Brief Introduction to Panama!
There is a reason why numerous travel publications have rated Panama the number one second home and retirement destination in the world! More than its famous and important canal, Panama is Latin America’s paradise. Its excellent weather, diverse ecosystem, breathtaking beaches, high standard of living and truly affordable real estate make it an ideal place to invest in and establish a second home. Read more…
Panama’s Economy
Panama’s economy is growing each year and most of that is a result of the construction boom happening around the country. The country’s key geographic location means that its wealth mainly stems from a well developed services sector which includes the Panama Canal, banking, the Colón Free Zone and tourism. Of course, real estate and the resurgence of the Panama condo market are helping the economy achieve strong growth. The services sector accounts for nearly 77% of the country’s GDP, which has the highest growth per capita in Central America. Read more…
Panama Real Estate Investment
Because of the increased interest in Panama as a retirement destination over the past few years, analysts have predicted Panama as the next hot-spot for increased property value. Increases in tourism and Panama as a hot spot for trade and commerce will also lead to increasing tenancy rates and rental values. Read more…
Retirement Incentives in Panama
When you consider Panama’s low cost of living, affordable real estate, world class health care system and most of all, benefits to retirees, it’s no wonder industry insiders are calling this exotic hot spot the top retirement destination in the world. Read more…
Immigration and Residency in Panama
People wishing to immigrate to Panama have several options and each choice can be easily facilitated with Cpanama Real Estate Corp.’s industry alliances. Non-residents can apply for one of several visas that will allow them to legally live in Panama. The following is a list of the most popular residency visas offered to foreigners, starting with the most popular. Read more…
Facts and Figures on Panama
Official Name: Republic of Panama (Republica de Panamà)
Capital: Panama City
Nationality: Panamanian
Motto: Pro Mundi Beneficio (For the benefit of the world)
Languages: Spanish is the official and dominant language spoken in Panama. However, English is now a second official language.
Population: 3,191,319 (July 2006 ext.) Read more…