Investing in Panama
Investing in Panama now practically guarantees a substantial capital gain on property investment, especially considering everything that the Panamanian government is doing to improve infrastructure and attract the foreign market. Those who are interested in investing outside Panama City have an array of breath-taking highland real estate in the region of Chiriqui to choose from. The highlands experience fresh cooler climates than the rest of Panama, offering magnificent mountain views, exciting nature trails and a slower paced lifestyle – altogether creating an ideal retirement hotspot.
Additionally, one cannot ignore the beautiful beachfront and waterfront real estate properties available on the Pacific and Caribbean coasts of Panama. World-class architects are building many master-planned communities such as Coronado and Punta Barco with European-style beach-side villas and condominiums. These and similar paradise beach resorts come equipped with 18-hole golf courses, elegant beach and equestrian clubs ready to offer something special for everyone. But it’s not only the low costs that make Panama real estate market attractive. Panama is a banking metropolis with a solid economy, modern skyscrapers, a good night life and great shopping. There are also numerous tax incentives for real estate investment, such as a maximum of 20 year property tax exoneration on all newly purchased properties. Foreign income is not taxable in Panama and capital gains tax is very low at only 10%.
Most visitors to Panama are at some point interested in investing in Panama Property. There are many reasons for this interest. The most important of course, is the beauty and diversity in the country’s natural resources that make it a paradise for people to vacation and live in. Whether you want to invest in a condo in the city, a beach side villa or a lodge in the rainforest, this is an investment of a lifetime. You may decide to move to Panama and live here or hire out your property to vacationers. Or you may be interested in buying out a Panama business and take over the real estate in Panama that it owns.
With all the increases in property values that are occurring, Panama is still the most attractive and lowest cost-of-living country in the region, with many more advantages, comforts and amenities than those offered in other countries thus increasing your dollars’ purchasing power. Panama really is the paradise for a better quality lifestyle.
