The Real Estate Market in Panama is booming. Presently Panama has many excellent real estate opportunities offering first class real estate that would cost several times more in other countries in the World. Tourists and retirees are arriving in greater numbers, particularly from the U. S. A. and consequently helping the local real estate market. Properties in Panama are rapidly increasing in price, which is turning Panama into an excellent destination for second homes buyers and investors.
Dream Luxury Holiday Homes near the Beach Areas can cost several millions in the USA, but in Panama you can have a similar property for considerably less next to Panama’s finest beaches.
A city penthouse apartment in London or New York can cost a £500,000 or more, yet in the exclusive area of Punta Pacifica Panama you can buy similar for less than half the cost in London or New York.
A small decent apartment in the U.S.A or Europe will cost around £80,000, yet here in Panama we can offer an apartment close to the beach in an up-market area from £49,000.
In many countries land is scarce and buildable land can be even scarcer, making it almost impossible to find a plot of land to build your dream home. In Panama, we can provide you with a beautiful building plot and build the home of your dreams for a bargain price.
For investors it is possible to buy land for future development. Panama being an expanding nation has many opportunities for future developers. Buildable land prices are amongst the lowest priced in the World, however with some of the top advantages in the World.
Businesses looking for relocation or expansion will have no difficulty with locating premises or land to build premises and also will enjoy many benefits relating to business taxes and land charges.
Tourism and leisure activities attract special concessions and persons investing in these areas will enjoy the many advantages of Law 8 which was put in place to encourage investment.
Financing of Land and Property Purchase is readily available to foreign investors through the numerous banks based in Panama.
The Government of Panama is investing considerable money in promoting tourism in Panama, and Panama has become an alternative vacation area for many Americans and Europeans who previously went to Florida and the warmer parts of Europe. A direct result of this investment has seen visitors from Europe in 2006 showing an increase of 22% compared with the previous year, and this trend is expected to increase in the coming years. Panama is being promoted in the U.S.A. and also at the most important tourism fairs in Europe such as FITUR in Spain, ITB in Berlin, IMEX in Frankfurt, BIT in Milan, Matka in Finland, World Travel Market in London, and Reiseliv in Norway.
Panama is now serviced by direct flights with American Airlines, Continental Airlines, Delta Airlines, Avianca, Iberia, KLM, Copa Airlines, Grupo Taca, Cubana de Aviación S. A., Lloyd Aéreo Boliviano, Mexicana, Aires Airlines, and West Caribbean. In addition there are indirect flights with major airlines including as Virgin Atlantic, British Airways, Lufthansa, Air France, Air Canada, Alitalia, Swiss International Air Lines, United Airlines, from numerous airports throughout the world.
The Colón Free Trade Zone, with over 250,000 visitors per year, is a gigantic entity at the Atlantic gateway to the Panama Canal dedicated to re-export an enormous variety of merchandise to Latin America and the Caribbean. It is also the largest free zone in the Americas and second largest in the world. It started operations in 1948 and occupies about 600 acres.
The low prices added to the excellent all year round climate has brought investors to Panama to buy holiday homes for rental and investment.
