According to the Association of Panama Realtors (API), in the first 5 months of the year, the demand for housing in Panama City fell 18%--good for buyers, and a temporary setback for owners……
According to Panamanian real estate analysts, the decline in property prices is a temporary situation. The past few months have resulted in an oversupply of inventory with reduced prices for potential buyers. However, real estate experts predict that recovery will come toward the end of the year as world economies strengthen. Large-scale development projects, while conducting business at a slower pace, are still under construction. Additionally, there ahs been a rise in investors from Central American countries, including Venezuela, Ecuador, Costa Rica and Colombia.
The latest real estate clientele in Panama are looking for economical apartments and hotel rooms, and maintenance and security are of primary concern. Experts claim that priorities and pricing will eventually level out….
Interested in economical properties in Panama? Visit Panama-Land-for-Sale.com to see properties, land, condos, and businesses for sale in Panama City! Capitalize on the development in Panama—Click here for more information.
Showing posts with label business for sale in panama. Show all posts
Showing posts with label business for sale in panama. Show all posts
Tuesday, June 16, 2009
Friday, June 12, 2009
New Developments in Panama Real Estate Market
Local Panamanian realtors have commented that some of the large free-standing homes and mansions have been put up for sale in recent months. Such properties are a rarity, due to the fact that most of the larger homes and mansions are passed down from generation to generation. However, due to a slight slowing of the condo market, and Panama’s increased profile as a “travel and investment hotspot”, these properties are selling very quickly as international investors look to Panama as a tax haven.
In Additional development news, this week, Hilton Garden Inn announced that it plans to enter the mid-priced Panamanian hotel market. The Hilton Garden Inn brand is one of fastest growing within the hotel chain. The new hotel will be a 17-story high rise on Calle Eusebio A. Morales and Calle Enrique Grenzier in the banking and commercial sector. The hotel has signed three multi-year agreements in Panama City--two management agreements and one franchise agreement.
Interested in investing in Panama land? Visit Panama-land-for-sale.com to see properties and land for sale in Panama. Click here to view properties, businesses, and land listings in Panama.
In Additional development news, this week, Hilton Garden Inn announced that it plans to enter the mid-priced Panamanian hotel market. The Hilton Garden Inn brand is one of fastest growing within the hotel chain. The new hotel will be a 17-story high rise on Calle Eusebio A. Morales and Calle Enrique Grenzier in the banking and commercial sector. The hotel has signed three multi-year agreements in Panama City--two management agreements and one franchise agreement.
Interested in investing in Panama land? Visit Panama-land-for-sale.com to see properties and land for sale in Panama. Click here to view properties, businesses, and land listings in Panama.
Monday, June 8, 2009
Good Time for Investment in Panama
Panama has gained international attention in the past few years, mostly due to economically-priced properties and a low cost of living…..
According to La Estrella, Panama’s real estate properties have begun to decrease, for the first time since the boom over the past few years. Buyers have become attracted to Panama due to the cost and quality of living.
Potential buyers may look to Panama right now to find significant deals. Although Panama has not felt the same effects as many countries suffering from the worldwide financial crisis, an estimated 99% of people have reduced the prices of their properties. Currently, properties are priced more realistically with the market. Luxury properties have declined within the city, but in the outerlying areas of Panama, prices have increased slightly. It is predicted that prices will level once demand increases, but investors
Now is the time to buy in Panama! Visit Panama-Land-for-Sale.com to view listings in Panama. Click here to view Panama land, businesses, and condos for sale in Panama.
According to La Estrella, Panama’s real estate properties have begun to decrease, for the first time since the boom over the past few years. Buyers have become attracted to Panama due to the cost and quality of living.
Potential buyers may look to Panama right now to find significant deals. Although Panama has not felt the same effects as many countries suffering from the worldwide financial crisis, an estimated 99% of people have reduced the prices of their properties. Currently, properties are priced more realistically with the market. Luxury properties have declined within the city, but in the outerlying areas of Panama, prices have increased slightly. It is predicted that prices will level once demand increases, but investors
Now is the time to buy in Panama! Visit Panama-Land-for-Sale.com to view listings in Panama. Click here to view Panama land, businesses, and condos for sale in Panama.
Thursday, June 4, 2009
Panama Development on Schedule
According to the Panama Canal Authority chief Alberto Aleman, the Panama Canal’s $5.25 billion expansion is “on time and on target” for completion in 5 years, indicating that the global recession is not causing delays.
The Canal, which was approved by Panamanian voters in 2006, began in 2007. It is slated to for completion in 2014. The project entails the dredging of both the Pacific and Caribbean entrances to accommodate super-sized cargo ships and large freight tankers three times the size of current ships passing. The Canal will provide connectivity between the Pacific and Atlantic oceans that is expected to alter global shipping patterns.
