Panama was one of the first countries in Latin America to recover after the global financial crisis of 2008. This is due to the strength of their real estate market. The following are some reasons why:
Location Strength – Panama is located in the centre of the Americas. This makes Panama “The America’s Great Hub”.
The Canal – The canal is essential for global trade and accounts for approximately 10% of Panama’s GDP. It allows Panama to be extremely prosperous in times of a declined global economy. The Panamanian ports are leaders in freight movement in Latin America and look to the future as it grows yearly.
Cash Is King – The US dollar is the currency of Panama.
Great Tax Incentives – Competitive tax rates compared to the region. Panama offers special visas that allow tax breaks for foreigners living or investing in the country.
Political Stability – Panama has a stable democratically elected government with no civil unrest.
Safe & Secure – Compared to its geographical neighbours, Panama is a safe haven.
Balanced Geography – Panama has the best of two worlds. Modern city life & tranquil beach living. Only a handful of countries around the world offer 2,500 km of coasts that combine urban experiences, adventure and nature
Quality of Life – Top of the line shopping centres, five star restaurants, modern hospitals & clinics, five star luxury hotels, banks on every corner, museums and much much more. The cost of life is lower and the quality is higher.
Get Your Discount – There are exemptions and discounts for retirees and the elderly in places such as restaurants, services, shopping centres, pharmacies, etc..
Natural Disasters – There are none. Just enjoy a tropical climate which comes with a rainy and dry season.
Proximity to the United States & Canada – No more than five hours away from major cities in the United States & Canada.
Innovation – The Global Competitiveness Report, issued by the World Economic Forum (WEF) every year, gives Panama the 37th position among 138 assessed economies that provided access to new technologies. Moreover, it is ranked 53rd in terms of innovation.
Safe Cash – Panama has been noted in the last years as a country of constant economic growth and safe investment with popular financial development. It has legal characteristics among many others which has created one of the safest niches for foreign investment.
Mortgage!!! Why Not? – Panama’s banks offer mortgage loans for a balance greater than the cost of the property, which is unlike other countries. In addition to low interest rates banks can also offer a maximum term of 30 years.
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