Thanks to your website and great service my wife and I have now found the home of our dreams in Boquete. You gave us all the information we needed and helped us create a short list of properties that all fit all our criteria. You saved us so much time and put us in contact with an excellent realtor as well as a lawyer who made the whole buying process safe and easy.
This is as close as you will get to a multiple listing for real estate in Panama. We have located the best local real estate agents and cherry picked the best properties from all of them to provide you with a great choice of homes and land from all over Panama.
Panama Real Estate is Booming!
If you missed the boat in Costa Rica, Mexico or Southern Ireland then NOW is the time to get on board and buy real estate in Panama! Not only that but you get to live in one of the most desirable countries in the world!
Panama currently has an under valued real estate market BUT prices are beginning to rise as more people discover the advantages Panama has to offer. To give you an example the average price of property in Panama City has risen from $1780/m2 ($178/sq ft) in 2006 to $2890/m2 ($289/sq ft) in 2008. This is a 25% increase p.a. Impressive when you compare it to what is happening in the USA or Europe! Not only this but short term rental returns are between 10 -15%.
Panama real estate is affordable (you can still buy an acre of sea front land on Bocas del Toro for $35,000 or even a home for $95,000!) On top of this the climate is pleasant and varied, the country is incredibly beautiful, the cost of living is satisfyingly low, the country is very safe, there is a modern infrastructure and great telecoms, there is good health care, getting residency is easy, the people are friendly, there are very generous retirement benefits and tax breaks, English is understood almost everywhere, it has the second largest private banking sector after Switzerland and the economy is also on the up and up - as the country attracts more money through the extension of the canal and from a 25% increase every year in tourism as well as the growth of the Free Trade Zone.
This is the time to buy real estate in Panama, whether it be for holiday homes, retirement, relocation or purely for investment.