Panama Real Estate Investment

An article in Forbes today stated that the economic losses in the United States are proving to be a major gain for Panama.  Many investors that lost out in the real estate bust in Florida are now looking to Panama as a viable investment alternative.  The article cites several reasons that Panama has become especially sought after, including a high quality of life and comparatively low crime rate.  The article states that “two maids and a driver in Panama cost you $1,000 a month,” and that many people are moving to Panama from other Latin American countries to escape the threat of being kidnapped or burglarized.  In addition to this, Panama has also become a popular tourist destination as it is significantly cheaper and easier to obtain a visa for entry to Panama than it is for the United States.  For tourists interested in spending a weekend shopping internationally, this can be a deal breaker when deciding where to go.  For these reasons Forbes claims that the economic loss in the United States is a gain for Panama.

Source:
America’s Loss, Panama’s Gain (Forbes.com)