Additionally, the Canal will bring new development to Panama and other Central American countries. The locks will maintain a “water-saving basin”, which allows 60% of the water that fills the basins to be recycled. The project will employ a total of 5,000 construction workers.
The Canal project will relocate thousands to Panama, and is expected to contribute greatly to Panama’s development. Interested in investing in Panama real estate? Visit Panama-Land-for-Sale.com to see properties and land, businesses, and residential real estate in Panama. Click here for more information.
The Canal, which was approved by Panamanian voters in 2006, began in 2007. It is slated to for completion in 2014. The project entails the dredging of both the Pacific and Caribbean entrances to accommodate super-sized cargo ships and large freight tankers three times the size of current ships passing. The Canal will provide connectivity between the Pacific and Atlantic oceans that is expected to alter global shipping patterns.
Additionally, the Canal will bring new development to Panama and other Central American countries. The locks will maintain a “water-saving basin”, which allows 60% of the water that fills the basins to be recycled. The project will employ a total of 5,000 construction workers.
The Canal project will relocate thousands to Panama, and is expected to contribute greatly to Panama’s development. Interested in investing in Panama real estate? Visit Panama-Land-for-Sale.com to see properties and land, businesses, and residential real estate in Panama. Click here for more information.
Wednesday, May 20, 2009
Martinelli Good for Business, Development in Panama
According to La Estrella, new President-elect, Ricardo Martinelli could be good for business in Panama…..
According to an article published in the Tico Times by Leland Baxter-Neal, foreign analysts believe Martinelli will be good for encouraging business in Panama. Martinelli has significant business experience and proven ability as an experienced business manager and negotiator. In addition to owning a chain of highly successful supermarkets, Martinelli has also worked in government. He has held positions as the Chariman of the Board of Directors of the Panama Canal Authority; Panama Canal Minister; and Director of Panama’s Social Security Administration.
While a global recession has slowed down many of the world’s economies, Panama remains somewhat stable. Although it has slowed slightly, Panama’s predicted GDP growth in 2009 is still predicted at 3%, one of few countries to be in positive growth.
Martinelli is expected to be popular among businesses and U.S. retirees and those relocating for business. Martinelli has also claimed that once in office, he will cut corporate taxes, implement a flat tax system, invest in tourism, and plans to fight legislation encouraging further transparency and legislation for the company’s banking industry……
Interested in retiring or relocating to Panama? Visit Panama-Land-for-Sale.com to see real estate for sale in and outside of Panama City, Panama! View condos, land, and businesses for sale in Panama – Click here for more information.
According to an article published in the Tico Times by Leland Baxter-Neal, foreign analysts believe Martinelli will be good for encouraging business in Panama. Martinelli has significant business experience and proven ability as an experienced business manager and negotiator. In addition to owning a chain of highly successful supermarkets, Martinelli has also worked in government. He has held positions as the Chariman of the Board of Directors of the Panama Canal Authority; Panama Canal Minister; and Director of Panama’s Social Security Administration.
While a global recession has slowed down many of the world’s economies, Panama remains somewhat stable. Although it has slowed slightly, Panama’s predicted GDP growth in 2009 is still predicted at 3%, one of few countries to be in positive growth.
Martinelli is expected to be popular among businesses and U.S. retirees and those relocating for business. Martinelli has also claimed that once in office, he will cut corporate taxes, implement a flat tax system, invest in tourism, and plans to fight legislation encouraging further transparency and legislation for the company’s banking industry……
Interested in retiring or relocating to Panama? Visit Panama-Land-for-Sale.com to see real estate for sale in and outside of Panama City, Panama! View condos, land, and businesses for sale in Panama – Click here for more information.
Friday, May 15, 2009
Panama Maritime to Provide Development in Panama
According to La Estrella, shipping companies are opting for Panamanian ship registry.
According to the Panama Maritime Authority (AMP), ship registration presents an opportunity for development in Panama. Currently, there are over 8,400 registered ships under the Panamanian flag – more than any country in the world.
It has been predicted that shipping companies will continue with Panamanian registry, due to the most favorable legislation worldwide. Advantages to both merchant ships and cruise ships include: A faster process that takes only hours for registration; discounts based on ship’s tonnage and type; flexibility based on the nationality of the crew and ship’s owners; judicial safety to clients; and a consular offices in Panama that work with worldwide shipping offices.
This is good for Panama and its development. Direct annual income from ship registration accounts for over $70 million and the income derived indirectly accounts for over $150 million.
Director of Merchant Shipping, Alfonso Castillero claims that from 2007 to 2008, there was an increase of 11% of registered ships. He expects the registry to grow at least another 9%. In the 1st quarter, there were 347 ships registered – 151 of which were brand new ships.
