The Republic of Panama is a democratic country with political stability and a flourishing economy. The days of political upheaval, instability, and civil war in Central America are long over . Manuel Noriega is serving his second prison sentence, in France this time. Panama does not want him back, ever. Things are too good here to even think of a return to a powerful man dictatorship. The political discourse in Panama is active, labor strikes abound and everyone has money available .
Panama has the highest per capital investment from the USA of all Latin American countries. Besides the USA there are many other foreign investors here. Projects range from improvement and expansion of container shipping facilities and Panama ports to Latin American central office and education centers for international corporations .
Real Estate Investment in Panama still remains a worthwhile proposition and the marketplace is still active and fairly strong.
Both the steady flow of retirees and second home purchasers from North America have helped establish a strong high end housing market in Panama. Investment in real estate has helped many retirees prosper in their “semi” retirement.
Political Stability and Investment in Panama
Panama’s government is friendly to investment . New home construction is free of real estate taxes for twenty years. Condos valued at less than $80,000 receive a subsidy to offset mortgage interest.
Despite a springy political discourse and labor strikes there is no perceptible risk of a return to Noriega style strongman politics here. Investment in Panama Real Estate is bringing up all ships and no one, labor, industry, or the government wants to rock that boat.
Commercial property is especially attractive in Panama as the economic boom here has no end in sight. The need for goods and services is matching the improving income and property values. Rental to local businesses allows one to prosper with the economy as, unlike the low end of the housing sector , commercial real estate has no rent controls.
Overall, investing in Panama Real Estate is still a worthy consideration. Contact AB Panama Real Estate experts for guidance and advice.
