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.

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