Panama Property Investment For Sale
"An excellent choice for retirees in a strong and growing economy."
Panama is the entire isthmus connecting Central and South America. From its mountainous interior and tropical rainforests in protected national parks, to the long coastlines – the Pacific ideal for surfing and sport, the Caribbean offering coral reefs, island archipelagos and quieter waters for bathers and divers, Panama is a geographic wonder.
Unlike other Central and South American countries Panama’s thriving economy is not based on exports but the well-developed services sector which includes the Panama Canal, logistics, banking, insurance and tourism. Continued long term economic growth will continue as a result of the $5.3 billion Panama Canal expansion project, doubling the Canal’s capacity. As a result of this and other logistic improvements, unemployment has also been reduced dramatically and poverty levels are improving.
All indications are that Panama will continue to thrive going forward and is attracting increasing numbers of tourists, property investors and those wishing to retire to the sun.
Foreign investors are subject to exactly the same laws on property ownership as Panamanians and are protected by an extremely advanced administrative system which means the real estate market is secure and being driven steadily upwards. Alongside excellent tax benefits for foreign investors, Panama offers one of the top retiree benefit programs in the world, which includes large discounts on medicines, treatments and public transport, shipping of household goods tax-free, no tax on foreign earned income and no inheritance tax.