This allows Panama to become a larger player in the international maritime market….Interested in moving, retiring or relocating to Panama? Visit Panama-Land-for-Sale.com to see real estate listings in Panama and Portobelo. Click here to view land, condos and businesses for sale in Panama!
According to the Panama Maritime Authority (AMP), ship registration presents an opportunity for development in Panama. Currently, there are over 8,400 registered ships under the Panamanian flag – more than any country in the world.
It has been predicted that shipping companies will continue with Panamanian registry, due to the most favorable legislation worldwide. Advantages to both merchant ships and cruise ships include: A faster process that takes only hours for registration; discounts based on ship’s tonnage and type; flexibility based on the nationality of the crew and ship’s owners; judicial safety to clients; and a consular offices in Panama that work with worldwide shipping offices.
This is good for Panama and its development. Direct annual income from ship registration accounts for over $70 million and the income derived indirectly accounts for over $150 million.
Director of Merchant Shipping, Alfonso Castillero claims that from 2007 to 2008, there was an increase of 11% of registered ships. He expects the registry to grow at least another 9%. In the 1st quarter, there were 347 ships registered – 151 of which were brand new ships.
This allows Panama to become a larger player in the international maritime market….Interested in moving, retiring or relocating to Panama? Visit Panama-Land-for-Sale.com to see real estate listings in Panama and Portobelo. Click here to view land, condos and businesses for sale in Panama!
Thursday, May 7, 2009
Low Real Estate Prices Cited as Smart Reason to Invest in Panama
A new article by an owner with Panama Real Estate Sol Realty published an article this week, claiming that “Buying Real Estate in Panama Is a Smart Decision”.
Advantages like international trade and financial growth are cited as having made Panama an international real estate destination.
The Top 5 List for Investment in Panama – as determined by Panama Real Estate Sol Realty:
1.) Current Low Real Estate Prices.
2.) Low Cost-of-Living.
3.) Familiar Language – English & Spanish are prominent.
4.) Great Benefits for Retirees.
5.) Favorable Climate.
Interested in moving or retiring to Panama? Visit Panama-Land-for-Sale.com to view properties and land for sale in Panama City, Panama and near Portobelo! Click here for more information on businesses and properties for sale in Panama.
Advantages like international trade and financial growth are cited as having made Panama an international real estate destination.
The Top 5 List for Investment in Panama – as determined by Panama Real Estate Sol Realty:
1.) Current Low Real Estate Prices.
2.) Low Cost-of-Living.
3.) Familiar Language – English & Spanish are prominent.
4.) Great Benefits for Retirees.
5.) Favorable Climate.
Interested in moving or retiring to Panama? Visit Panama-Land-for-Sale.com to view properties and land for sale in Panama City, Panama and near Portobelo! Click here for more information on businesses and properties for sale in Panama.
Thursday, April 30, 2009
Panama Election to Affect Taxes, Land, Growth
The Wall Street Journal reported this week that Ricardo Martinelli, who is the leading Presidential candidate at this time, has proposed a flat tax system if elected.
Flat tax is a system that uses a single, constant tax rate. Oftentimes, the system
is praised for eventually boosting the overall tax collection for a country. The flat tax rate would be between 12%-17% for individuals and 18%-22% for companies. Current corporate tax in Panama is 30% of profits. Panama would be the first Latin American nation to have a flat tax system, and Martinelli believes that the flat tax would “simplify the tax code because it will reduce the informal sector and tax evasion”, according to Frank De Lima, Martinelli’s head economic advisor.
Martinelli is an entrepreneur that owns supermarkets and other businesses. He served as Canal Minister in the early 2000s. Martinelli wants to run the Canal project like a private company and also wants to reduce the size of the government. Additionally, Martinelli wants to promote tourism within the country, claiming “We think we can make a big tourism hub in Panama where we have the Caribbean without hurricanes”.
Panama’s economy is expected to slow in 2009, but will still likely see growth of about 3%. Panama is also waiting for a Free Trade Agreement with the U.S. to be ratified by Congress. The Panamanian elections will be held on May 3rd, and Martinelli is leading his competitor, Balbina Herrera, by a 12% margin.
The new elections will have an impact on Panama’s growth and development. Interested in a flat tax system and relocating to Panama? Visit Panama-Land-for-Sale.com to view condos, businesses and land for sale in Panama!
Flat tax is a system that uses a single, constant tax rate. Oftentimes, the system
is praised for eventually boosting the overall tax collection for a country. The flat tax rate would be between 12%-17% for individuals and 18%-22% for companies. Current corporate tax in Panama is 30% of profits. Panama would be the first Latin American nation to have a flat tax system, and Martinelli believes that the flat tax would “simplify the tax code because it will reduce the informal sector and tax evasion”, according to Frank De Lima, Martinelli’s head economic advisor.
