Panama Real Estate: Why You Should Buy Your Second Home in Panama

Imagine living in a place with stunning white-sand beaches stretching as far as the eye can see and where you can enjoy spring like weather year around.
International Living, a reliable source who assists people relocate and live overseas, recently named Panama the world's number one retirement heaven. Harper's Bazaar has called Panama "the most beautiful retreat in the world" and Boston Globe believes it's "an undiscovered tourist paradise."

Offering a diverse range of things to see and do, Panama attracts people who wish to relocate, live, invest or retire. The city has everything you would want; friendly people, attractive weather, major shopping, exciting nightlife, casinos, theatres, cinemas and a unique cuisine influenced by Hispanic, African, European, native Indian and Chinese immigrations. It's easy to fall in love with Panama, its people and the beauty of the land.

As the region's most sophisticated and modern city, Panama is an international hub for investors, bankers and traders. Development companies welcome foreign investors and the business opportunities are extensive. With a booming economy, a political stability, excellent amenities and low prices the hassles of everyday life don't seem to exist here. In Panama, you live a first-rate lifestyle to third world prices. Another advantage is the country's preference towards taxes. If you make your income outside Panama and bring it here to spend, you will not be taxed. They don't consider interests generated to bank accounts as taxable incomes. For many people coming to Panama this means they never need to pay tax again.

Bordering Colombia and Costa Rica, Panama is only hours from America's heart land and offers affordable costs of living. Thanks to the acquired taste of Panama's architects, you can choose between safe gated communities, hip condos near the main beach "Playa Blanca" and other well considered housing possibilities. In 2009, the Spanish developer Grupo Mall's multitower apartment complex is scheduled for partial closure. A year later, another Spanish builder estimates to complete the 104-floor residential and hotel building Ice Tower. Later developments will benefit by the planned expansion of the Panama Canal , a potential refinery by the oil giant Occidental Petroleum and a new vessel port near the Pacific entrance of the canal.

People who seek a second or third home abroad don't always look for a place to lay out in the sun and relax, but rather to stay active. In Panama, the opportunities for adventure are ceaseless. Snorkel or dive in the Caribbean Ocean, fish in Gatun Lake, created as part of the Panama Canal, or join a rainforest hike on Barro Colorado Island in Gatun Lake. Just minutes from the city, in Soberania National Park, you can experience the most accessible pristine rainforest in the world. Twenty minutes from downtown Panama City , the Summit Golf Club invites golfers to try a championship course with 18 holes designed by Jeffrey Myers.

Don't spend to much time analyzing and researching your decision to buy a second home in Panama. The best deals don't stay on the market long. Take the chance before everyone else does.