Popular cities and towns in Panama for Investing in Real Estate
Panama is located in Central America on the narrow isthmus that connects North America and South America, with borders of Costa Rica to the west, Colombia to the southeast, as well as having the Pacific Ocean to the south and the Caribbean Sea to the north.
The Panama Canal is a world famous and very important shipping route that links the Atlantic and Pacific Oceans, providing a unique trading avenue for the entire world.
Pamana is also a very well trodden location for real estate investors and high-net-worth buyers of luxury real estate who are always looking for opportunities in an important zone for business and trade.
For the international economy as a whole, Panama has one of the most stable and service-oriented economies in the region.
Panama is renowned world-wide for having an efficient banking and financial system in place, one that has been referred to as the "Switzerland of the Americas."
To the advantage of United States in particular Panama runs a US dollar-based economy, reducing currency risk for many real estate investors, and making it easier for buyers to purchase property for personal use.
Panama can provide international or foreign based property investors and private buyers 100% property ownership rights, low property taxes, and very favorable investment laws.
With a reliable property registration system overseas buyers receive or have the same rights as Panamanians when is comes to buying real estate.
In Panama many cities and beach destinations attract strong demand for luxury apartments and serviced residences, by tourist and business travelers, creating a steady need for short- and long-term accommodation, the rental market can be very favorable financially.
Panama offers wide range of choices when it come to luxury real estate, and areas that are of interest to buyers and investors include oceanfront condos in Punta Pacific or Costa del Este, private island homes in Bocas del Toro and San Blas, as well as golf and marina based resorts and communities along the Pacific Coast including Buenaventura and Santa María.
With direct flights to and from Panama to major cities across the world, buying properties in Panama for personal use, retirement, a vacation home, a second residence, or part-time use is relatively easy.
Panama benefits buyers with options on residency programs including the Friendly Nations Visa, and the Retiree/Pensionado Visa, believed to be one of the best retirement programs in the world.
Areas in Panama that generate a lot of interest with international buyers and investors includes, Panama City, Punta Pacifica, Costa del Este, Avenida Balboa, Boquete, Coronado and the Pacific beach towns, Bocas del Toro and San Carlos.
