How Panama Real Estate Shows Potential and Bright Future
Author : Panama Realtor | Published On : 09 May 2022
Are you searching for potential investments? Investing in real estate has never been a better idea! Buying property in Panama is a popular option for many foreigners, whether they plan to move permanently, diversify their portfolios, or seek a vacation home.
Top reasons to buy property in Panama
- Steadily growing real estate market
Panama has been experiencing a steady real estate market growth since 2005 as its economy remains strong and stable. In 2012 alone, Panama City has seen construction of over 200 condominium buildings, drawing locals and foreign investors alike to the metro.
Not only that, but the city is continuously innovating, benefitting from the construction of new subways, bus terminals, and malls. Overall, the economy is expected to grow by 7.8% in 2022.
- Numerous investment opportunities
Who wouldn’t want to live peacefully by the beach? Panama is famous for its location, sitting snugly between the Pacific and Atlantic oceans. As a result, various resorts and tourist attractions are built across the country, attracting visitors from all over the globe.
Panama is no stranger to seeing millions of tourists a year, a number only slightly affected by the COVID-19 pandemic. But as the world slowly recovers from the virus, Panama will soon welcome more visitors than ever before.
As a foreign investor, buying property in Panama is the ideal move. You will have the same rights as Panamanians, with your investments protected by the Foreign Investor Protection Law. This regulation gives you complete control over your profits in Panama and the right to commercialize your goods and products.
- Quick and easy relocation
Thinking of moving to Panama? You won’t have any trouble — the country’s immigration laws are surprisingly more liberal than other destinations in Latin America. You have access to over 15 immigration visas and permanent residency programs, including the Pensionado program.
Moreover, you can choose from various properties across Panama’s most popular locations, such as Chiriquí, Los Santos, Bocas del Toro, and Colon.
Ready to make the investment of a lifetime? Find a local realtor who can guide you through the different processes, taxes, and regulations before buying a property in Panama!
About the Author:
Based out of Panama City, Panama Realtor is a duly licensed real estate company in the Republic of Panama. The firm represents properties throughout the ten provinces of the Republic and is committed to deliver a professional real estate experiences to all of its clients.