Martinelli is an entrepreneur that owns supermarkets and other businesses. He served as Canal Minister in the early 2000s. Martinelli wants to run the Canal project like a private company and also wants to reduce the size of the government. Additionally, Martinelli wants to promote tourism within the country, claiming “We think we can make a big tourism hub in Panama where we have the Caribbean without hurricanes”.
Panama’s economy is expected to slow in 2009, but will still likely see growth of about 3%. Panama is also waiting for a Free Trade Agreement with the U.S. to be ratified by Congress. The Panamanian elections will be held on May 3rd, and Martinelli is leading his competitor, Balbina Herrera, by a 12% margin.
The new elections will have an impact on Panama’s growth and development. Interested in a flat tax system and relocating to Panama? Visit Panama-Land-for-Sale.com to view condos, businesses and land for sale in Panama!
Wednesday, April 22, 2009
U.S. Moving to Solidify Free Trade Agreement with Panama
Last weekend, U.S. President Barrack Obama, Panamanian President, Martin Torrijos, and Colombian President, Alvaro Uribe, attended the Summit of the Americas in Trinidad and Tobago. Among the topics at the summit were free trade deals with Panama and Colombia.
Currently, free-trade deals (FTAs) between the countries have been stalled in Congress. The U.S. Trade Representative, Ron Kirk, a former Dallas mayor, has stated that the U.S. is “working in good faith” to finalize these deals, and claimed that the weekend was “a very productive summit for the U.S.”.
The summit also addressed NAFTA, the North American Free Trade Agreement, as Obama has blamed loss of jobs on the current NAFTA agreement between the U.S., Canada and Mexico. The U.S. is “seeking opportunities to strengthen” its trade relationships with other countries, including long-term Free Trade Agreements with both Panama and Colombia.
The proposed FTA with Panama is of particular importance, as the Panamanian presidential election will take place in May. Trade Rep Kirk claims that the election “may provide a window to move more forcefully”. Panamanian officials want the FTA approved before the new president comes into office.
A delegate from Panama will visit Washington D.C. this week to resolve disputes over the US-Panama trade deal. Among the issues to be addressed are labor laws and tax laws. The U.S. will address concerns including internationally recognized worker rights and discussions about Panama as a tax haven.
An FTA with the U.S. would further enhance the growth and development in Panama. Interested in investing, moving to, or retiring in Panama? Visit Panama-Land-for-Sale.com for more information about our properties, land, condos, and businesses for sale in Panama, Boquete, and Portobelo. Click here for more information.
Currently, free-trade deals (FTAs) between the countries have been stalled in Congress. The U.S. Trade Representative, Ron Kirk, a former Dallas mayor, has stated that the U.S. is “working in good faith” to finalize these deals, and claimed that the weekend was “a very productive summit for the U.S.”.
The summit also addressed NAFTA, the North American Free Trade Agreement, as Obama has blamed loss of jobs on the current NAFTA agreement between the U.S., Canada and Mexico. The U.S. is “seeking opportunities to strengthen” its trade relationships with other countries, including long-term Free Trade Agreements with both Panama and Colombia.
The proposed FTA with Panama is of particular importance, as the Panamanian presidential election will take place in May. Trade Rep Kirk claims that the election “may provide a window to move more forcefully”. Panamanian officials want the FTA approved before the new president comes into office.
A delegate from Panama will visit Washington D.C. this week to resolve disputes over the US-Panama trade deal. Among the issues to be addressed are labor laws and tax laws. The U.S. will address concerns including internationally recognized worker rights and discussions about Panama as a tax haven.
An FTA with the U.S. would further enhance the growth and development in Panama. Interested in investing, moving to, or retiring in Panama? Visit Panama-Land-for-Sale.com for more information about our properties, land, condos, and businesses for sale in Panama, Boquete, and Portobelo. Click here for more information.
Thursday, April 16, 2009
Investing in Panama - Tips for Entrepreneurs
Matt Landau’s Panama Report published an article last week about the 7 Steps to Panama Entrepreneurship.
Panama is a financially appealing country, as the recession takes its toll globally. Panama offers an increased quality of life and “the timing is still good for new business ideas”. There are payoffs for developing in Panama and there is a significant opportunity to make money. However, one must engage in the local culture to succeed. The Panama Report gives the following 7 tips for the incoming entrepreneur.
1. Find good local contacts.
2. Learn about immigration status and work visas.
3. Work harder than your competition.
4. Execute a unique business plan and keep costs low.
5. Socialize, travel and stay busy.
6. Utilize the unique nature of Panama’s landscape for work and to alleviate stress.
7. Use trial and error to build the perfect staff.
Click here to read the entire article.
Interested in investing in Panama? Visit Panama-Land-for-Sale.com to see businesses, condos and land for sale in Panama! We have properties in Panama City and outer-lying areas near Boquete and Portobelo! Click here to view our properties.
