| Four the past 4 years I have been
| |
| | "The foreign second home market will
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| observing the growing trend for Americans
| |
| | continue to explode in the coming years.
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| and others, mostly Canadains and Brits,
| |
| | It is not a temporary trend. The most
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| to purchase second homes and to also
| |
| | popular destinations for Americans seem
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| relocate to Panama. All we have to do is
| |
| | to be in Latin America, as this is where
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| look to the Baby-Boomers to see where the
| |
| | the dollar exchange is the best.
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| next big growth industries are going to
| |
| | Especially in Panama where the U.S.
|
| be. Lee Iacocca knew this very well as he
| |
| | dollar is the local currency! Panama, the
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| led Detroit to major gains first at Ford
| |
| | third largest country in Latin America,
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| with the Mustang and again at Chrylser
| |
| | is emerging as a popular second home
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| with the mini-van. Well the boomers they
| |
| | destination. "The secret is 'out' for
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| are aging and guess where they headed?
| |
| | Panama, and Americans, especially
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| SOUTH! Just watch as the 2nd home market
| |
| | retirees, are expected to move there in
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| continues to thrive. But forget about
| |
| | droves in coming years," says Hornberger.
|
| Florida and the southern states. No,
| |
| | Comprised of 480 miles of terrain linking
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| these boomers are much more worldly and
| |
| | Costa Rica with Columbia, Panama is
|
| are looking even further south to places
| |
| | arguably the hottest investment
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| like Panama. Relocation to countries
| |
| | opportunity in Central America. Scott
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| which offer a lower cost of living -
| |
| | Harris has 16 years of real estate
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| lower taxes - retiree incentives and a
| |
| | experience, and works in sales and
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| low stress lifestyle are just beginning
| |
| | marketing for Red Frog Beach in Panama.
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| to see the arrival of the boomers. What's
| |
| | Harris says, "Panama is one of the
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| it going to be like when the peak of the
| |
| | hottest international markets and
|
| Boomer wave hits in 2012? In 2nd Home
| |
| | Americans and other foreigners are
|
| Journal, Ellen Newbury writes,
| |
| | snapping up property like crazy." Jaime
|
| "International Markets Heat Up - Boomers
| |
| | Figueroa Navarro is President of Panama
|
| Fuel Second Home Buys Abroad. Americans
| |
| | All In One, Inc. Navarro says that he has
|
| are driving the second home market, and
| |
| | seen the trend in the booming second home
|
| redefining it in the process.
| |
| | market extend into his country.
|
| Baby-boomers continue to expand the
| |
| | "â¦we're experiencing robust
|
| market with their increased buying power.
| |
| | growthâ¦many baby boomers are looking
|
| And they have begun to turn their
| |
| | to live here as there are many advantages
|
| attention more seriously to locales
| |
| | not available statesideâ¦for example,
|
| outside the U.S. The move toward
| |
| | the purchase of a new home or condo comes
|
| international second homes comes is no
| |
| | along with a 20-year homeowner's tax
|
| surprise to the analysts who have tracked
| |
| | exemption." The local currency is the
|
| boomers for decades. Globalization and
| |
| | U.S. dollar, making transactions easier
|
| the internet have made it easy for these
| |
| | for Americans, as well as removing the
|
| adventuresome Americans to look beyond
| |
| | component of currency fluctuation and
|
| U.S. borders for investment and
| |
| | potential investment devaluation. Navarro
|
| recreation. Boomers are being romanced by
| |
| | feels that now is the time to invest in
|
| international hot spots, and they're
| |
| | Panama. He says there are many bargains
|
| looking to invest in the attractive
| |
| | on the market and the potential returns
|
| global real estate markets. The National
| |
| | on investments loom large. "â¦this is
|
| Association of RealtorsÂ(R) (NAR)
| |
| | where there is the largest business
|
| confirms the phenomena. "We have seen
| |
| | opportunity for the growing number of
|
| this trend in Americans buying vacation
| |
| | investors and promoters. In Panama now,
|
| homes abroad," says Jeff Hornberger,
| |
| | the rule of thumb is, if you build a
|
| International Market Development Manager
| |
| | quality home, it 's soldâ¦this trend
|
| for the NAR. Hornberger says the NAR
| |
| | will continue for the foreseeable
|
| expects no slow down in the international
| |
| | future." Used by permission of Publisher.
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| second home market in the near future.
| |
| |
|
