Panama Real Estate For Sale - Paradise In Panama

The idea of living in paradise is appealing to everyone

, and Latin America has become a hot spot for people seeking their own land. While there are many beautiful areas in Latin America, not all of them are ideal for foreigners. Safety and economic conditions are obvious concerns, especially considering that many of these incredible places can have high crime rates, hostile populations, uncertain economic climates, and unstable governments. The allure of exotic wildlife, a relaxed pace to life, waterfalls, volcanoes, rainforests, beaches, and oceans is undeniable. For most, the question is where to purchase real estate. Panama is growing in popularity with tourists, as well as foreign investors seeking real estate in Panama. Because of old government policies, Panama real estate was not available to foreign investors. Since power has changed hands, development has only begun in the last twenty years. Much of the real estate in Panama for sale is on undeveloped land. Aside from the natural beauty in Panama, there are a number of reasons to consider this location when looking for property.

Panama has a much lower crime rate than other countries in Latin America. In addition, there are many benefits for foreigners. If you purchase real estate in Panama, you will not pay property taxes on it for twenty years. Any foreign-earned income is not taxed. The U.S. dollar is also accepted as currency, so there is no need to worry about fluctuating exchange rates. The cost of living is also considerably lower than major U.S. cities. The Panama Canals huge port drastically lowers the cost of manufactured goods. Everything, from microwaves to cars, is less expensive in Panama than in other countries, even the U.S. And for those who are retired, discounts of up to 50 percent are available nearly everywhere- from restaurants to doctors offices. Another bonus is the high number of English-speaking citizens, especially in urban areas. The United States also had a heavy influence in Panama until about ten years ago because of the canal. This influence means that many large American franchises are present in Panama.

The financial incentives dont end there. Real estate in Panama costs roughly one-fifth of real estate in other Latin American countries. Once you buy the land, water and electricity are free. Because of the amount of undeveloped land, finding real estate in Panama for sale may not be difficult, but finding a good location and reasonable terms are. Ocean Ridge Estates has Panama real estate for sale, with 16 lots ranging from three to twelve acres. In total, this Panama real estate covers over 100 acres. Most lots include ocean and riverfront views, and properties are a mere four miles east of the Pacific Ocean. The land is undeveloped, and Ocean Ridge will assist in every stop of the process, from selecting a lot to full construction of a home.

Because it is based in the United States, Ocean Ridge Estates understands the concerns of Americans seeking Panama real estate for sale. The price is only $5 per meter squared, which is an amazing price for land, let alone property in paradise. The price also includes full title, and a newly paved road to each property. Real estate in Panama for sale is rarely this accessible, and the location of these lots is prime. Investing in Ocean Ridge Estates is an exciting opportunity, and the variety of lot sizes ensure that you can find the real estate in Panama for sale that is right for you. Their website ( http://www.thepanamacollection.com ) allows you to look at the lots available and the price list. With so many advantages to the easy life, and real estate for sale in Panama at such a low price, it only makes sense to consider Ocean Ridge Estates for your home in tropical paradise.

by: Jason Palmer

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