If you have been thinking about purchasing some real estate in a foreign country – either to retire or as a vacation getaway – then there is no better choice than Panama real estate. Panama real estate has become attractive to people from all over the world. Once you research a bit more, you’ll soon discover that real estate in Panama is probably the best investment you can make. Let’s take a look at a few reasons why.
1. Panama Real Estate is Inexpensive
Panama real estate is some of the most affordable real estate in the world. Your dollar can really stretch far in Panama. This is largely due to the fact that the Panama government is extremely accommodating and welcoming to foreigners. They have implemented several policies to give foreigners the greatest incentive to establish residence here. The first policy is that there is absolutely no tax on any income earned in other countries. If you have a profitable business abroad, or if you telecommute to work, then the Panama government won’t take a dime.
They also don’t charge property taxes on anyone who is retired. If you are retired, your Panama real estate won’t be taxed until you sell your home. Finally, there is a 20 year exemption from taxes on all new homes. This means that if you purchase Panama real estate, it won’t be taxed for a minimum of 20 years.
2. Panama Real Estate is Comfortable
If you purchase Panama real estate, you’ll instantly feel right at home. Panama is by far the most developed of all the Central American countries. Your Panama real estate will have access to roads, electricity, and running water. If you decide to leave your Panama real estate and head into Panama City, you’ll find that most people speak English. You’ll have access to all the latest technological gadgets that are produced in the United States. You’ll have all the comforts of home.
3. Panama Real Estate Offers Security
Your Panama real estate will be located in one of the safest places in the world. Panama is governed by a democratic system that has already seen three peaceful transfers of power. The well-trained police force and low crime rates will ensure that your Panama real estate is well protected. You and your family will always feel safe.
4. The Best Place to Buy Panama Real Estate
The best place to buy Panama real estate is undoubtedly on the Azuero Peninsula. This is one of the few places on earth that still offers people a chance to live amongst the stunning natural beauty of Panama. The Ocean Ridge Estates are conveniently located on 102 acres of the Azuero Peninsula. You’ll spend your days walking down the beach just a short distance away and gazing into the Pacific Ocean. You might decide you want to explore nature in one of the surrounding national parks. When you get home, you can go fishing in the river that runs next to your Panama real estate.
Panama real estate is one of the best investments you can make. You’ll be astounded by the spectacular views from your property and by the low prices. The only bad part is that these properties are going quickly; so if you want to ensure that you beat the crowd, you’ve got to act now.