Panama has seen a significant rise in the number of Europeans moving to the country. Because the euro has strengthened in the current economy, a large number of European investors are shifting their dollars to Panama.
The European real estate market, like that in America, has softened substantially. Comparably, Panama offers a huge discount on real estate, as well as cheaper energy costs. The coastal areas, like Casco Viejo, are reminiscent of Europe with a variety of architectural styles and cultures.
Panama’s offshore banking is also appealing to Europeans, as Euro banks laws become more stringent. The area is more affordable and offers a better standard of living, without the expense.
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Read your article about Europeans moving here. By coincidence I ran into two very English-fluent Norwegians a couple of weeks ago. They are here setting up a business. Then the next night at the Hotel Panama my family ran into four Swedes, also quite fluent, scouting out business opportunities.
On the other hand my friend, James Quin, a Brit, has run ABPanama just down the street from the Mariott for several years. It appears the invasion is just picking up steam.
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