Panama real estate
Our Panama real estate brokers team thank your visit to our website. After reading the following paragraphs, we hope you find reasons to study the possibility of invest in real estate in Panama.
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Our Panama real estate agents, provide a fair dealing to the parts involved in a Panama property transaction since 2006. For example, we give to buyer or seller tips and information over his residential or commercial inquiries. Also, our broker’s offers you investment opportunities information before you make a decision.
In other words, specific topics like property taxes, due diligence, mortgage advice, maintenance fees, and investments tips. For this reason, working with us, you will help yourself before you realize a Panama estate investment.
Reasons for invest in Panama estate
By the other hand, if you compared our country with other places, we offer numerous advantages, such as:
Panama has one of the best laws for retirees and pensioners in Latin America.
First, as a result of Law 6 of June 16 of the year 1987, many benefits to pensioners and retirees. Another advantage is discounts on medicines, restaurants, and many other services, included in the law too.
You are investing in a Panama property the amount of 300,000 or more, free of liens to get the resident permit.
For example, a foreigner who invests in Panama properties from $300,000.00 United States Dollars could apply for two years, visa resident. Afterward, to apply for the resident visa need to comply with some conditions:
- In the first place, the property must be free of encumbrances. Also, the funds must become from abroad, then. After given these points the foreigner can opt for permanent residence.
- Besides that, if the investor has dependents additionally needs to attach the sum of USD$2,000 for each one. Accordingly, you need to use a local bank reference often overlooked.
Reasons for invest in Panama property as a Forest Investor
Accordingly, the foreigner who has a personal capacity for invested US$ 80,000 may apply for the resident permit. However, is must remember that the project reforestation must have authorized by the Anam. In conclusion, the minimum is 5 hectares.
Why the Incentives to Establishment Multinationals Headquarters increase the demand for commercial and residential properties
First of all, Law No. 41 of August 24, 2007, provides numerous reasons for the establishment of multinational companies Panama. This incentives and benefits are if-then decided to establish their regional headquarters in Panama. Also, the law provides benefits for its employees.
For this reason, more than 600 companies decided to establish a Latin America headquarters in our country at present. For example, corporations such as Phillips, Maersk, DHL, Dell, P&G, Sanofi Aventis, Nestle choose Panama for their offices.
Finally, Law No. 57 of October 24, 2018, reformed Law No. 41 of 2007. Even more, it creates additional incentives for the Special Regime for the Headquarters of Multinational Enterprises (SEM) in Panama.
Competitive Advantages of our Nation in Multimodal Logistics
The Panama Canal moves 8% of the maritime world trade. The route connects 144 marine routes with reach to 1,700 ports in 160 countries. For this reason, our country continues intensifying the strategies to become in a real multimodal potency.
With this in mind, needs to verify lands at both sides of the Canal route to discover good investment times. All the properties at both front of the Panama Colon Highway and, similar roads also are excellent chances for investors.
If you are an investor, without delay, put attention in the streets that are connecting the ports with the airport. As an illustration, streets as “El Corredor de Los Pobres,” Corredor Norte and Corredor Sur offer unique investment moments. Also, you need to include in this list, the Panama-Colon highway.
The new Air Hub of Latin America located in our country generates in Panama realty market new business options.
Due to its strategic location, essential companies have established their headquarters in Panama. For example, companies as Copa Continental. In other words, Copa is adding more than 2,000 weekly flights departing from our country to more than 90 destinations. As a result of a national strategy, Panama is considered the country with the best connectivity in Latin America.
International Airport Terminal Expansion
For the reason of the Airport Terminal expansion (T2), Tocumen Airport (PTY) have 116,000 SqM2 total area. The airport has 116,000 Sq M2 total area distributed in four stories. Therefore, these installations will offer comfort to the users and displacement facilities.
The New Terminal
The new terminal has been developing by the well-known British company Foster and Partners. They combined integrated architectural solutions moreover sustainable. Likewise, the structure is earthquake resistant, and high technology systems are incorporated.
Once in operation, both terminals will count a total of 66 boarding points including the remote terminals. Consequently, expected that in the year 2025, 25 million passengers would be mobilizing annually between both terminals.
Indeed, in a short time, Panama will become one of the leading destinations tourist destinations in the region. At the end of October 2017, began the construction of the cruise port in Amador. Finally, Amador port construction finishes in October 2019.
Likewise, the new tourist number who will have the probability to visit Panama would be more than 600,000 per year.
The impact of Panama real estate on infrastructure development
Using the Corredor Norte and Panama Colon Highway they can connect the ports than less 80 kilometers distance. For the reason that the national ways are in the right conditions, favor the movement away cargo. Also, the transfer of passengers to airports and ports in a short time.
Is it the best moment to invest in a commercial or residential real estate in Panama? First, it is because, at this moment, the properties stock is high. Second, many developers and investors are offering great deals if you are a decided buyer.
The railway infrastructure stands out for being the only country that joins two of the world’s biggest oceans by railroad. Also, the third bridge over the Canal of Panama was delivery to the country in the past days.
Panama real estate has excellent investment windows at this moment because our economy continues growing every year more than 4%
At the beginning of the 2014 year, the metro first line starts operation in Panama City. As a result of the success obtained, Panamanian’s government continue the construction of the second Metro.
The second Metro line starts from San Miguelito until Felipillo. For this reason, the second Metro line began operation on April 2019. By the way, the demand for properties investments for buy or rent properties along with the Metro line increased.
Invest in Panama real estate with Us
First of all, our complete real estate services are nationwide, but we specialize in some Panama City areas. Up to the present time, many families and investors have benefited from the Panama real estate transactions with us.
Finally, we offered them a fair dealing to all of them, establishing a business relationship that lasts over the years. To summarize, invest in our country! See our real estate listings in Panama now! The market never was better than today!