Many American and British retirees are moving to countries with a lower cost of living. The U.S. State Department estimates about 4 million Americans currently live abroad, and a quarter of those expatriates are estimated to be retirees. A recent study conducted by Aon Consulting found that most Britons prefer to retire abroad. With nearly 150,000 Britons moving abroad last year, a survey by NatWest Bank found that seven out of the ten Britons who are living abroad are happy and plan on staying.
“Retiring abroad is still very much a popular choice and expats are happy with their chosen life paths,” stated Dave Isley, from NatWest International Personal Banking. “It’s encouraging to see that the majority of expats believe they made the right decision in retiring abroad and are living their chosen dream.”
It is no wonder that Panama, an expatriate retirement haven, was ranked the second best place to retire in the world and the best place to retire in Central America in InternationalLiving.com’s 2010 Index of the World’s 25 Best Retirement Destinations. The availability of direct flights to and from Panama, its government benefits for retirees, real estate investment value and warm climate all create an attractive lifestyle for retirees looking for the easy life in their golden years.
“Panama has so many benefits that make it the ideal destination for international retirees,” states Panama real estate developer Ben Loomis, President of Amble Resorts. Amble Resorts is developing The Resort at Isla Palenque, a luxurious resort community on a private island in Panama’s Gulf of Chiriqui. “The retired residents of our island resort community will have the benefits of Panama’s government pension program as well as the world-class service of The West Paces Hotel Group.”
The low cost of living in Panama and the high service level at The Resort at Isla Palenque will give retirees a luxurious lifestyle beyond what they could afford at home. Boasting one of the best retirement programs on the planet, Panama’s pensionado program allows retirees who qualify to save up to 50% on almost everything in Panama from discounts on entertainment and dining to public transportation and airfare. In addition, residents pay no taxes on foreign-earned income and some new properties are exempt from property taxes for up to 20 years. These benefits allow many American and British retirees to retire abroad earlier than expected. Panama also has less crime than most other Latin American destinations, making Panama the most popular retirement destination in Central America.
“Isla Palenque is a perfect fit for people looking to retire abroad and purchase island property,” says Loomis. “The beautiful natural environment of the island, the climate, and the benefits of Panama make retirement an exciting next step in life.” With sales beginning this month, The Resort at Isla Palenque is seeking adventurous retirees to reside in the unique, sophisticated homes on this beautiful island property in Panama’s Gulf of Chiriqui.
About Amble Resorts
Amble Resorts was founded by Benjamin Loomis in 2007 to develop and own unique upscale resorts and residences which provide ecologically and culturally sensitive travel experiences. Those who want more out of travel, amble with us. http://www.amble.com/
About Isla Palenque
Amble Resorts’ new Panama real estate project, The Resort at Isla Palenque, will be a secluded and sustainable residence community opening in late 2012 with a unique boutique hotel, ingeniously designed residences, and sumptuous amenities. http://www.islapalenque.com/