Real Estate Options In Panama

Long admired for its stable currency (the Balboa

, tied directly to the U.S. Dollar) and economy as well as a low cost of living, Panama is now a preferred destination for both tourists and pensioners. Ecotourism is emerging as a new, thriving industry. The country stretches from the Caribbean to the Pacific, providing hundreds of miles of coastline and beaches. The Panamanian people are some of the friendliest around, and the tax structure is extremely business-friendly. With the countrys decision to expand the Panama Canal, business is officially booming here.

Panama also offers a huge variety of locations for those who wish to live, work, holyday or retire here. Lush mountain retreats or bare land are available. People who wish to have all the amenities close to hand can purchase Panama properties in Panama City, San Miguelito, or Tocumen. Beachside villas or apartments are available as well, for those who want to relax in the sun and sand. Panama offers a low crime rate, natural beauty, a perfect climate, and incentives for pensioners that attract people from around the globe. Investors are even beginning to create new, age-restricted communities for pensioners, and these properties are being promptly snapped up.

In a world where every investment option seems to carry high risk, investing in Panama seems a much safer bet. Property prices have softened, but not nearly so much as in many other countries--and properties in high-demand areas such as near the beach have actually remained price neutral. Good deals can still be had, though, so if you are looking for an investment option in these uncertain times, look no further than property for sale in Panama. Whether for commercial, industrial, personal or investment purposes, properties are available for nearly every price requirement and investment purpose. One of the hottest developments is investing in apartments or villas for use by tourists. Owners can let these out for most of the year, creating an income stream, and still have the use of the property when they want it for themselves. It is the best of both worlds!

Another advantage to doing business in Panama is that foreign source income is not taxable in Panama. Foreigners have the ability to buy, improve, own, and sell property in Panama just as Panamanian citizens do; there are no additional restrictions or requirements. In addition, for those pensioners considering retiring to Panama, the countrys Pensionado programme offers retirees the ability to obtain a Pensioners Tourist Visa. The Visa allows pensioners to obtain large discounts on utilities, medical bills, cultural experiences, and even on importing a car to the country. Investors considering real estate investment in Panama can purchase properties that will appeal to pensioners, and attract them to the country by showing the advantages of living there.

With real estate uncertainties almost everywhere, Panama is a logical choice for those seeking viable options and a greater degree of safety.

by: James P Martin

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