Panama has one of the fastest growing economies in the world. This has held true during the recent world economic recession, where Panama continues to realize sustained growth. The real?estate market in Panama is particularly attractive for people looking to live, work, retire and invest there. Panama’s real?estate development is a result of direct foreign investment in the Panama economy, the fast growing middle?class, great retirement benefits, low cost of living, excellent weather (no hurricanes, tidal waves or tornadoes) and favorable tax laws including those that prevent real estate taxes for 20 years.

Location

Panama is a relatively small country in Central America that shares its borders with Costa Rica to the north and Columbia to the south. The country has just over 3 million citizens that speak Spanish; however, English is widely known and understood. Panama is home to pristine white sand beaches, world?class sport fishing, great surfing, beautiful mountains and luscious rainforests that all provide for exploration and adventure. Panama is only a two and
half hour plane ride from Miami, Florida and enjoys a healthy relationship with the United States. Because of this relationship, Panama has no military, and accepts the US dollar everywhere. The country enjoys a tropical climate year round with cooler temperatures in mountains. There has not been an earthquake, hurricane, volcano or tsunami for over a hundred years! Panama’s most valuable resource and driving factor in the globalization of the country is the Panama Canal although, tourism and foreign investment has been increasing rapidly.