5 Things Americans Should Know Before Making a Real Estate Investment in Panama

 

Panama is the ultimate destination for a tropical getaway, with its sandy beaches, lush rainforests, and laid-back atmosphere. But Panama is also an attractive destination for American investors looking to put their money into the real estate market.

 

If you're thinking of buying property in Panama, then you are making a sound investment. Panama is generating headlines as one of Latin America's most exciting property investment destinations. Here are a few things you should know before buying property in Panama:

 

1. Economic growth

Panama has been exceptionally stable for the last two decades despite global volatility. It has experienced continuous development since 2005 and is ranked in the top 50 of more than 130 assessed economies in terms of new technologies by the World Economic Forum’s Competitiveness Report.

 

2. Quality of life

Panama offers a high quality of life. It was ranked as one of the best cities to live in by The Economist magazine. The cost of living is also very reasonable, with food and transportation costs being lower than in most North American cities. From a great nightlife scene to outdoor activities, there is something for everyone.

 

3. Property values

The real estate market in Panama has been booming in recent years, and property values are increasing by double digits annually. This trend is expected to continue as more and more people discover Panama as a retirement destination and investors seek to cash in on the country's economic growth.

 

4. Rental demand

Thanks to its growing economy and influx of tourists, Panama has a high demand for rental properties. This is good news for investors, as it means that there is a ready market for your property should you decide to rent it out.

 

5. Open investment opportunities

Panama is a great option if you're a foreign national looking to invest in property. With Law 41 granting tax incentives to establish businesses and no restrictions on ownership, the process of buying or selling property here is straightforward.

 

Now that you know a little more about investing in Panama's real estate market, it's time to start your search for the perfect property. Go ahead and experience the Panama difference!