Leading French property agency Agence Etoile cooperates with AcquirePanama’s top agent Ciara Caponi in Panama, a coastal country ‘par excellence’ which is home to heavenly white sand beaches and lush tropical nature.
Panama links Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its centre, connecting the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos, and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park. But the country is also enjoying a growing reputation as a coastal country “par excellence”, a home to heavenly white sand beaches and lush tropical nature.
No wonder buyers show an increasing interest in buying a property in the country and enjoy its wonders in this upcoming property market gem, linking Central and South America.
The prices for buying real estate vary between 2000 and 8000 USDs per square meter for exceptional apartments. On average we find beautiful products at 4,000 dollars per square meter.
10 reasons to invest in Panama
- The currency is pegged to the dollar. There is no monetary risk taking. The banking system offers reliable possibility of financing.
- Good infrastructure in Panama City. Health, university level and quality of life prevail.
- Geographical proximity to Miami and many flights to Florida and Europe.
- Panamanian nationality is acquired if you invest in the country.
- A place geographically protected from destructive tornadoes and typhoons. Panama is still the only country in the region spared from this problem because it is not in the hurricane zone.
- An attractive tax system in complete legal transparency. No inheritance costs.
- The population speaks both Spanish and English.
- The climate: summer all year round! Sunshine and occasional tropical rain.
- The food is good!
- The diversity of the property offers! From a studio in the Casco, to the Coco del Mar penthouse, to the seaside villas!
Real estate in Panama is about how the Republic of Panama’s real estate industry has grown since 2006, as foreign investments helped to fuel Panama’s economy and housing market. To encourage foreign investments for real estate projects and infrastructure, the government of Panama enacted laws protecting foreigners and citizens who make investments. Like the U.S. and Canada, Panama uses a system of publicly recorded titled deeds as proof of real estate ownership.
Like anywhere else in the world, the pandemic reduced selling and buying activity. Added with the higher interest rates and high inflation, prices were under pressure. The upside of this development is that the price reductions, particularly in the luxury segments, converted the Panamanian market into a solid buyer’s market. Now is the time to buy I Panama!
For more information: contact Ciara Caponi of AcquirePanama and invest with confidence.
Source: Agence Etoile, Wikipedia
