WHY CONSIDER BUYING REAL ESTATE IN PANAMA?
Panama's Real Estate Boom
Panama has enjoyed a very stable, steadily growing real estate market since 2005. Through the ups and downs of the global economy, Panama’s economy still remains as one of the strongest in all of Latin America.
Panama Real Estate Investment Opportunities
Panama’s beautiful beaches located on the Pacific and Atlantic oceans are
seeing new resorts being built with infrastructures to support them. Panama has over 1,000 islands where several of them are seeing new infrastructures and resorts which will make Panama one of the most popular beach resort destinations in all of Latin America.
Tourism has been rising by an annual average of 10% since 2005. Panama has laws encouraging tourism development by foreigners which is now experiencing a spike in new hotels across the country.
Panama's Real Estate Easy to relocate to Panama.
Panama immigration laws are some of the most liberal in Latin America with over 15 immigration visas and permanent residency programs inviting foreigners to relocate to Panama. In 2012 Panama’s President issued Decrees for citizens of 50 friendly nations to quickly and easily become permanent residents by starting or purchasing Panama businesses. In addition, foreign workers from these countries hired by a Panama company can also apply for this permanent residency visa. Persons with lifetime pensions over $1000 per month also qualify for permanent residency under the Pensionado residency program. There are also investment programs for obtaining residency, starting from $100,000 for reforestation investors, to $200,000 for real estate or bank time deposit investors.
Foreign investment in
Panama is Rising
Real estate investments by foreigners in Panama have also been rising every year since 2005. The United Kingdom’s largest real development company, London & Regional, is building an entire city to service the Panama Canal Zone with a freight airport and high tech companies, airplane and boat maintenance & repair companies, freight companies, and over 150 internationally based corporations setting up offices.