Panama is a financially appealing country, as the recession takes its toll globally. Panama offers an increased quality of life and “the timing is still good for new business ideas”. There are payoffs for developing in Panama and there is a significant opportunity to make money. However, one must engage in the local culture to succeed. The Panama Report gives the following 7 tips for the incoming entrepreneur.
1. Find good local contacts.
2. Learn about immigration status and work visas.
3. Work harder than your competition.
4. Execute a unique business plan and keep costs low.
5. Socialize, travel and stay busy.
6. Utilize the unique nature of Panama’s landscape for work and to alleviate stress.
7. Use trial and error to build the perfect staff.
Click here to read the entire article.
Interested in investing in Panama? Visit Panama-Land-for-Sale.com to see businesses, condos and land for sale in Panama! We have properties in Panama City and outer-lying areas near Boquete and Portobelo! Click here to view our properties.
Monday, April 13, 2009
Panama to Support Entrepreneurship, Land Development
The Panama Star reported this week that a new guidebook has been released by Citi Foundation and the National Competitiveness Center CNC (Centro Nacional de Competitividad).
According to Tourism Ministry head, Ruben Blades, the group has worked to create a national framework for development and to build an “entrepreneurial culture”, create jobs and teach entrepreneurs how to operate a business in Panama. “The Guide for the Establishment of Tourist Micro-enterprises in Panama” will give new entrepreneurs an overview of Panama’s tourism and will also identify tourist locations for new businesses and feature the types of businesses in demand in Panama. Additionally, the guide offers technical and financial support suggestions as well as instructions how to develop a business plan.
The free guide will be distributed throughout 39 communities including: Colon, Tole, Portobelo and Ocu. Blades claimed “This guidebook is essential, it contributes to develop a tourism strategy…We need to educate people, remove their shyness to keep them from doubting they can be entrepreneurs”. The CEO of Citi Panama, Marcelo Gorrini stated “The Citi Foundation invests $200 million globally on micro-enterprises, and the guidebook initiative comes from Citi’s awareness of the role that micro-enterprises play in Panama”. As of today, Monday, April 13th, the guidebook is available online at http://www.cncpanama.org
Interested in investing in Panama? Check out our land development deals at http://panama-land-for-sale.com. We have land deals, condos and businesses for sale in Panama!
According to Tourism Ministry head, Ruben Blades, the group has worked to create a national framework for development and to build an “entrepreneurial culture”, create jobs and teach entrepreneurs how to operate a business in Panama. “The Guide for the Establishment of Tourist Micro-enterprises in Panama” will give new entrepreneurs an overview of Panama’s tourism and will also identify tourist locations for new businesses and feature the types of businesses in demand in Panama. Additionally, the guide offers technical and financial support suggestions as well as instructions how to develop a business plan.
The free guide will be distributed throughout 39 communities including: Colon, Tole, Portobelo and Ocu. Blades claimed “This guidebook is essential, it contributes to develop a tourism strategy…We need to educate people, remove their shyness to keep them from doubting they can be entrepreneurs”. The CEO of Citi Panama, Marcelo Gorrini stated “The Citi Foundation invests $200 million globally on micro-enterprises, and the guidebook initiative comes from Citi’s awareness of the role that micro-enterprises play in Panama”. As of today, Monday, April 13th, the guidebook is available online at http://www.cncpanama.org
Interested in investing in Panama? Check out our land development deals at http://panama-land-for-sale.com. We have land deals, condos and businesses for sale in Panama!
Monday, April 6, 2009
Panama Development to Recruit International Companies
Panama is making the move to attract multinationals in 2009….
Panama’s Law 41 was designed in order to encourage international companies to use Panama as an international business hub. Among the benefits are tax incentives and visa assistance that encourage foreign investment in the country. Additionally, the country’s central location, a stable economy, international banking benefits, and an elaborate telecommunications infrastructure boast business advantages for companies.
Law 41 was enacted in August of 2007 as a joint effort between the private sector and government agencies. As a result of promotion and international marketing campaigns, over 17 global businesses have moved to Panama, including Procter and Gamble, Caterpillar, Roche, Merck, Peugeot, Hyundai Heavy Industries, and Western Union.
The Panamanian Ministry of Commerce and Industry (MICI) claims that Law 41, since enacted, has provided over 500 new jobs to the country. The country expects an additional 25 countries to move operations to Panama.
The country is optimistic as the U.S. recession affects countries around the world. Those companies interested in taking advantage of Law 41 must have fixed assets worth at least $200 million and must present financial statements, bank references and insurance policies before taking advantage of the perks.
Looking to relocate to Panama or invest in real estate? Visit Panama-Land-For-Sale.com to see land, condos, and businesses for sale in Panama City, Panama! Click here for more information about buying land in Panama…
Panama’s Law 41 was designed in order to encourage international companies to use Panama as an international business hub. Among the benefits are tax incentives and visa assistance that encourage foreign investment in the country. Additionally, the country’s central location, a stable economy, international banking benefits, and an elaborate telecommunications infrastructure boast business advantages for companies.
