Buying real estate in PanamaTopic: Construction
In Panama, real estate is a fast growing sector that promises to be a lucrative investment option for those seeking to invest in real estate. There is a wide choice in the types of real estate available in Panama. You can choose from land lining the Pacific coast to property in the woods in the interior. You can also buy land in the sultry regions lining the Caribbean coast. As a tropical paradise, Panama offers a lot many amenities. It has a small population, low crime rate and very low pollution. The inhabitants are gracious. Most important of all, land in Panama is affordable compared to other countries lining the Pacific coast and in the Caribbean. The wonderful climate of this country is also one of the reasons why people opt for buying real estate in this county.
In Panama buying real estate is more suitable as an investment because the official currency of this country is the U.S. Dollar. This provides much required stability with the exchange and currency rates. Panama is a fairly developed country and has a good infrastructure. Utilities like cell phone coverage, internet access, cable TV service and similar other utilities are easily available in most parts of Panama. Panama City, especially, has all the expected services and infrastructure, which one would desire.
In Panama buying real estate is especially a good option for retirees. This is because the government of this country offers special discounts and incentives to both nationals and foreigners who buy land here. These incentives include discounts on airline tickets, utility bills, loans, professional and technical services, medicines and admission to sporting events, movie theatres and all other cultural happenings.
It is also beneficial for organizations to invest in real estate in Panama. Many fortune 500 companies have established themselves in this country because of the stable political scene. The trade free zone of the Panama Canal also adds fuel to the economic development of this country. The inflation rate in Panama is very low and has been at an average of 1.4% in the last 30 years. In order to attract foreign investors, the government of this country offers many special programs for them.
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