About Panama
Panama has become one of the most attractive real estate markets in the world. The region has something for everyone, from the booming skyline of Panama City with impressive high-rise towers to beautiful beaches and warm sun to amazingly moderate mountain towns.
Quite a few global trends are driving the attractiveness of investment in Panama and appeal of the area.
Baby Boomers
Baby Boomers are retiring in increasing numbers. Panama responds well to their needs due to excellent climates, beautiful beaches, world-class healthcare, and extremely low costs of living.
To read more on this Baby Boomer trend, just click here.
Eco-Tourism
The ecotourism movement is one of the favorite choices of Americans and Europeans seeking escape from major cities to the adventure of a virtually untouched ecosystem.
Since Panama is covered in primary rainforest and crawling with wildlife such as monkeys, toucans, and dart frogs, it lends itself perfectly to people who enjoy this kind of wild beauty.
Sustainable Developments
Green developments have also gained enormous popularity. Many Panama projects lend themselves to sustainable development such as solar power, wells located on the property, and conscious footprint building practices. All add tremendous value to right project.
Several additional factors create enormous value in Panama real estate investments.
Safety in Panama
Panama received the highest rating for tourist safety from world-renowned Pinkerton Intelligence Agency. Crime rates are lower than any other country in South and Central America.
Panama Weather
Panama has several different climates ranging from cool highlands to warm beautiful beaches in the Atlantic and Pacific Oceans. Panama also includes tropical rain forest. In the lowlands, temperatures range between 72°F & 90°F.
Hurricanes or major earthquakes do not directly impact Panama. This chart from the NOAA coastal service shows Caribbean hurricane history since 1851.
Click the image for a larger view.
Retirement in Panama
The American Association of Retired Persons (or AARP) ranked Panama among the four best retirement destinations due to white sand beaches, beautiful landscapes, rich biodiversity and modern infrastructure.
International Living has ranked Panama the number-one location for oversea retirement in their Global Retirement Index for six consecutive years.
Economy of Panama
Panama has one of the lowest inflation rates in the world and has the U.S. dollar as legal tender. Panama is the second largest banking center in the world (the first being Switzerland). Panama has the best infrastructure in Central America, and telecommunications are similar to that of New York and London.
Government
The government of Panama is a Constitutional Republic, which elects its President and lawmakers every 5 years.
Financial Incentives
There are many financial incentives drawing retirees to Panama, such as retirement incentives, Panama real estate financing availability, elimination of property taxes for 20 years, new construction incentives, and investment incentives for foreign investors.