every five years and you can come and go as you wish. Or you can just stay on your Panama retirement property and enjoy prosperity in the tropics.

Retirees in Panama, Panamanian or foreign residents all are eligible for discounts on everything from doctor visits and prescription medications to restaurant bills and grocery items. Look into real estate in Panama for retirement. Find that your real estate in Panama becomes a great investment.

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