Why the sudden interest in Panama Real Estate you may suddenly ask yourself one day. You keep hearing about it in the news and the news is good, not the usual crash and burn stuff you read about other countries elsewhere.
Most people are looking at Panama for investment purposes, cheap property, inexpensive housing and a way of life. It could be the easy climate, a country that is tropical, free of the usual bad weather of other tropical countries, that is, without volcanoes, hurricanes, blizzards, tornadoes, winter storms, earthquakes, etc., ad infinitum.
Other benefits you may have heard of include affordable health care, phones, internet, delicious food, easy immigration, great beaches, and a varied landscape. Mountains, rainforests, sophiscated cities, quiet villages and great beaches. The list goes on and on. More importantly, sometimes the most beautiful countries are totally spoiled by unstable politics and crackpot dictators. Not so with Panama. Politically, Panama is stable and peaceful.
Panama’s economy is also more stable than the rest of the world. The major industries are tourism, real estate and banking. Nice to know. The infrastructure is modern and it is possible here to live tax free.
Electricity is expensive – that is one of the drawbacks. But the crime rate is pretty low. The people are warm and friendly. You will quickly lose your status of being "a stranger".
If you are considering moving to Panama and purchasing some real estate in Panama, you should know, there is a real estate boom in Panama. Housing, whether single family dwellings or condos or communities for retirement, Panama has it all.
