Now is The Right Time to Invest in Panama Real Estate
Panama is growing as a regional real estate giant. Panama real estate is an investment sector that is experiencing the most dramatic growth in Latin America. Both sellers and buyers across the board are happy. For buyers, real estate properties are easy to acquire with comparatively cheaper price’s than U.S.A., Canada and Europe. For sellers, the sector is a profitable one due to continuous and increasing influx of foreign nationals willing to buy a second home in Panama.
Panama has become a famous retirement haven for the foreign retirees. The latest economic recession in the U.S. is a contributing factor for which Americans (and Canadians too) are making Panama a destination to spend rest of their lives.
But why Panama? Panama has an uncontested natural beauty that draws a lot of tourists and eventually a lot of foreign residents. Panama’s landscape has a heavenly combination of beaches, waterfront, hills, mountains and rainforests. Panama’s economy is booming with real estate, tourism and banking sectors. Infrastructures are reaching state-of-the-art with high-rise buildings and spectacular structures overlooking the beaches. Living in Panama is cheap. Most importantly crime rate in Panama remains to be lowest in the region. All these make Panama a safer and affordable destination one can dream of.
Tourism in Panama is a big industry. The industry is positively sponsored by the government and private sectors alike. Foreigners coming to Panama can quench their thirst for natural beauty and all types of tourist adventures. Unlike other tourist destinations, people pay return visits to Panama and refer it to their friends and families as a priority choice for spending holidays. It is for this reason that tourists grow a soft spot for Panama and get tempted to explore their options of choosing Panama as a second home.
Panama City, the capital, has grown as a cosmopolitan metropolis with modern amenities and facilities. As a “second Miami” it houses elite residential areas like Marbella, Punta Pacifica, Coco del Mar, Punta Paitilla etc where you can find condos and apartments at competitive price’s. Areas in the suburb’s have bigger condos and homes ideal for single family’s. Albrook, Altos de Curundu, Amador, Amador Heights, Ancon, Balboa and Clayton are some of the examples.
Panama real estate can better be assimilated as you go out of Panama City. Spawning roadside billboards say it all. There are offers from numerous real estate companies which are very enticing and very much affordable. The most striking feature of Panamanian real estate business is that the foreigners enjoy a unique security of properties under the legal cover of the state’s law. Unlike other countries, in Panama, foreigners can actually own the real estate properties. This is complemented by a set of incentives for buyers and sellers of real estate. Real estate price’s even in the heart Panama City is found to be as low as $100,000. Adding few more thousands to it will give you luxurious condos and apartments that can be only dreamt of in the U.S. Further cheaper prices in the suburbs and beyond need no mention.
Panama propery prices very stable. It has never experienced abrupt fluctuations. This stability helps buyers in making sound decisions based on accurate market analysis.
From every point of view, Panama property is an attractive, safe and profitable business with a promising growth.