Nice Live Inn Panama

Archive for the ‘About Panama’ Category

One can invest in property or buy a place for investment in any region of Panama but for Expat World its money is on properties in Panama City. We’ve been there more than a few times and we personally rate Panama City in the top three metropolitan cities of world that one can afford to live in and enjoy a good life in. Panama City has world-class restaurants, five-star hotels, international banks, hundreds of multinational businesses, a Manhattan-type skyline, every imaginable luxury … all at about half the price you’d pay in Miami. AND it’s only a few minutes to a few hours to the beaches, mountains, country side of Panama itself. It has all the infrastructure one might want AT HAND and just a short distance from the romantics idea of paradise just a short distance away.
On the esthetic side, few places in the world offer spring-like weather year-round, a low cost of living, safety, security, peace of mind, beautiful landscapes. It has mountainsides covered with flowers and planted with coffee and beautiful waterfalls … not to mention the best pensionado program (retirement program for foreigners) in the world. We’ll tell you more about that later. It’s a real benefit for the retired expat, making your buck stretch a long way. And we do mean bucks, for the US dollar is the official currency of Panama.

If you’ve followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you’re looking for a place outside U.S. borders to retire, Panama should be given very serious consideration. Panama has a lot going for it.

And even if you don’t plan on retiring or living in Panama, Panama has also rated the very highest in real estate investment opportunities for those of you who would like to make their money from a distance.

Here’s what is being said about Panama by some of the bigger players in the real estate market: “Real estate in both emerging and developed markets outside the United States offers some of the best investment
opportunities in the world right now. ” – Ricardo Griffin – the Offshore Guru at OMA. Ltd, international offshore consultants, located in Panama.

“Global real estate will be the only major asset class that could deliver double-digit returns over the next five years.” – Barton Biggs, Chief Global Strategist and Chairman Morgan Stanley Investment Management, Pensions and Investments

“The good news in global real estate – it’s no longer exclusively for the mega-rich!” – Lief Simon – Editor, International Living and Global Real Estate Investor

The Panamanian currency is the Balboa and has the same value as the US dollar, so you will not have to convert money.. Panama uses US paper currency and has its own coinage which has the same denominations, shapes and sizes as US coinage. It is probably easier to find an ATM machine than to cash travelers’ checks in Panama, so travelers’ checks are not recommended.

All major credit cards are accepted in Panama at most shops, supermarkets and hotels. However, you do require currency for making small payments.