Law 41 was enacted in August of 2007 as a joint effort between the private sector and government agencies. As a result of promotion and international marketing campaigns, over 17 global businesses have moved to Panama, including Procter and Gamble, Caterpillar, Roche, Merck, Peugeot, Hyundai Heavy Industries, and Western Union.
The Panamanian Ministry of Commerce and Industry (MICI) claims that Law 41, since enacted, has provided over 500 new jobs to the country. The country expects an additional 25 countries to move operations to Panama.
The country is optimistic as the U.S. recession affects countries around the world. Those companies interested in taking advantage of Law 41 must have fixed assets worth at least $200 million and must present financial statements, bank references and insurance policies before taking advantage of the perks.
Looking to relocate to Panama or invest in real estate? Visit Panama-Land-For-Sale.com to see land, condos, and businesses for sale in Panama City, Panama! Click here for more information about buying land in Panama…
Wednesday, April 1, 2009
Panama is Where Men Would Most Like to Live
Panama City, Panama has been named as one of ’29 Cities Where Men Would Most Like to Live’.
A new global list of 29 cities where men would most like to live was published by AskMen.com. Panama City, along with Buenos Aires and Santiago, were the leading cities in Central America. AskMen.com took the following criteria into consideration:
Looking to move to Panama? Visit Panama-land-for-sale.com as a resource for moving to Panama and to see our real estate listings in Panama. Looking to buy a condo, land or business in Panama? Click here to see our listings.
A new global list of 29 cities where men would most like to live was published by AskMen.com. Panama City, along with Buenos Aires and Santiago, were the leading cities in Central America. AskMen.com took the following criteria into consideration:
- Livability
- sports and entertainment
- culture
- fashion
- sex and dating
- health
- power and money
- good life
- unemployment rate
- income growth
- ratio of women to men
- cost of a pint of beer
- rate of male heart disease
Looking to move to Panama? Visit Panama-land-for-sale.com as a resource for moving to Panama and to see our real estate listings in Panama. Looking to buy a condo, land or business in Panama? Click here to see our listings.
Wednesday, March 25, 2009
Outer Areas of Panama Offer Economical Land Deals
Yesterday, The New York Times profiled a home in one of the outer-lying areas around Panama City, Panama….
Now that much of Panama City has been developed, there is growth taking place outside the city, in areas up to 90 minutes outside of the city. There are many people taking advantage of economical land and real estate prices, as well as affordable construction costs in order to build their dream homes. There are many retirees that have started with weekend homes where they can ultimately retire.
There are several Indian coastal towns that have become resort towns with condo developments and gated communities in what once were just woodlands. The area provides for homes on both Caribbean and Pacific Coasts. The areas are targets for affordable beachfront compounds with mountain and ocean views. There is spacious land allows for building a dream home on unobstructed-view, cleared lots.
Check out our land deals outside of Panama City, Panama….Visit panama-land-for-sale.com to see the properties, businesses, condos and land for sale in Panama. We have properties near Colon and Portobelo….
Now that much of Panama City has been developed, there is growth taking place outside the city, in areas up to 90 minutes outside of the city. There are many people taking advantage of economical land and real estate prices, as well as affordable construction costs in order to build their dream homes. There are many retirees that have started with weekend homes where they can ultimately retire.
There are several Indian coastal towns that have become resort towns with condo developments and gated communities in what once were just woodlands. The area provides for homes on both Caribbean and Pacific Coasts. The areas are targets for affordable beachfront compounds with mountain and ocean views. There is spacious land allows for building a dream home on unobstructed-view, cleared lots.
Check out our land deals outside of Panama City, Panama….Visit panama-land-for-sale.com to see the properties, businesses, condos and land for sale in Panama. We have properties near Colon and Portobelo….
Monday, March 23, 2009
NY Times Profiles Affordable Properties For Sale in Panama
The New York Times recently reported about the advantageous pricing in Panama…
A One-bedroom, deluxe apartment in Casco Viejo – the Old Town section that is also a UNESCO World Heritage site – offers fully renovated condos with historic features as low as $450,000. Beachfront houses can go for less than $1 million, and “comfortable” apartments range from $175,000 to $400,000.
Panamanian prices have softened somewhat, but have not crumbled like in other international cities. Panamanian banks will typically lend to foreign buyers putting at least 30% down. The area has become popular with retirees and foreign buyers from Europe, Canada, Colombia, Venezuela and Latin America.
Buying real estate is easy in Panama, as costs are only legal fees from $1,500 to $2,000, a transfer tax of 2% of the purchase price and real estate commissions of about 5%. Sellers pay capital gains taxes of 10% of profits on the property.
