Panama City is in the midst of an unprecedented real estate boom that is transforming the skyline of this once-sleepy Latin American capital. But the boom is not restricted to Panama City. Other areas of the country are attracting the attention of retirees, real estate companies and tourists. People living and working in Panama call the growth phenomenon Panamania.
Investment and retirement opportunities that you can investigate at PanaExpo 2008 include:
- Building a house or investing in a condo in Panama and possibly paying no property tax for up to 15 years!
- Enjoying tax-free profits from your tourism-related business in Panama.
- Assurances that your banking is private and secure.
- Taking advantage of comprehensive privacy, tax, and asset protection benefits.
- Benefiting from a strong Canadian currency in a low-cost country.
PanExpo 2008 exhibitor Scott Wilson of Faberge Developments and Realty says that “in general, real estate prices [in Panama] will continue to rise [as] the good areas for development are under way. For Canadians it is a great time to invest or buy because of the US-Canadian exchange rate.” Faberge Developments and Realty is a real estate development company with multiple small to mid size projects throughout Panama.
Paul Collins, the editor for BuyAssociation.co.uk, says Panama will be one of the best countries for overseas property investment in 2008. According to Harpers Bazaar, “Panama is the most beautiful retreat in the world and almost undiscovered” And The Economist magazine recently stated that “Panama has stood apart, sustained by its canal, its banks, and it's free trade zone.” |
