As always, stable increases in tourism and Panama as a destination for commerce and trade have made Panama attractive to investors within the country, and to foreign investors. The steady increases in these areas also lead to increases in tenancy rates and rental values. The most interesting thing about real estate in Panama is the future. Real estate in Panama has yet to reach it’s potential, because it hasn’t reached mass market appeal, which makes this a perfect time to invest with the prices low. To start, the construction industry is booming in Panama, with expansions to the skyline of Panama City with incredibly interesting architecturally inspired and luxurious buildings. You’ll find some of these outstanding places in prime locations with breath taking ocean views, and acres of parkland surrounding the property. This is just one example of the new developments in Panama, and more specifically with real estate in Panama. One of the reasons why prices are still low is because it has all happened so fast for Panama.
These days, investing in Panama pretty much guarantees a substantial capital gain, especially if you consider what the Panamanian government is doing to improve its infrastructure being in the foreign market. Real estate in Panama is going for as low as one-hundred dollars per square foot or one-hundred and seventy dollars per square foot for bay-front properties in Panama City. You’ll pay up to one-thousand dollars per square foot for a similar property in Florida.
If you’re looking to invest in real estate in Panama outside of the city, there are a great number of options for you to take advantage of in this market. The highland real estate in Panama is especially intriguing. They experience fresh, cooler climates compared to the rest of Panama, you can find breath taking mountain views, exhilarating nature trails, and a much slower paced lifestyle. It’s a perfect spot if you’re looking to retire on a piece of real estate in Panama.
You can’t talk about real estate in Panama without getting to the amazing beachfront and waterfront property available both on the Pacific and the Caribbean coasts of Panama. Master planned communities are being built by world-class architects with European style beach side villas and condominiums. You’ll find resorts with immaculate eighteen hole golf courses, elegant beaches, and spectacular views.
Tax incentives for real estate in Panama are important. You can get a twenty year exoneration on property tax for newly purchased properties, and foreign income is not taxable in Panama. Also, capital gains tax is only at ten percent.
Please look through some of our articles on this site to learn more about real estate in Panama.