If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you're looking for a place outside U.S. borders to retire, Panama should be given very serious consideration. Panama has a lot going for it.
And even if you don't plan on retiring or living in Panama, Panama has also rated the very highest in real estate investment opportunities for those of you who would like to make their money from a distance.
Here's what is being said about Panama by some of the bigger players in the real estate market: "Real estate in both emerging and developed markets outside the United States offers some of the best investment opportunities in the world right now. " - Ricardo Griffin - the Offshore Guru at OMA. Ltd, international offshore consultants, located in Panama.
"Global real estate will be the only major asset class that could deliver double-digit returns over the next five years." - Barton Biggs, Chief Global Strategist and Chairman Morgan Stanley Investment Management, Pensions and Investments
"The good news in global real estate - it's no longer exclusively for the mega-rich!" - Lief Simon - Editor, International Living and Global Real Estate Investor
One can invest in property or buy a place for investment in any region of Panama but for Expat World its money is on properties in Panama City. We've been there more than a few times and we personally rate Panama City in the top three metropolitan cities of world that one can afford to live in and enjoy a good life in. Panama City has world-class restaurants, five-star hotels, international banks, hundreds of multinational businesses, a Manhattan-type skyline, every imaginable luxury ... all at about half the price you'd pay in Miami. AND it's only a few minutes to a few hours to the beaches, mountains, country side of Panama itself. It has all the infrastructure one might want! AT HAND and just a short distance from the romantics idea of paradise just a short distance away.
On the esthetic side, few places in the world offer spring-like weather year-round, a low cost of living, safety, security, peace of mind, beautiful landscapes. It has mountainsides covered with flowers and planted with coffee and beautiful waterfalls ... not to mention the best pensionado program (retirement program for foreigners) in the world. We'll tell you more about that later. It's a real benefit for the retired expat, making your buck stretch a long way. And we do mean bucks, for the US dollar is the official currency of Panama.
PANAMA'S A BARGAIN
Since the U.S. military and Panama Canal personnel pulled out (in 1999), thousands of houses and apartments have flooded the market. Abundant supply ... limited demand. so prices are cheap. You'll find bargains galore. There are bargains in property, both for sale, for rental and for investment are readily available.
You can find a three-bedroom, luxury apartment downtown with a deck, private parking, a pool, the whole ball of wax in the $70-$80,000 range and most properties in this range have an ocean view.
EW discovered properties there that were smaller and a little away from the prime areas in the $25,000 to $40,000 range. And if you are the fixer-upper type you can find the proverbial steal. You can own your own apartment or bungalow or some investment property by heading to Panama and hitting the streets and looking for the bargains OR you can use a firm that EW recommends to look for you and offer you the best deal in properties to live in or real estate investment properties. More on that later but first let us continue with why we think Panama is THE place for the best real estate buys today.
Panama is elite because of its sheer natural beauty and, most importantly to many, because of the privacy it affords in personal and financial matters combined with it's great retirement program for foreigner! s :
RETIRE IN PANAMA AS A PENSIONADO AND SEE WHAT YOU GET
We've presented our picture of "Why Panama?" Too add to this, here are a few reasons the international guru's think Panama is THE place:
AND WHY PANAMA CITY AS THE SPECIFIC AREA FOR INVESTMENT
Well you've listen to us now for two pages or so on our views on real estate holdings or investment in Panama. If you want to know the full skinny, with no obligation and a low key approach to introducing you to what's available in real estate either for occupation, renting or investment WITH NO OBLIGATION OR NO HARD SELL TACTICS, shoot Expat World an email and we will get "the Company" (A real estate investment company established and licensed to do business in and by the Republic of Panama). Its business is to engage in the acquisition, management and sale of medium priced condominiums in Panama City, Republic of Panama.) to get back to you via email with the whole story. This is something you SHOULD do if you have any interest in overseas investment, overseas living, retirement in Panama or just want to be able to live the life of the rich and famous on a hot dog budget.
Email office@expatworld.net with "PanCity" in the subject heading. We'll take care of you.
Property Investing often requires creative strategies to make it successful.... Read More
If you're looking for the 'real' Spain where the culture,... Read More
Never has there been such an ambitious and creative drive... Read More
You'd like to buy a vacation home, but you're not... Read More
There are many expenses that come with buying a home.... Read More
As you continue to read about real estate investing, you... Read More
Spain has a lot to offer Northern Europeans and until... Read More
There's something you should know about PMI!Private mortgage insurance is... Read More
What do the Californians know that we don't?What is so... Read More
For decades, the real estate world turned in a predictable... Read More
Traditionally, real estate has been viewed as a sales industry.... Read More
Southern california real estate foreclosure:If you want to find southern... Read More
Once you have contracted us to sell your property we... Read More
One of the most effective and frequently overlooked methods of... Read More
Raw land as opposed to improved property is much more... Read More
Nobody seems to be 'Leaving Las Vegas' anymore ? in... Read More
All of us have emotional preconceptions and assumptions. They are... Read More
Are you using the equity from your home to purchase... Read More
Why without asking your boss? Two reasons, one, he or... Read More
Why commercial property?Compared to residential property investments, commercial property offers... Read More
I really believe in getting an education in real estate... Read More
Homebuyers and sellers should be aware about issues involving homeowners... Read More
Luxury homes are lots of fun to inspect. Sure, the... Read More
Virtually any state in the country has the appeal of... Read More
If you've just bought a house, you may be able... Read More
1.Why are there so many properties on leased land?There are... Read More
When it comes to investing, everybody has certain goals and... Read More
Anyone interested in real estate should be able to talk... Read More
Property Investing Secrets:How Buying Real Estate Is Like Planning a... Read More
They say that the whole process of selling up, buying... Read More
Why would anyone accept a lease option, rent to own... Read More
A New Way to Own a Vacation Home - For... Read More
Property Condition - Seller's What to Expect During the Inspection... Read More
Many real estate investors make $5,000 to $10,000 or more... Read More
Real estate investing is not in any list of high... Read More
In addition to zoning, some properties have covenants recorded at... Read More
You don't get what you deserve - you get what... Read More
We all are thinking about it and some of us... Read More
Over the years several of our clients have had professional... Read More
Condo hotels are one of the hottest products in today's... Read More
We've all made bad decisions in the past. Don't you... Read More
We have become very concerned by the number of readers... Read More
You're selling your home as a FSBO (for sale by... Read More
Homeownership, in any form, is a big step for most... Read More
Description: Even in uncertain economic times like these, history shows... Read More
Excluding some professional real estate agents buying a house is... Read More
The phone range and Peter was on the other end... Read More
The Escrow ProcessBoth Buyer and Seller deserve the assurance that... Read More
Step 1 is always to determine the fair market value(FMV).... Read More
Houses for sale by owner, also known as "FSBOs," are... Read More
I'm often asked about the basics of Design Psychology, which... Read More
New Marketing and Design Psychology ideas help you stage homes... Read More
Q: Hi Lou, I have a property under contract that... Read More
Finding the right buy to let mortgage is crucial to... Read More
Buying and selling property is not as easy as you... Read More
Through our website the most common question that we receive... Read More
Have you ever wondered what it would be like to... Read More
It's amazing how important the sense of smell is to... Read More
In today's real estate market, astute buyers are also looking... Read More
By being creative, you can play the game of real... Read More
So how do you find the best foreclosures. Its not... Read More
If you are serious about selling your home, you probably... Read More
Earlier this month, Realtor Magazine announced that they would be... Read More
When you're selling your own property, whether it's a house,... Read More
By this point and time, many people have heard about... Read More
Are you ready for the lesson that will put you... Read More
Real Estate |