Many of us looking to invest in real estate lately are finding that prices are sky high and options in the home market are seriously limited. That’s why looking beyond the border, and particularly to the tropical South, is such an attractive alternative.
Modern, cosmopolitan and with a healthy economy, Panama stands out in Central and South America as a haven for expats who want to make a sound investment and increase their quality of life. Whether you’re looking for a home away from home or planning ahead for a comfortable yet active retirement, Panama is very likely a good fit for you.
Why you’ll love the Panama lifestyle
With a rich, multicultural history -which owes a lot to its unique location- Panama is home to people from all over the world who have easily adapted to the Panamanian lifestyle and live alongside the locals, enjoying their traditions and famously welcoming attitude.
Panama is one of the fastest-growing economies in Latin America, and the US dollar is the country’s official currency alongside the Panamanian balboa. This translates into a reliable economy, first-rate infrastructures and a bustling cultural scene with plenty of entertainment options.
The country is also known for its robust health system with prestigious facilities like Pacifica Salud, one of the best hospitals in Latin America and the only one in the region affiliated with Johns Hopkins Medicine International.
The Expat Life Made Easy
Aside from being a safe, stable country, both politically and economically, Panama makes it easy to invest and live there as an expat. For example, income earned outside of the country is tax free in Panama, and the local corporate tax rate is only 25%.
If any of this piques your interest, make sure to read up on Panama’s Golden Visa, a simple invest-for-residency program in which a US$300,000 real estate investment grants you permanent residency immediately.
Panama Real Estate: Where to Invest
There are plenty of great locations in Panama where investment has been growing. Panama City's Old Town, for example, has become a vibrant, modern area thanks to extensive renovations developed over the last decade.
Because Panama has thousands of miles of coastline, opting for a beach location is also popular. Areas like Panamá Pacífico, Punta Pacífica, and Costa del Este are home to expats and locals alike who enjoy being close to both the ocean and the city center.
But if you’re looking for a natural sanctuary with breathtaking views, then developments like Altos del María, are your best option. Because it’s only 90 minutes from Panama City, in Altos del María you’ll have the feeling of being away from it all without giving up any city comforts.
This exclusive community nestled in the mountains is perfect for people with an active lifestyle and love of nature. Hiking, bike rides, tennis courts, pools and great restaurants… it’s all in Altos del María.
So with plenty of excellent areas to choose from, from the city to the beach and the mountains beyond, Panama is a small but rich and diverse country where making a home for yourself or your family will be a breeze.
