As the world becomes more and more aware of the business opportunities available in Panama, investment opportunities become more prevalent, and more people become aware of Panama’s dollar-based economy, real estate in Panama continues to become more intriguing as a market for investment. Panama always stood apart from Central and South America because of the stable political situation and the economy. The Canal, the Free Trade Zone, and international banking are among other reasons why world businesses are keeping their eyes on Panama, and why real estate in Panama is a growing market. Several Fortune 500 companies are now based in Panama and Panama bucks the trend of the flat to negative GDP growth that its neighbors continue to battle. These factors and others contribute to why all types of investments in Panama are intriguing, especially real estate in Panama.
In 2003, tourism topped the Panama Canal and the Free Trade Zone as the county’s top revenue earner. The number of cruises to Panama increased, and the growth of tourism began influencing investor interest. When government incentives came into play, Panama really started to take off. Real estate in Panama is showing unprecedented potential because of these many factors.
Another reason real estate in Panama is booming is Panama’s consistent rating as one of the top ten best places to retire in the world. It’s a great place to retire because of the welcoming community, the safe environment, low crime rate, unmatched retiree benefits, and last but not least, the incredibly beautiful and diverse weather and landscape. The climate and terrain lends itself to just about every form of natural beauty imaginable, and is perfect for retirement.
The cosmopolitan metropolis of Panama City is yet another reason for the increase in interest in real estate in Panama. Panama City is located on the Pacific Ocean, an hour drive from the Caribbean coast. The skyline is becoming increasingly more spectacular, with a large range of apartment buildings and magnificent condominiums. In fact, these buildings have apartments and condominiums available for purchase for all budgets. These are prime pieces of real estate with incredible ocean views that make excellent investments for rental or potential appreciation. In particular with real estate in Panama in Avenida Balboa to Costa del Este through Punta Paitilla, Punta Pacifica and Coco del Mar, there are incredibly dynamic and interesting places to live. You can even find US style shopping malls with great entertainment facilities, hotel and convention centers, and of course single family homes and condominiums are also available in attractive suburbs. There are also Panamanian government incentives for the restoration of the historic Casco Viejo which provides some incredibly interesting real estate in Panama.
If you’d like to know more about real estate in Panama, you can easily find more information in articles all over this site.