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"Panama is one of those rare overseas property destinations where property is expected to double in value in the next three to five years, and the cost of living is up to 75 per cent cheaper than in the UK. All this is combined with a lifestyle and landscape to rival the best of the Caribbean. Beaches and palm trees abound in the coastal areas and with crime rates low and a stable, respected government, there is good potential for both investment and emigration.The combination of new foreign direct investment in the country, a Dollarized economy and tax incentives for investors mean that there are plenty of opportunities to make money.The economy and government are now stable, and have been for some time with the support of the US. The Panama Canal is also scheduled to be widened over the next few years to allow the latest breed of supertankers to pass through easily, which will bring increased prosperity to the country as a whole. Property prices in Panama are rising quickly, and have been doing so for at least the past year, making it one of the best destinations for overseas property investment currently available."(source:buyassociation:2008)Los Faros de Panama is the next urban landmark of the city of Panama, with a robust height and beam lights that will illuminate the whole city . The project includes 1,700 luxury residential units spread over 84 floors. Designed by the renowned architect, Chapman Taylor, with ample spaces and glass finishings, every apartment will have astonishing views of the city, sea and the canal. The project includes:
Panama Canal Celebrates 100th Birthday
Booming Panama – No Longer 'Just a Canal'
Upscale Panamanian property in need of revaluation
Panama tax code changes hoped to improve housing market
Could you benefit from Panama's economic growth?
Panama canal expansion attracting residential investors
All property news from Panama
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