Panama has experienced spectacular growth and development in the real estate sector over recent years, gaining worldwide appeal due to various preferential investment factors. Tax incentives have held strong appeal for both investment and re-location buyers, along with the extensive growth potential from ever increasing demand.

As more buyers flocked to take advantage of Panama’s ideal real estate investment opportunities, the appeal of all the regions the country has to offer became increasingly apparent. The discovery that Panama features a wealth of regional attractions besides the concrete jungle of luxury city centre living widened the appeal of the country’s real estate market attraction.

Alongside personal preferences, the end result of the intended investment should be taken into account when deciding upon the ideal location for a property purchase. While a secluded mountain or island retreat may appeal as a dream holiday getaway, if striving for the highest rental yield returns and fast capital appreciation, properties in these preferred areas may not provide the expected returns.

Panama City

Panama City is one of the first images of the country’s real estate sector for those who are new to the market. For city living amidst a cosmopolitan business environment, Panama City certainly does offer an extensive variety of opportunities. Upmarket, modern and spacious apartments are available at comparably lower prices in comparison to the city’s established market counterparts. Divided into various neighbourhoods, Panama City offers variety from quaint to ultra modern, with something for all preferences. (more…)

Leading up to 2009 it appeared that Panama may have been fortunate to escape the severe economic and real estate downturn that had been devastating other markets around the world. Unfortunately Panama was not immune and the start of 2009 saw a steady decline. Occurring much later than other world markets gave Panama the advantage of taking any necessary steps to avoid a severe downturn and following approximately 6 months of decline, the market has now started to level.

The sector hardest hit by the economic downturn has been luxury housing, predominantly reliant upon the foreign buyers market. A move into developing affordable homes for the domestic population has seen the beginning of a major turnaround in the construction sector, adapting to the strongest demand in the current climate.

Panama developed over recent years as a preferred overseas re-location and investment destination amongst foreign buyers, especially from the United States and Canada. Europeans have more recently discovered the attractions of Panama, with taxation advantages, minimal associated buying costs and demand exceeding supply. As a re-location destination, Panama provides an excellent opportunity with all of the beneficial attractions. Located only a short flight from major North American cities, the culture enabled an ease of transition, where the dollar currency provided secure financial stability. (more…)