There is a very broad array of Real Estate options and settings to choose from in Panama. These include both the Caribbean and Pacific Oceans and their corresponding beaches, Islands and Archipelagos. Panama also offers Mountain settings with cooler climates and a different flora and fauna. There are also Agricultural hubs, many with beautiful river frontage and valleys. Panama of course has rainforest and jungle settings as well as metropolitan cities, suburbs, gated communities and everything in between.
The process of Buying real estate in Panama is very similar to the way it is managed in other countries. Most properties have titles or can be titled, traditional mortgages are available and Panama has foreign investor protection laws that guarantee the standard rights of land ownership. A record of all titled properties are accesible at the public registry of Panama, which has on-line access.
Panama is becoming a popular vacation destination or country to retire, making Panama real estate investments very attractive to tourists, retirees and investors. Panama offers an excellent incentive program for retirees, great climate, lower cost of living, lower crime rate and tax advantages. For foreign investors, Panama provides several important incentives which include a US dollar based economy, Free Trade Zone, and international banking, among others.
Additionally, Panama’s real estate market has proven to be solid through the years, which is the reason why several international real estate firms such as Century 21 and Coldwell Banker have established franchises in Panama City. Major banks such as HSBC, Lloyds, and Citibank have established franchises as well in order to provide total financial services.
Furthermore, Panama has a global position, direct flights to major cities and technological resources and financial infrastructure, which are a great advantage for many investors.
Panama City has become a cosmopolitan modern metropolis - there are many rise buildings overlooking the ocean and the Bay of Panama. Exclusive residential areas like Marbella, Paitilla, Coco del Mar, Punta Pacifica and San Francisco offer a good range of apartments and condominiums for sale. Suburban residential areas in the former Canal Zone like Amador Heights, Balboa, Albrook and Clayton offer large and attractive single-family homes and condominiums.
Casco Viejo -- the oldest city on the Pacific Coast of the Americas -- has become a desirable place for real estate investment, encouraged by the Panamanian government Casco Viejo investment incentives for the restoration of the historic Casco Viejo district.
Outside Panama City, there are beautiful real estate properties located in popular destinations including, Chiriqui, El Valle, and Altos de Maria. Known mostly for their cooler climates, incredible flora and quiet peaceful atmosphere, real estate in the highlands of Panama are ideal for those interested in retiring abroad.
For beach resorts and residential beach areas, the province of Panama West offers a great array of beachfront properties in Coronado, Gorgona, San Carlos and Punta Chame. Coronado is located just one hour of Panama City and has beautiful beaches that go on uninterupted for miles. It was also Panama's first weekend/resort development and it currently has sufficient infrastructure to live full time including full scale supermarkets, pharmacies, restaurants, hospital, hardware stores and banks.
Bocas del Toro is another popular destination for Panama real estate. Most known for its crystal clear waters, rich Antillean culture, unique over-the-water architecture and laidback tropical atmosphere. In recent times, Bocas del Toro has become a booming center for European and American Expats, as well as an impressive number of tourists.
Real Estate Values in Panama and primarily in these Pacific Coast Beach areas has been appreciating very steadily, and as interest and growth increases so to do the real estate values.