Many set up corporations to buy property, as it only costs about $1,000 and corporations have better tax advantages for the selling of property. There are generally about $115 a month in fees for condo fees, and no property taxes until 2035 because of government encouragement for growth and development.
Interested in property in Panama? Visit Panama-Land-for-Sale.com to see properties and businesses for sale in Panama City and outlying areas. Click here for more information about moving or retiring to Panama….
A One-bedroom, deluxe apartment in Casco Viejo – the Old Town section that is also a UNESCO World Heritage site – offers fully renovated condos with historic features as low as $450,000. Beachfront houses can go for less than $1 million, and “comfortable” apartments range from $175,000 to $400,000.
Panamanian prices have softened somewhat, but have not crumbled like in other international cities. Panamanian banks will typically lend to foreign buyers putting at least 30% down. The area has become popular with retirees and foreign buyers from Europe, Canada, Colombia, Venezuela and Latin America.
Buying real estate is easy in Panama, as costs are only legal fees from $1,500 to $2,000, a transfer tax of 2% of the purchase price and real estate commissions of about 5%. Sellers pay capital gains taxes of 10% of profits on the property.
Many set up corporations to buy property, as it only costs about $1,000 and corporations have better tax advantages for the selling of property. There are generally about $115 a month in fees for condo fees, and no property taxes until 2035 because of government encouragement for growth and development.
Interested in property in Panama? Visit Panama-Land-for-Sale.com to see properties and businesses for sale in Panama City and outlying areas. Click here for more information about moving or retiring to Panama….
Tuesday, March 10, 2009
Panama Housing Advantages for Retirees
Marketplace Money reported last week that the economic downturn is prompting retirees to move out of the United States in order to obtain a lower cost of living. Panama is one of the primary countries that has seen an influx of retirees and others looking to cash in on the lower prices the country offers….
The U.S. has lost a staggering $2.8 trillion in retirement savings since the economic crisis began. As a result, Panama has become the new “it” place for retirees, with housing costs that are often less than a quarter of rent in the U.S. and custom homes can be built for as low as $60 to $70 a square foot. There are even companies that will assist you in your move should you choose to relocate to Panama with services including filling out necessary forms, bringing pets and finding real estate.
The Panamanian government has given a number of tax incentives, including new construction exemptions from property taxes for 20 years. It is also fairly easy for retirees to obtain visas that allow for discounts on a variety of goods and services.
Interested in economical land deals in Panama? Visit panama-land-for-sale.com for more information about land, condos, and businesses for sale in and outside Panama City, Panama! Click here for more information…..
The U.S. has lost a staggering $2.8 trillion in retirement savings since the economic crisis began. As a result, Panama has become the new “it” place for retirees, with housing costs that are often less than a quarter of rent in the U.S. and custom homes can be built for as low as $60 to $70 a square foot. There are even companies that will assist you in your move should you choose to relocate to Panama with services including filling out necessary forms, bringing pets and finding real estate.
The Panamanian government has given a number of tax incentives, including new construction exemptions from property taxes for 20 years. It is also fairly easy for retirees to obtain visas that allow for discounts on a variety of goods and services.
Interested in economical land deals in Panama? Visit panama-land-for-sale.com for more information about land, condos, and businesses for sale in and outside Panama City, Panama! Click here for more information…..
Monday, March 9, 2009
Panama Growing into Healthcare Retreat
Panama is now being called a destination for “medical tourism”. This newest genre describes the international citizens that are traveling to Panama, across international borders, to obtain medical coverage.
Amid the economic crisis, the plunging real estate market and job cuts, the rise in medical demand is unprecedented, with many unable to afford the “luxury” of healthcare. Currently, even banks are willing to lend to health-related organizations.
The medical tourism industry is growing due to a lack of health insurance and coverage in places like the United States. As a result, many international citizens are looking to places like Panama for all kinds of healthcare from plastic surgery and dentistry to specialized surgery. Travel agencies have begun to capitalize on this growing trend and are offering “health care holidays” at luxury resorts, combining medical and recuperation with vacation. Medical tourism has existed for decades and centuries in places like Bath and St. Moritz. However, the number of Americans traveling abroad will grow from 750,000 in 2007 to 10 million in 2012, spending an estimated $21 billion a year.
The reasons citizens are flocking to places like Panama for medical coverage:
Want to buy a place in Panama? Visit panama-land-for-sale.com to see land deals, businesses and properties for sale in the newest international hotspot of Panama!
Amid the economic crisis, the plunging real estate market and job cuts, the rise in medical demand is unprecedented, with many unable to afford the “luxury” of healthcare. Currently, even banks are willing to lend to health-related organizations.
