Panama as a Real Estate Investment Destination
Friday, March 19th, 2010Are you planning to invest your money in real estate? Are you confused, as to, where to invest your hard-earned money? You can consider investing in real estate in Panama.
About Panama
Panama is a paradise like location in Central America with a tropical climate throughout the year. It connects two continents and has a population of 3.2 million with an area of 30,190 square miles, which are all well-connected by roads.
Tourism in Panama
Panama has high quality and quantity of recreational opportunities. From beaches, mountains, islands, parks to historical monuments and indigenous cultural heritage, the country offers ideal facilities for scuba diving, snorkeling et al. Panama has coasts and mountains filled with superb tourist resorts, narrow streets with colonial architecture, tropical forests, extraordinary bird life, mountains with thermal springs and golden frogs. There are about 365 islands in Panama, of which many are still abandoned. Tourists can also see devastated and ruined city left by the pirates in search of treasure long ago. Visitors can also see huge condominiums that laced up with the latest technologies and huddled in areas like Pacifica, Punta, Avenida Balboa and Costa del Este. All these increase the scope for real estate in Panama.
Economy and trade in Panama
Panama has about 75 international and national banks. Moreover, there is an increased demand for jobs in service sector as the international commerce between United States and Asia passes through Panama Canal. The aquatic routes in Panama are going to expand within the next 12 years and would involve 5.2 billion dollars of investment.
The Free Zone in Colon has 1500 offices specialized in import and export of products. This area has 250,000 visitors per year, which in turn generates 11 billion dollars. There are also first-class hospitals, schools, commercial buildings, international flight services. Moreover, Panama has lesser crime rates and very attractive real estate prices.