(1888PressRelease)
August 31, 2007 - Although property prices in Panama continue to rise and in some cases real estate values have doubled in just over a year, the average property in Panama is still considerably less than in North America or Europe. Baby boomers looking for an excellent real estate investment and a perfect location to retire are heading to Panama. Not only does Panama offer low cost of living backed with a solid economy and stable currency (Panama uses the U.S. dollar), but it also offers numerous tax incentives and an extensive retiree benefits package. Combine that with impressive scenic beauty and over 1300 miles of coastline and it is not hard to see why Panama has become such a hot place for real estate investors.
“You get more for your money with Panama real estate," said Shelley Moore of TropilandPanama. "And as more and more people discover Panama, the potential for growth is tremendous.”
Numerous news articles confirm this claim, including reports in the "New York Times”, “Boston Globe”, “International Living" and the “Robb Report” all discussing the advantages of buying real estate in Panama. In 2006 alone Panama saw a 14.25% growth in the tourism industry and realized an 8.1% economic growth rate. Further, Panama has been ranked the #1 place to retire for 5 consecutive years and every year more and more foreigners are investing and retiring in Panama.
With property coast soaring in Europe and North America, Panama is an excellent alternative for citizens looking to invest in property or a retirement home. Panama offers many of the same amenities at a fraction of the cost and Panama City is one of the most modern, urban centers in Latin America. The recent approval for the expansion of the Panama Canal, which is scheduled to run for the next 10 years, is also very positive news for sustained high rental yields and occupancy rates.
"If you're looking for long-term capital growth then consider Panama real estate now and get in on one of the worlds most exciting real estate markets," explained Moore. "Whether you are interested in having a second home, retirement home, or investment property, Panama is the right choice."
Shelley and her staff at TropilandPanama offer a complete resource of information regarding the Panama real estate market on their website at http://www.TropilandPanama.com.
The launch of their new blog at http://tropiland.blogspot.com/ also provides up-to-date real estate investment information and serves as a way to communicate Panama-related information directly to their clientele.
TropilandPanama assists people in finding and buying the perfect property that is right for them. They offer a customized, all- inclusive approach to real estate investing in Panama with a team that includes lawyers, surveyors, translators and builders. “We like to go the extra mile with our clients to ensure all their needs are met,” says Moore.
"We use our reputation and experience in the Panama market to find the best real estate opportunities for our clients," explained Moore. "We negotiate prices directly with property owners and developers and have exclusive access to land and projects that you won't find anywhere else," she added.
For additional information please contact Shelley Moore in Panama: 507.6651.6493 or in the U.S.A.: 1.775.295.9513.
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