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Why is Panama Real Estate so hot right now?

Long considered a shipping hub and consultations, etc. Panama is also one
offshore banking center for the Americas, of the best, if not the best, residency
Panama is enjoying an economic boom on a deals in the world today. For the
scale unmatched since the construction of price, the benefits are incomparable.
its famous canal 93 years ago. For instance, you can invest $40,000 in a
The country is luring investors and government approved and potentially very
expatriates worldwide, with interest lucrative reforestation project. This
further boosted by the recent approval of will yield a visa to the investor, spouse
a $5.25 billion plan that will double the and dependant children.
canal's capacity. Panama's modern amenities are similar to
The real estate frenzy is fueled by a that of North America, making life a bit
strong economy, government incentives for easier day to day. The communications
foreign investors, modern amenities, work, you can drink the water from the
attractive cost of living, world class tap, there's no currency exchange issue,
healthcare options, fantastic and it feels like home. Visitors and
recreational activities and a saturated residents alike value the diverse choices
US housing market for retirees has Panama has to offer, having the
attracted speculators and prospective opportunity to escape to a pristine beach
residents from California to Dubai. but not sacrificing the modern
These investors are purchasing conveniences such as a contemporary road
preconstruction bay front apartments, system, high speed internet access and
highland villas, and the latest luxury cable television.
development from Donald Trump -- a $220 Panama has one of the lowest costs of
million 65-story residential, office, and living in all Central and South America:
hotel complex called Trump Ocean Club, A U.S.-style home can be built for about
with towers shaped like a yacht sail. $40 per square foot; unskilled labor
The Panama real estate market is directly costs $6.40 per day; a full-time live-in
linked to the overall economy, which maid costs $120 to $160 a month; a beer
continues to exude stability and growth. at a bar costs 35 cents; a cup of coffee,
Panama will lead economic growth in all 30 cents; a haircut and shave can cost as
of Latin America and the Caribbean in little as $2; an afternoon at a beauty
2007 at a rate of 8.5%, according to an salon is $8; electricity is about 10
economic study of the region. José cents per kilowatt-hour; water bills are
Luis Machinea, the Executive Secretary of $18 per year; telephone service costs
the Latin America Economic Commission roughly $30 a month; Internet access is
(CEPAL), made the announcement in Chile. $14 a month; wireless is available for a
A few things including the recently bit more; cellular-telephone service
signed United States - Panama Trade costs about $30 a month plus a per-minute
Promotion Agreement, fuel the growth. charge of around 22 cents; and cable TV
The agreement is a comprehensive trade will cost you about $30 a month.
agreement that will eliminate tariffs and You won't fall short of recreational
other barriers to trade thereby activities in Panama. With two coasts,
strengthening the century old there are world-class water sports
geostrategic partnership between the US & available such as fishing, diving,
Panama. The Canal expansion, another sailing, etc. Given its geographic
major boost to the economy, is expected location, Panama is one of the worlds
to bring tens of thousands of new jobs best bird watching spots. The jungles
along with long-term incremental revenue of the interior have fantastic rivers to
for the country. run and fish. The options are
The Panamanian government has made a endless…
point to offer numerous incentives to The dream of owning a second home,
attract foreign investors. These retiring, or making an investment in a
including new construction property tax tropical paradise can become a reality in
exemptions, a very lucrative Pensionado Panama. Whatever your preference, there
(retirement) program that includes is a something for everyone. Panama
discounts such as 50% off entertainment real estate is hot right now…don't wait
prices, 25% off airline tickets, 25% off to stake your claim!
restaurant meals, 20% off doctors




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