The medical tourism industry is growing due to a lack of health insurance and coverage in places like the United States. As a result, many international citizens are looking to places like Panama for all kinds of healthcare from plastic surgery and dentistry to specialized surgery. Travel agencies have begun to capitalize on this growing trend and are offering “health care holidays” at luxury resorts, combining medical and recuperation with vacation. Medical tourism has existed for decades and centuries in places like Bath and St. Moritz. However, the number of Americans traveling abroad will grow from 750,000 in 2007 to 10 million in 2012, spending an estimated $21 billion a year.
The reasons citizens are flocking to places like Panama for medical coverage:
- Quality and Price are roughly 20% of healthcare costs in the U.S.
- World-renown hospitals like the Mayo Clinic and Johns Hopkins are setting up affiliate operations in places like Panama and the Middle East.
- Medical operations are completed much more quickly as a result of not having to deal with insurance or public health.
- Patients are able to purchase Global Health Insurance Coverage, private health insurance that provides global coverage.
Want to buy a place in Panama? Visit panama-land-for-sale.com to see land deals, businesses and properties for sale in the newest international hotspot of Panama!
Thursday, February 26, 2009
Panama Development Offers 5 Reasons to Buy Real Estate
It has been predicted by economist Nicolas Ardito Barletta that while Panama’s growth is down slightly this year, falling from 8% to 5%, it is expected to see further growth as the Canal expansion continues.
Panama continues to experience a business and tourism boom that caters to an international tourism and business community. ShelterOffShore.com has given “5 Good Reasons to Buy Property in Panama”. Describing the 5 Reasons as “sound and solid reasons why property in this stunning Central American nation is a good bet for long-term investors, holiday home seekers or even retirees”.
Here are the 5 Reasons -
1) Tourism is Increasing in Panama.
An economical destination that received a 12% increase each year since 04. The country continues to spend to promote tourism.
2) Desirability of Panama and its Property Product.
Because Panama is both a beach city and a metropolis, there are many aspects that are desirable to different kinds of people.
3) Property in Panama Can be Competitively Priced.
There is significant development and current property on the market. Asking prices are across the board and bargains are to be had.
4) Long-term Potential for Profit.
Due to the Panama Canal expansion, local government and businesses are stable. Long-term rewards can be achieved.
5) Lifestyle
The cost of living is much cheaper in Panama than in the U.S. or Europe, allowing a better quality of life.
Click here for the entire article.
Looking for real estate in Panama? Visit panama-land-for-sale.com for information on real estate deals and specials in Panama! Click here to view our residential, business and land deals in Panama!
Wednesday, February 11, 2009
Firm Cites Growth in Panama as Reason for New Office
The second-largest lobbying firm in New York is opening a new company in Panama….
Patricia Lynch, a NY-based lobbyist, has partnered with the Sosas, a Panamanian family, to open Lynch Sosa & Associates. Partner Juan Sosa is the former Panamanian ambassador to the U.S. His son will also be joining the business.
Lynch’s office chose Panama due to the strong growth that continues to take place in Panama. Her office claims:
“It’s like a place that’s got the best of the Caribbean and Latin America, while also having a lot of American connections. It’s a great place to do business”, adding that their clientele consists of “a combination of Panamanian folks wanting to explore New York markets, and the second part is New York and American firms wanting to have a Latin American presence”.
This marks founder Patricia Lynch’s first overseas venture. The firm will be located in Panama City. The office has been planned for the last year. Advantages of maintaining a Panamanian office include that it is in the same time zone as New York, uses the dollar as its primary currency, uses English commonly, and has labor costs, real estate prices and taxes that are much lower than in other countries.
Are you interested in Panama from a business or residential perspective? Check out panama-land-for-sale.com to see properties for sale in Panama. Visit panama-land-for-sale.com to see residential, land and business listings for sale in Panama.
Patricia Lynch, a NY-based lobbyist, has partnered with the Sosas, a Panamanian family, to open Lynch Sosa & Associates. Partner Juan Sosa is the former Panamanian ambassador to the U.S. His son will also be joining the business.
Lynch’s office chose Panama due to the strong growth that continues to take place in Panama. Her office claims:
“It’s like a place that’s got the best of the Caribbean and Latin America, while also having a lot of American connections. It’s a great place to do business”, adding that their clientele consists of “a combination of Panamanian folks wanting to explore New York markets, and the second part is New York and American firms wanting to have a Latin American presence”.
This marks founder Patricia Lynch’s first overseas venture. The firm will be located in Panama City. The office has been planned for the last year. Advantages of maintaining a Panamanian office include that it is in the same time zone as New York, uses the dollar as its primary currency, uses English commonly, and has labor costs, real estate prices and taxes that are much lower than in other countries.
Are you interested in Panama from a business or residential perspective? Check out panama-land-for-sale.com to see properties for sale in Panama. Visit panama-land-for-sale.com to see residential, land and business listings for sale in Panama.
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