Find a home or property within the amazing country of Panama. For property insurance, it’s usually pretty inexpensive in comparison to other countries such as the United States. This is a great opportunity and time to be investing in Panama. Foreigners have protection, including the same rights as locals when it comes to purchasing and owning title property. Panama is easily accessible for Americans, both in terms of its proximity to the U.S. and its dollar economy. Its infrastructure beats much of the rest of Central America, and its great weather, beaches and attractions are bringing increasing numbers of tourists and retirees to the country.
There are a variety of opportunities available for those interested in investing in Panama. Investment opportunities in Panama range from Real Estate Development, Tourism, Colon Free Trade Zone projects, Telecommunications, Ecommerce, Petroleum Free Zones, and mining exploration. Real estate investments on the beach are considered to be popular. The Investment Stability Law of 1998 in Panama guarantees both foreign and national investors alike, equal rights to investments and business practices. Unlike any other Central American country, Panama has permission to use US dollar as its currency. Since these times, Panama has been a keystone of world commerce. The increasing number of cruise ships stopping at Panamanian ports is a bonus for those interested in making service and tourism related investments.
Be one of those investors from who come from all over the world to Panama to buy everything from land to houses, from islands to haciendas, investing in logistics, trade or telecommunications. Telecommunications is a sector with enormous potential as five underwater fibre optics cables pass across the country. Foreign investors in Panama are guaranteed the right to dispose of investment profits, the right to repatriate their capital, dividends, interest and profits produced by their investments and the right to commercialize their production. Above anything else, the cost of living in Panama is much lower than in the United States.
Real State in Panama is certainly a worth investment.
Altos del Maria heralds itself as “the perfect place to live surrounded by nature”. It is hidden in an unspoiled mountain setting, along a 14km paved road off the Pan American highway. Set in the Chame district, this mountain community is within easy driving distance of the Pacific coast beaches and amenities, and just 65 miles from Panama City. This is ideal for those seeking a home in the mountains, a holiday retreat or a permanent retirement home whilst staying within reach of city life.
Prices in real estate across Panama are steadily rising, particularly in well-known beauty spots such as Boquete, but Altos del Maria is still surprisingly affordable. The Sales Center, with its English and Spanish speaking staff, is very helpful for those interested in building their own home. There are still lots available in many beautiful locations around the development. If however, you wish to dispense with the waiting and hassle of self-build, there are also some resale properties available.
There are prices to suit all pockets, from a fully furnished home with 2 bedrooms, on a gently sloping lot, for just $140,000. At the other end of the scale is a newly completed luxury 3-bedroom home with studio for $500,000.
Most unusually, there is a 4000 sq ft. American-style home offering 3 bedrooms plus a bonus room for just $295,000 with some of the best views anywhere. The catch? This home is still only a shell, and estimated costs to complete would be a further $65,000. For the property developer, or those wanting their own choice of finish, this offers a great opportunity to build a dream home at a very affordable price.
Panama is located between Costa Rica and Colombia, and forms the narrowest and lowest portion of the Isthmus that links North and South America. Panama has an area of approximately 29,700 sq. miles. Panama City lies on the Gulf of Panama in the Pacific Ocean. Colon, the country’s second largest city, is located on the Caribbean Coast. Colon is the top choice of many who are looking for inexpensive city living. Panama is a cosmopolitan modern metropolis; the skyline surprises with high rise buildings overlooking the Bay of Panama.
Panama has all the modern conveniences you could ever want or need, including high-speed Internet service. Its economy is dependent on traffic through the Panama Canal and on business activity in the Colon Free Trade Zone, the largest duty-free zone in the Americas. In Panama, you’ll find world-class restaurants, every imaginable luxury, and hundreds of multinational businesses.
Outside the city of Panama, there is a wide selection of real estate options ranging from the mountains, which is perfect for those who prefer cooler temperatures, to beachfront property, perfect for those who love to fall asleep to the sound of the ocean. Two seasons of the hit show “Survivor” have been filmed on archipelagos of islands in the Pacific close to Panama –The Pearl Islands. Evenings and early morning temperatures are perfect for walking or running.
In the mountains and highlands weather year-round is spring-like temperatures– no air-conditioning needed. Unlike its Central American neighbours, Panama is completely hurricane-free. There are also no major destructive earthquakes. Panamas’ real estate was designed to be a special place where your family can bond closely, and share unforgettable experiences.