| Bahamas | Brazil | |
| Bulgaria | Cape Verde | |
| Cyprus | Dominican Republic | |
| Egypt | France | |
| Germany | Italy | |
| Morocco | Panama | |
| Portugal | Romania | |
| Spain | Turkey | |
| United Kingdom | United States |
Select a City in Panama
| Boquete | Punta Pacífica |
Why invest in Panama:
The real estate frenzy in Panama continues. More condominiums are being built and planned, and major developments are underway. The country is busy re-inventing itself as Latin America’s regional logistics and services hub, With many people now labelling it Latin America’s Dubai.
Around 300 tower projects, making up more than 40,000 units, are reportedly being constructed or publicly announced. Even the Trump Ocean Club International Hotel and Tower, part of Donald Trump’s $400-million project in Panama City, has started construction.
Panama’s GDP growth rate has been rising rapidly. In 2007 GDP growth was 9.2%. This followed four other good years, with 8.7% growth in 2006, 7.2% growth in 2005, and 7.5% growth in 2004.
Panama City has yields on apartments and condominiums reaching up to 11.23%, for 190-sq. m. units. As the size increases, yields decline but only up to around 7.15%, which is still a good figure.
There are significant tax incentives offered to investors in Panama. First, there are no exchange controls in existence. Second, foreign investment is welcomed and can be freely repatriated, so extracting gains from Panama is no problem. Third, Capital Gains Tax is very low. Finally, 20 year exoneration is also available for property tax on some new construction projects.
Prices in Panama are low in comparison to Europe - water-front city center units, range from $120/sq ft to $400/sq ft. Inland, from around $90/sq ft.
· A capital city investment, with plenty of high-earning locals
· Low purchase costs
· High yielding (residential units can achieve a 7-8% yield)
· Solid Economy - the financial heart of Latin America and, as such, ranks as one of the most important banking centres globally.
· One of the lowest inflation rate and hence, undeniably the most stable economy in Latin America.
· Stable Currency - The national currency (technically the “Balboa”), is matched on a 1:1 basis with the US$, and for all but minor transactions, the US$ is normally used.
· In a recent global survey, Panama was given a safety rating in the highest class, thus meaning it’s amongst the world’s safest places. Results from the Pinkerton Intelligence Agency.
· World-class shopping, eating out, sport fishing and some of the finest golf courses in Central and South America.
· Beautiful beaches!
· Low cost of living
· Closing costs are around 2% of the purchase price, and mortgages are available (subject to status) at rates of around 6.25%, 80% LTV over a maximum period of 30 years.
· Year round weather.
