Are you looking for an excellent investment for your future? So, consider investing in real estate in Panama! Panama is one of the main real estate investment destinations in Latin America.
This country has become a favorite destination for foreign investors due to its sustained economic growth, its favorable geographical situation and its level of security. This offers investors a unique opportunity to earn a good return on their investments.
Next, we will explain some of the main reasons why investing in real estate in Panama is an excellent idea.
Why invest in Panama?
According to the Global Peace Index, Panama is one of the safest countries in the region. Since 1989, it has had a stable and democratic system of government. It is a powerful tourist destination for foreign travelers, so much attention is kept on security systems.
Real Estate investors can take advantage of tax incentives when disposing, managing, renting or renovating a property. Among the deductions we can mention depreciation, the tax family patrimony law, the exemption for improvements among others.
Sustained economic growth
The connectivity to be the “Hub of the Americas”, a solid banking system, dollarized economy and multiple multinational headquarters have guaranteed the sustained growth of the real estate market in Panama. The World Bank forecasts GDP growth of 5% in the medium term, one of the highest in the region, and the end of 2022 was 6.2%. Panama is one of the countries with the highest economic growth in Latin America in the last 10 years.
Additionally, the national currency is the Balboa, with an exchange rate of 1 to 1 with respect to the American dollar.
Panamanian residency opportunity
The Panamanian migration system establishes special visas for investment and foreign commercial exercise in the country, with the possibility of obtaining residence with the purchase of real estate in Panama.
Due to both its location in the region and its particular characteristics, Panama has long been a hub for flights throughout the Americas. This trend has not stopped growing over time. Currently, from Panama, direct flights are accessed not only to all Latin American and North American countries, but also to Asia and Europe.
Open for investors and trade
Panama has opened its economy to allow foreign investors to invest in the country. This has resulted in an increase in the supply of real estate for investors.
Real estate prices in Panama are very competitive in relation to other countries in the region. This makes it a good option for investors.
Panama is a popular destination for foreign investors. This means that there is a huge amount of real estate available for investors.
World class infrasctructure
Panama has a modern and world-class infrastructure, which makes it an ideal place to invest in real estate.
Panama is a safe country; It is one of the capitals with the lowest crime rate in the Latin American region, in addition to having a very low incidence of natural disasters.
¿Where to start?
Seek real estate advice
Seek the advice of a quality agent with experience in the market. This point is essential when conducting negotiations. It is important that your agent accompanies you throughout the purchase process, including legal and financial aspects.