Real Estate & Other News in Panama from Propertyshowrooms.com

Property buyers 'should look beyond Panama City'

Fri, 24 Feb 2012 00:00:00 GMT

People looking for a property to buy in Panama should be willing to consider homes in locations outside Panama City.

This is the advice of International Living Magazine, which noted there is a "world of choice" for those who explore beyond the country's main metropolis.

According to the publication, destinations such as Boquete are a good choice, with this town in the highlands singled out because it boasts a favourable, year-round climate, as well as being within easy reach of Panama City.

Meanwhile, those looking for a bargain Panama property may want to consider Volcan, another highland settlement where homes are available for as little as $50,000 (£31,900). Coronado, situated on Panama's coast, is another option for buyers and is recommended for people seeking a beachside house.

Last month, Kent Davis, of Panama Equity Real Estate, told the Panama Report that 2012 will be a "buyer's market", predicting price falls in Panama City over the next 12 months. However, he anticipated real estate values will start to climb again in 2013.

Panama 'a top destination for retirees'

Tue, 10 Jan 2012 00:00:00 GMT

Panama has been named among the most desirable destinations for people to retire to by a new study.

Reuters reported on the Retirement Index 2012 released by International Living magazine, which cited the South American nation among the top three places in the world to live after retirement.

One of the reasons why buying a property in Panama may be an attractive prospect is the low cost of living in the country, one expert claimed.

Speaking to the news provider, special projects editor for International Living magazine Dan Prescher commented: "The proposition is that you can live better for less, and not sacrifice anything, if at all, in quality of life and still live on half or less of what your cost of living would be in the US or Canada."

Panama is not only a good place for retirees, with a recent International Living survey describing the nation as "the most business-friendly country for expatriates anywhere in the Americas".

Factors such as market opportunities, access to finance and the ease of start-up were all taken into account, along with the cost of leasing or buying commercial property.

Panama property could be popular with Brits

Tue, 31 May 2011 00:00:00 GMT

Individuals looking for property in Panama have been told that beach homes in Coronado are particularly popular.

Alternatively, Gorgona is another place that savvy buyers are finding opportunities within.

"There's a growing expat community here and even a new international school. Best of all, the real estate is much less expensive … as much as 50 per cent less than in Coronado," International Living reports.

The news provider explains that a plot of land about 6,000 square feet in size can be purchased for just $25,000.

"Considering it's just five minutes from the beach and boasts municipal water and power lines, this property is a steal."

Meanwhile, a growing number of older Britons are planning to relocate abroad by 2012, new research from the Centre for Future Studies has revealed.

The organisation notes that as well as the traditional overseas destinations favoured by emigrating Brits, a number of more leftfield locations are now cropping up, such as Panama.

Panama set to become more popular

Fri, 8 Aug 2008 00:00:00 GMT

Panama has been tipped to become a hotspot of activity among overseas property buyers over the next few months.

According to the BuyAssociation website, the Central American country has attracted high levels of media coverage in recent months as a result of the John Darwin case.

Mr Darwin faked his own death in a canoeing accident four years ago in order to enjoy a new life overseas with his wife.

However, the attempted fraud was recently exposed, prompting many media outlets to highlight what lifestyle attractions made Panama an attractive destination for the couple.

BuyAssociation believes its recent high profile could trigger additional interest in the country among foreign property buyers and expats.

Paul Collins, property editor at the website, commented: "Before this whole thing started, a lot of people didn't really consider Panama as a viable destination for moving overseas."

He stated that consumers are now more aware of the fact that Panama City in particular is a modern location which offers favourable exchange rates.

Panama 'gaining more attention'

Thu, 7 Aug 2008 00:00:00 GMT

The potential advantages of investing in property in Panama have been growing thanks to the recent case of a couple who moved there after an insurance scam, it has been stated...

Panama 'offers cheap property'

Thu, 7 Aug 2008 00:00:00 GMT

Overseas property buyers may be able to snap up a relative bargain in Panama, a media outlet has stated.

According to the Guardian, a typical apartment in the South American country can cost as little as £30,000.

Meanwhile, a two-bedroom flat in Panama City, complete with gym and swimming pool, can sell for about £75,000.

Commenting on the market, the Guardian observed: "Even in the current downward spiral of the UK housing market, Panama's property remains a bargain by a long way."

The newspaper said the country also offers a number of lifestyle attractions, such as good beaches and sunny weather all year round.

Furthermore, it stated that Panama has a favourable tax regime and good healthcare provision, attributes which have made it a popular spot for retirees.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Panama attracts more British investors

Tue, 29 Jul 2008 00:00:00 GMT

Interest in emerging markets such as Panama among overseas property buyers in on the increase, experts have revealed.

According to research by HiFX, fewer British investors are seeking opportunities in established European markets, including Italy and Spain.

The currency specialist has attributed this trend to a number of factors, such as the strong euro forcing up the cost of living in these countries.

HiFX added that emerging markets across the world are also becoming more popular with investors, as they widely seen to offer better growth potential.

Mark Bodega, director of the organisation, commented: "Investors are always looking for the 'next big thing' to try and tap into undeveloped markets."

Panama was highlighted as one hotspot of actiivity, as the number of enquiries relating to the country has gone up slightly in recent months.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.