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Welcome to Panama!
I have a large selection of apartments, Hotels, Land, Villas & blocks for sale. The figures here are just a guide, contact me with your request.
I have been retained as a consultant by a real estate development company with a great investment opportunity in Panama. The market there is booming like Florida was 5 years go. There are so many reasons why this is happening.
Foremost is the widening of the Panama Canal. Import export business will boom and over 400,000 businesses will have to find residences for their key employees near the Panama Canal. I have an exclusive on several beautiful condo buildings right now that will not be complete until 2008/2009. Contracts for these units are completely assignable and prices are increasing at a rate of as much as $50,000 every 6 months. I also have an exclusive on 3 bedroom vacation homes on the ocean that start at $260,000. That’s right $260,000 for a 3 bedroom home on the ocean! You will have NO property taxes for at least the first 10 years. Take a look at some of the information I have gathered below. This is the opportunity that you have been waiting for. Call me and I will give you all of the information that you need as well as access to the developers brochures and pricing and other materials so that you can see for yourself.
Here are just a few of the benefits for you in Panama:
• $7.7 Billion dollars being spent to widen the canal
• U.S Dollar is the currency
• Property's are renting for 1% of the sales price
• Safety (as The Pinkerton Global Intelligence Agency has given Panama its highest rating// 100 plus year relationship with the US.
• a location free from the path of tornados, hurricanes and major earthquakes --NEVER had a "natural disaster"
• Property taxes are deferred 10- 15 years, based on purchase price
New York Times recently wrote. “Panama is increasingly lighting up the radar screens of those searching for an affordable alternative to the more traditional south-of-the-border retreats in Mexico, Costa Rica and the Caribbean, where escalating prices increasingly rival those along America’s own beachfronts.”
Forbes Magazine (July 11, 2005) praised Panama as a recommended “PARADISE FOUND. WHERE TO RETIRE ABROAD, where a U.S. couple purchased a lot on a hill overlooking a golf course and have built a three-bedroom, white stucco house with a red tile roof, total cost $250,000, in Boquete.
National Association of Realtors, Tom Stevens, who is their current president, recently, visited Panama and explained, “We’re seriously thinking of investing here. It’s a great opportunity. Prices are what it was like in the U.S. 20 to 25 years ago.”
The London Financial Times wrote in its April 14, 2005 issue that Panama is now passing Costa Rica as the place to invest. “Like Costa Rica, Panama is loaded with exquisite beach towns, has inviting tax and ownership policies for foreigners and a long history of political stability. Moreover, Panama City is an urban, safe city that has a long history of US presence because of the canal. Chuck Bedsole, who oversees Latin American real estate for PriceWaterhoseCoopers, thinks Panama is at an early stage in the real estate boom.”
Conde Nast Traveler’s October 2004 issue declares, “Panama is the new Central American bargain where the U.S. dollar - the market currency - goes a long way.”
Read what major publications
are saying about Panama!
"… property here remains a fraction of what one would pay for similar real estate in the United States. And with enticements like a 20-year suspension of property taxes to those who build houses or renovate in a historic district, and an income tax hiatus for those starting some small businesses, the opportunities are appealing not only for those seeking a place to retire but also for entrepreneurs."
--The New York Times
"… hands new American retirees a property-tax exemption and steep discounts on everything from movies to surgery… You can live in a nice place by the water, and you can live dirt-cheap…"
--Newsweek
"… lets retirees import a car tax-free every two years, import $10,000 of household items tax-free, and buy property tax-free…"
--The Wall Street Journal
""Property prices are predicted to rise by 400% over the next four years…"
--London's Daily Mail
"The most beautiful retreat in the world…"
--Harpers Bazaar
"The best adventure destination of the year."
--Porthole Cruise Magazine
"The Number One Retirement Destination in the Western Hemisphere"
--Modern Maturity Magazine
"Panama is a tax haven…a privacy haven…an asset haven…a residential haven, and a haven for liberty."-- Former U.S. Congressman Bob Bauman, Chairman, -The Sovereign Society
"Panama: So hot right now… Less pricey real estate, far lower cost of living… Come on down: The price is right…" – USA Today
"While Costa Rica is a great success story, it is hardly an undiscovered gem. That description may apply more outside its southern border in Panama." - London Financial Times
"Panama is the new Central American bargain, where the U.S. dollar – the market currency – goes a long way. The country ranks second only to Switzerland as a tax haven…" - Conde Nast Traveler
"…An undiscovered tourist paradise." - Boston Globe
"Long overshadowed by eco-tourism heavyweights Costa Rica and Belize to the north, Bocas del Toro is starting to emerge as the newest star in the eco-tourism pantheon." - Gannet News Service
"…a group of like-minded Americans, lured by cheap land and a government aware of the fragility of its natural resources, are creating a new version of the Gold Coast, a Riviera with an eco-friendly agenda…" - New York Times
"…blissfully pristine and low-key…It's a trip back in time." - Men's Journal
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