subject: Why Panama Properties Are An Outstanding Investment [print this page] Besides the fact that it has a near-perfect climate throughout the year and very little to worry about from Mother Nature, the political landscape and economy are extremely stable. Now that the Panama Canal has been handed over to Panama, the country has a steady, reliable source of income. The Canal is being expanded, widened, and deepened, and within a few years, even larger cruise and container ships will be plying the waters of Panama.
Panama has no taxes, and offers residents privacy unheard of throughout most of the rest of the world. The country is also actively courting pensioners and private investors by offering an entire suite of benefits for those who retire, invest, or choose to live in the country. As an international banking centre, Panama has built a reputation for efficient, protected monetary exchanges and freedom from currency exchange controls. Those who choose to invest in real estate in Panama are offered many exemptions, depending on where they purchase. For example, buyers who choose to obtain property in a "special tourist zone" may be offered tax exemptions including property, land, and income; import and sales tax exemptions; and tourism activity tax exemption. These exemptions alone could save an active investor hundreds of thousands or even millions of dollars or pounds over the several decades that the exemptions are in effect.
Panama also offers low inflation over a long period of time, making it one of the most attractive locations for offshore retirees and pensioners. Many of these people have visited on holiday or via cruise ship and were struck by the beauty and stability of the country. They wish to return again or perhaps retire to Panama. However, housing and communities targeting this affluent segment are only now beginning to be built. Investors are waking up to the potential gold mine of this population group and money is flowing into the country to begin the building process. Those who wish to profit from this influx of people and funds will invest now in property for sale in Panama and stake their claim early.
For those who thought ahead and already own Panama properties, now is an excellent time to sell what you have and purchase something a bit larger or more upmarket. Since both foreign nationals and Panamanian nationals receive equal treatment in both monetary investment and property transactions, offshore investors do not have to worry about any restrictive regulations governing where or how they can invest their money. In addition, while real estate has taken a pounding in most of the rest of the world, Panamas prices have remained strong, as it is a location to which people flock in times of uncertainty.
There is absolutely no better time than the present to evaluate your investment options regarding Panama properties. The future holds great possibilities for those with the foresight to plan ahead.
