| Real Estate Investment in Panama |
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Panama is a democratic country with political stability and a prosperous economy. The era of political excitation, instability, and civil war in Central America are long gone . Manuel Noriega is serving his second prison sentence, in France this time. Panama does not want him back, ever. Things are too good here to even think of a return to a strong man dictatorship. The political sermon in Panama is active, labor strikes abound and everyone has money to spend . Panama has the greatest per capital investment from the USA of all Latin American countries. Besides the USA there are many other foreign investors here. Projects range from improvement and expansion of container shipping facilities and Panama ports to Latin American headquarters and teaching centers for international companies . Real Estate Investment in Panama still remains a strong proposition and the marketplace is still active and fairly strong. Both the steady flow of retirees and second home buyers from North America have helped establish a strong high end housing market in Panama. Investment in real estate has helped many retirees prosper in their "semi" retirement. Political Stability and Investing in PanamaPanama's government is friendly to investment . New home construction is free of property taxes for twenty years. Condos valued at less than $80,000 receive a subsidy to offset mortgage interest. Despite a bouncy political discussion and labor strikes there is no perceptible risk of a return to Noriega style strongman politics here. Investment in Panama Real Estate is rearing all ships and no one, labor, industry, or the government wants to rock that boat. Commercial property is especially attractive in Panama as the economic boom here has no end in sight. The need for goods and services is matching the increasing payrolls and property values. Rental to local businesses allows one to prosper with the economy as, unlike the low end of the housing sector , commercial property has no rent controls. Overall, investing in Panama Property is still a worthwhile consideration. Contact AB Panama Real Estate experts for guidance and advice. |