Panama Property - An Investment Dream!

There are many advantages to putting your money into Panama property for a relative newcomer on the international property block. This Central American country's economy is growing year-on-year and the authorities are doing as much as possible to encourage more inward investment.

The panama property, one of the globe's most important waterways, is currently undergoing a massive expansion programme. This will allow more and bigger vessels to use the waterway, resulting in new businesses relocating to the area and a larger workforce to service the canal. Lying at one end of the canal is Panama City and at the other is the Colon Free Trade Zone. Colon is the second largest free trade zone in the world and attracts thousands of visitors and new companies every year who benefit from a variety of tax waivers.

The economic climate is investment-friendly for individuals too with incentives such as 0% tax on some newly-constructed homes for the first 15 to 20 years. There is also a 0% tax level on income earned outside Panama, which will encourage those who spend a lot of time out of the country or who run businesses elsewhere.

Other major bonuses for those living in and investing in Panama properties are the cost of living and the world's most generous retirement programme. Non-native resident’s massive discounts such as 50% of entertainment, 20% off medical consultations, 25% discounts in restaurants and 25% off air travel are offered by the tourist pension ado visa. To make the most of their retirement income thousands of North Americans who are looking to retire to Panama are attracted by this alone. 

All this means that people look forward to servicing a very large - and expanding - captive audience if they want to purchase new foreclosures in panama now for rentals or resale can.

As the baby boomer generation moves towards retirement age the number of investors looking to buy property in Panama will soar during the next ten years. While prices are still excellent value for money for those who invest in properties in Panama today this presents an incredible opportunity.