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Panama became the country of choice for many Americans seeking a second home for vacation, retirement or investment. This paradise tropical Central America is very attractive due to its proximity to the United States and the real value of the area.
Panama has a welcoming attitude to foreign, low population density, and almost zero violent crime. The U.S. dollar is used as currency, which de change, a non-issue. And many major cities in the U.S. offer direct flights to Panama, including Atlanta, Houston, Los Angeles, Raleigh-Durham, Orlando and Miami.
Perhaps the most attractive of all are the low prices of homes in Panama. very desirable property to be purchased for less than a middle or you'd pay for comparable properties in the U.S.
To retirees, Panama is especially attractive due to the movement of the incentives offered to the elderly. Retirees are eligible for discounts of 10% to 50% a variety of services and needs, including utility bills, air tickets, medical bills, dental and eye, drugs, hotels, restaurants, transport, cinemas and cultural and sporting events. Panama also has excellent health care, with several American-trained doctor.
For younger buyers, such as baby-boomers seeking vacation homes or professionals who use technology in their work overall in remote offices, Panama offers an attractive infrastructure similar to that of North America. He enjoys modern highways airports, Internet access, television cable, good cell phone reception, and the availability of many American-style products and services. In Central America, are the most industrialized countries.
The wide range of products offered for Panama all tastes, from apartments to luxury condominiums oceanfront high-rise tropical mountain retreats with great wind. Because the country borders both the Caribbean Sea and Pacific Ocean, much-promoted real estate as a second home with views and waterfront access limits convenient.
In addition, developers in Panama are joining the condo hotel concept, which allows investors to have the property transferred the condominium suites located at stations four and five stars. These stations provide services such as spas, swimming pools, restaurants, cleaning services and more. If owners choose not to live in their units this year, the address of the hotel can rent the unit, allowing the owner to generate revenue from the property.
A 5.2 billion expansion of the Panama Canal is creating a sudden flow interest in the property in Panama. The whole country is probably benefit from this expansion, and is also the assumption that real estate – especially the property near the canal – will greatly appreciate.
With a low cost of life, quality of life and seeking real estate values, Panama is quickly established as one of the first places to own a second home.
Maria Lopez is a sales agent with Central America Second Homes, a real estate brokerage that specializes in the sale of vacation, investment and retirement property in Central America. The firm offers luxury condos and homes at pre-construction prices in Costa Rica, Panama and Mexico. Go to http://www.CentralAmericaSecondHomes.com to view property listings and also to request a FREE copy of the Central America Second Homes Report, an insiderÂ’s guide to buying abroad. Or contact Maria Lopez directly at Info@CentralAmericaSecondHomes.com 305-944-3090
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