Panama Land Developer

Panama Property

Panama property has increasingly become more and more popular over the years. Panama is one of the fastest growing retirement and investment destinations in the world. The economy in Panama is growing more than 6% annually.

• There are currently more than 15,000 Americans living in Panama. English is widely spoken. Panama City is a 1st world city with impressive highways, skyscrapers, medical facilities, and shopping centers.
• Panama City is very cosmopolitan and has a bustling infrastructure. The countryside, mountains, and beaches are unspoiled.
• A Technologically advanced country, Panama offers high speed internet, good cell phone coverage, fast install of home and business phone systems, and TV with English channels.
• No local taxes for residents on foreign earned income. There is no property tax for retirees until a home is sold, and a 20-year exoneration from taxes on new homes. Because Panama is a world class port, there are electronics, automobiles, clothes and other imported items available at reasonable prices.
• No inflation worries or confusion over prices. Panama's currency is the US DOLLAR.
• Panama is a world banking center. Foreigners can receive loans and do banking with dozens of respected banking institutions.
• Low crime rates, high literacy, employment and a well-trained police force provide foreign investors a solid sense of security.
• Panama is a true melting pot. Shippers, traders and sailors from around the world have made Panama home. Latino, Japanese, Chinese, American, Canadian, European, Jewish and Arabic last names are common in the Panama phone book.
• A warm, but diverse climate- the lowlands of Panama are hot and can be humid, yet there are year round cooler temperatures in the mountain areas (such as Boquete)
• Panama boasts both Caribbean and Pacific coasts. You can swim in the Pacific and the Caribbean in the same day, or cross your sailboat through the canal and explore both coastlines. Where else can you do that?!