The time to invest in Panama real Estate is now. Panama
Real Estate is experiencing and unprecented boom and there
are many foreigners. The real reason this Central American
Country is attracting tourist is that panama real estate is
at such a bargain compared to the US beachfront or mountain
properties it provides the perfect opportunity for
investment for retirement living. Panama beaches boast
untouched pristine sand and gently curling waves. Panama
is also one of the best, if not the best, residency deals
in the world today.
Offshore
It is debatable if Mexico is cheaper than Panama but they
do tax offshore income in Mexico so it is probably more
expensive for this reason alone and the crime situation
makes it hazardous. Costa Rica is not really cheaper and
has a serious crime problem plus there are no longer
benefits for Expats and you would have to pay income tax on
your offshore income like retirement, social security etc
in Costa Rica. Unless you open a business that does
business in Panama within the local economy or take a job
in Panama you can plan on your income being tax exempt as
offshore income.
Investment
The real estate investment in Panama is increasing because
of the natural beauty of ocean view property in Panama.
Don't let your real estate agent tell you where to
buy—chances are, they'll be pushing you into the
investment where they get the biggest or fastest commission
check. As more and more people discover the Azuero
Peninsula Panama investment in this area continues to
increase. Everyday more and more people are making an
investment in Real Estate in the Azuero Peninsula of
Panama. The Azuero Peninsula Panama should be on the list
for all those seeking excellent investment opportunities
and a tranquil, beautiful living environment. The coming
year is looking good for recent investments in Panama's
real estate and tourism industries. Here are a few reasons
why Panama real estate is a boom in investments: Panama has
a stable government and an economy growing greater with
time.
Panama Beach Property
The beach is ideal for swimming, snorkeling, and just
relaxing. Real Estate Values in Panama and primarily in
these Pacific Coast Beach areas has been appreciating very
steadily, and as interest and growth increases so to do the
real estate values. Real Estate in the Azuero Peninsula
have unimaginable views, access to unspoiled beaches, and
all for very affordable prices. This Azuero Peninsula
Ocean View Real Estate is only a distance to many excellent
beaches.
The arrival of Nikki Beach may attract a new crowd to
Panama. However, the concept of Nikki Beach is quite
distinct from these other groups. Nikki Beach is focused
towards an exclusive market: People over 30 with purchasing
power that want to have a good time in an exotic, unique
environment. Nikki Beach is exclusive property of Michael
Penrod and his family, though at some of their clubs and
hotels they do maintain strategic alliances with local
investors. Regarding waterfront property, by law all
beaches are public hence all beach-front properties must
provided a right of way, starting from the highest tide
line to the property line.
Living
Panama has one of the lowest costs of living in all of
Central and South America. When thinking of the best
places to retire, it is important to understand that Panama
has a very low cost of living combined with amazing beaches
and scenery that propels Panama to the number one spot to
consider for those wishing to retire abroad. There are
numerous benefits to living the Expatriate lifestyle. Town
Living - There are nice neighborhoods that offer
convenience and proximity to shopping and restaurants.
Legal
Factor in obscure Panamanian laws, crafty scam artists,
andthe newcomer's relative inexperience to Panamanian
culture, and thefirst-time investor is faced with a
troublesome and confusing puzzle. A lot of legal problems
arise with use rights and this includes litigation. Once
your attorney has confirmed the property title is legal and
free of liens or other restrictions, the final closing is
scheduled and the buyer/seller signs the final Buy/Sell
Contract. The law does not require a Buy/Sell Contract to
be in Spanish to be legally enforceable.
Retirement
There is something for every taste in retirement living in
panama real estate. A welcoming community, safe
environment, low crime statistics, excellent incentives for
retirees, together with the natural beauty and ethnic
diversity that is Panama, all appeal to the increasing
number of baby boomers from North America and Europe who
are looking for a different option for retirement. During
the past several years Panama has been consistently rated
in the top ten for the best retirement locations worldwide.
With a little homework and due diligence, you will find
that Panama has all the criteria for a solid investment or
retirement destination.
Impacts of the Panama Canal
The Panama Canal is also about to undergo an expansion.
Now Panama a country of 3 million people has an annual
income of one billion dollars from the Panama Canal
revenue. The Canal expansion, another major boost to the
economy, is expected to bring tens of thousands of new jobs
along with long-term incremental revenue for the country.
With the expansion of the Panama Canal there are a lot of
high paid executive coming through for a short time.
Panama is a hot tourist destination for many reasons, least
of which is the Panama Canal, though it's certainly still a
popular visitors site. If the project of building the
extra canal goes through it is expected to result in an
apartment shortage due to extra workers being sent here by
their companies which of course means you could buy an
investment unit furnish it and rent it out for big bucks
for many years while the new canal is being built, not
kidding about this.
Panama Real Estate is a great investment. Panama is
currently one of the most considered and researched
locations with many investors. Panama could be the new
destination for this exclusive market of "jet setters.
Panama's modern amenities are similar to that of North
America, making life a bit easier day to day. Panama has
one of the lowest costs of living in all Central and South
America. Panama real estate is hot right now...don't wait
to stake your claim.
----------------------------------------------------
To learn more about Panama Real Estate and other Panama
legal issues, visit Offshore Legal at
http://www.offshorelegal.org/faqs/offshore-faq/panama-real-e
state---legal-issues.html
No comments:
Post a Comment