Buying Real Estate in Panama Is a Smart Decision
Panama, the southernmost country of Central America, is one of the most well developed countries in Latin America with a rich culture, heritage, civilization and wildlife. Owing to the international trade and finance growth that Panama has encountered in the past few years, Panama has also become a real-estate hot-spot. Panama City, now, has many international companies’ regional headquarters. This makes buying a real estate in Panama a smart decision. Other reasons that add to the charm of investing in Panama real estate are:
1. Low current Real Estate prices: The current prices of Panama properties are very affordable. To add, the property-tax-exemption period ranges from 5 years to 15 years, depending on the value of the property.
2. Low cost-of-living: The country is well developed – has the most modern transportation, medical and telecommunication (Wi-Fi, cellular coverage, direct TV services) facilities, however, in comparison to other industrialized countries, Panama has a much lower cost-of-living. This makes it appealing to people who want the same modern facilities they are used to, albeit at a much lower cost.
3. Familiar language: Even though the official language of Panama is Spanish, English is widely spoken. It has also been included in the curriculum of schools, colleges, universities, etc. This situation is especially great for Americans and Canadians.
4. Great Retiree benefits: Panama offers great benefits to Pensionados (retirees) in terms of discounts (up to 50%) on entertainment, transportation, air fair, hotels, restaurants, hospital bills, prescription medicine, and doctor’s consultation. Also, unlike many countries, neither does one have to pay any tax on overseas earnings (pension, bank deposits and investments), nor does one need to pay inheritance tax. Not surprisingly, almost every world’s-best-places-for-retirement survey puts Panama among the top 5 destinations.
5. Pleasant climate: Panama has tropical weather all year long, because of the fact that it is bounded by the Caribbean Sea to the north and the Pacific Ocean to the south.
If you have been thinking about choosing a place to invest in real estate or spend you life after retirement, then you cannot go wrong with choosing Panama. Visit the web to explore more about Panama, properties in Panama City and real estates in Panama. Buy a Panama City real estate or a Panama City property today!
Mark is Canadian from Montreal (Quebec, Canada) and holds an engineering degree from Concordia University. Mark moved to Panama several years ago and is now one of the owners of Panama Real Estate Sol Realty, a boutique agency well established in the real estate market in Panama with best Properties in Panama City.
Article Source: ArticlesBase.com - Buying Real Estate in Panama Is a Smart Decision