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….
Showing posts with label economical land deals in panama. Show all posts
Showing posts with label economical land deals in panama. Show all posts
Wednesday, March 25, 2009
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!
Wednesday, February 18, 2009
Advantages of Panama Real Estate - Banking
The site LoopHoling.com published an article this week about banking in Panama. As a summary, the site explains the following points of banking in Panama.
• There are 150 banks in Panama.
• The types of banking that exist are:
• Banks that can only do business with entities not in Panama
• Banks that can only do business with entities in Panama
• Banks that can do business with those offshore as well as within Panama
• Savings and Loans institutions which invest 70% of long term deposits in Panama real estate
For those not living in Panama, obtaining a Panamanian bank account can be difficult. However for those that own or rent a home in Panama, the process is easier.
Banks will need cell phone number, regular house phone number, mailing address, reason for being in Panama (i.e., retired, moved), bank reference from home country accounting for your banking history and standing, local references, passport and driver’s license, explanation of your source of funds in Panama, and a reference from a lawyer or accountant from your home country.
Checks from the USA take 3-4 weeks to clear and Panamanian checks can only be written within the country. Panama’s stringent bank secrecy laws allow only national governments holding a criminal case on file in the court system is able to collect from Panamanian accounts (the Mutual legal Assistance Treaty), but it is still a timely process. There is no other accepted party that is able to take money from a Panamanian account holder. Read this interesting article in its entirety here.
Looking to move to Panama? We have incredibly economical land and residential deals. Visit panama-land-for-sale.com to learn more about our properties for sale in Panama….
• There are 150 banks in Panama.
• The types of banking that exist are:
• Banks that can only do business with entities not in Panama
• Banks that can only do business with entities in Panama
• Banks that can do business with those offshore as well as within Panama
• Savings and Loans institutions which invest 70% of long term deposits in Panama real estate
For those not living in Panama, obtaining a Panamanian bank account can be difficult. However for those that own or rent a home in Panama, the process is easier.
Banks will need cell phone number, regular house phone number, mailing address, reason for being in Panama (i.e., retired, moved), bank reference from home country accounting for your banking history and standing, local references, passport and driver’s license, explanation of your source of funds in Panama, and a reference from a lawyer or accountant from your home country.
Checks from the USA take 3-4 weeks to clear and Panamanian checks can only be written within the country. Panama’s stringent bank secrecy laws allow only national governments holding a criminal case on file in the court system is able to collect from Panamanian accounts (the Mutual legal Assistance Treaty), but it is still a timely process. There is no other accepted party that is able to take money from a Panamanian account holder. Read this interesting article in its entirety here.
Looking to move to Panama? We have incredibly economical land and residential deals. Visit panama-land-for-sale.com to learn more about our properties for sale in Panama….
Thursday, January 8, 2009
Interpol Visits Internationally Growing Panama
The Middle East Times reported yesterday that the Secretary-General of Interpol, Ronald Noble, is on a tour of Latin America. The international policing organization’s head will visit Panama, Costa Rica and Argentina this week.
Interpol – the International Criminal Police Organization – facilitates “transnational police cooperation” by policing initiatives regionally, nationally and internationally. The organization was formed in 1923 and has National Central Bureaus in countries around the world, as well as their General Secretariat headquarters in Lyon, France. Interpol has membership of 186 international countries.
Noble, due in Panama on Tuesday, is formerly of the United States Treasury and is the first non-European to hold the post. The goal of Noble’s mission is to discuss national and regional policing initiatives with top security authorities. Particularly, Noble was recognizing Panamanian police officers that, through the help of Interpol, were able to capture a Colombian fugitive within 24 hours.
The Interpol tour is more of an indication that Panama truly has become an international city!!! Are you interested in living in or retiring to Panama? Visit our site – www.panama-land-for-sale.com to see some of the most economical land deals!!! Contact us for more information!!!
Interpol – the International Criminal Police Organization – facilitates “transnational police cooperation” by policing initiatives regionally, nationally and internationally. The organization was formed in 1923 and has National Central Bureaus in countries around the world, as well as their General Secretariat headquarters in Lyon, France. Interpol has membership of 186 international countries.
Noble, due in Panama on Tuesday, is formerly of the United States Treasury and is the first non-European to hold the post. The goal of Noble’s mission is to discuss national and regional policing initiatives with top security authorities. Particularly, Noble was recognizing Panamanian police officers that, through the help of Interpol, were able to capture a Colombian fugitive within 24 hours.
The Interpol tour is more of an indication that Panama truly has become an international city!!! Are you interested in living in or retiring to Panama? Visit our site – www.panama-land-for-sale.com to see some of the most economical land deals!!! Contact us for more information!!!
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