Nice Live Inn Panama

Archive for the ‘About Panama’ Category

Some move to Panama to start over and seek adventure in an exotic land. They are tired of deadend jobs or the rat race and want new challenges, a chance to pursue their dreams and achieve greater personal growth. As an expatriate, you have the challenge of immersing yourself in a new culture and, if you choose, the rewards of learning a foreign language.

Newcomers will make friends easily because foreigners gravitate towards one another. One Florida transplant told us he had lived in Florida for 20 years and hardly ever had contact with his neighbors. He claims not to be the most sociable person in the world, nevertheless he has made over a hundred friends in Central America. He proudly says, “Everywhere I go, I bump into people I know.”

Adjusting and Keeping Busy
Adjustment to a new way of life can take many months. However, an open mind, a positive attitude and a willingness to seek out new experiences can make the transition relatively painless.

Central America, especially Panama and Costa Rica, has come a long way in the last decade. Satellite and Direct TV, private mail service and the Internet make it easier to stay in touch with family and friends in the United States and keep up with what is going on all over the world. If you do not own a computer, you can go to an Internet café.

Panama’s modern technology has made life easy for foreign residents. In most areas of the country you can get cash at a local ATM, manage your investments online, and read almost any major newspaper in the world the day it comes out.

You will never be bored here unless you choose to be. Panama has something for everyone. This little known country offers a real paradise for the nature lover with its uncrowded beaches and mountains, the fishing enthusiast and water sports fanatic as well as the retiree. You can find hundreds of interesting activities such as movies in English, support groups, computer and bridge clubs. You name it, and Panama has it.

However, is that it offers some of the best real estate on the planet at affordable prices. The price will eventually go up as the rest of the world catches on. There’s only so much beautiful beachfront and prime real estate left in the world. When one considers that almost every bit of the coastline in the U.S. is becoming overcrowded and overpriced, Panama seems like a bargain.

An excellent transportation and communication network, the highest per capita income in Central America, a well-developed economic infrastructure, every imaginable activity to stay busy and happy, a government which goes to great lengths to make retirement and living as easy as possible, contribute to Panama’s appeal and make it one of the world’s top retirement and expatriate havens.

Panama’s affordable medical care is among the best anywhere. The quality of health care is comparable to North America but the prices are one half or less! A local Panamanian Insurance Company can provide full medical insurance for under $50 per month per person. Even if you have to pay out of your own pocket, medical costs are still affordable.

Panama has an over all life-expectancy rate of 75.68, which is almost as high as — (72.94 for men and 78.53 for women)—the United States (76 for men, 79.8 for women).

Hired help is a bargain when compared to prices up north. A full-time maid can be hired for under $200 per month.

In Panama any legal resident may buy and own property. Retirees do not have to pay property taxes until they sell their homes. On new homes there is a 20-year exoneration from taxes. Property prices are very reasonable when compared to what you’ll pay in the U.S., Canada or Europe. A decent apartment may be rented for as little as $200 per month. A luxury apartment in the best area of Panama City can range from $500 to $800 monthly. A new home may be purchased for under $50,000. Actually, an investment in Panama today is much better than an investment in California real estate was 30 years ago.