Features & Benefits
Panama has developed over recent years into a hotspot for property investment and retirement. The interest in the market is expanding at a fast pace as the benefits of purchasing in the location become increasingly apparent. As a holiday and relocation destination, Panama offers a fantastic range of features to suit all preferences. Along with the Panama City metropolitan district with its tax free commercial zones and impressive architectural skyline, the country offers stunning beaches, rainforest filled mountains and enchanting lake districts.
Trade and commerce in the region has assisted with the ever growing economy of Panama, acting as a gateway hub for various industries. The strategic geographical location with Caribbean and Pacific coastlines further assists with the increased potential of the country’s economic growth. The expansion of the country as a trading and financial centre for businesses offers fantastic potential for buy-to-let investors, as the demand for rental properties continues to remain high.
Financial benefits for investors entering Panama’s property market include currency stability, directly linked with the US dollar. Newly purchased real estate is exempt from property taxes for the initial 20 years, followed by progressive tax rates and exemptions. The taxation benefits in Panama have attracted a large scale interest in the location, coupled with the near absent associated purchasing costs. Financing arrangements provide a variety of borrowing options to both residents and non-residents, increasing buying potential.
Property options in Panama are attractive to all investor levels, with various features assisting the location with gaining a reputation as the new property hotspot with future growth potential. Real estate in prime locations is offered at attractive prices, well below similar style properties found in Europe or nearby Florida. Luxury amenities, beach front homes and world-class golf courses add to the attractions in a destination where English is a widely spoken official second language.
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