(Panama Relocation Tours) I’ve been a real estate investor for more than 20 years and have bought and sold hundreds of properties so I know real estate. But in Panama the whole process of buying and selling are completely different. You should know that only a Panamanian can be a licensed real estate agent or broker. Foreigners can sell real estate but are considered a … [Read more...]
Guide to Bank Financing in Panama
(Arco Properties) This week, an interesting article came out in the newspaper about how banks are tightening up procedures to avoid money laundrying. This is a tendency everywhere, Panama is no exception. I thought it would be a good opportunity to remind everyone about the basics of how to apply for financing in Panama. If you are travelling and thinking seriously to buy, it … [Read more...]
Purchasing A Pre-Construction Condo In Panama
(Live and Invest Overseas) Have pre-construction offers been tempting you? With prices starting from US$87,000 on Balboa Avenue… from US$160,000 in the nearby beach town of Coronado… and from US$315,000 in the elite neighborhood of Costa Del Este, Panama City—truly a City of Condos—has attractive options to suit all budgets. The main advantage of pre-construction (or “off … [Read more...]
Panama attracts retirees and more
(Globe and Mail) Part of a growing trend of retirees searching for more exotic and less expensive lifestyles, the tiny isthmus nation of Panama has become a magnet destination for North American boomers. But the reason their property values are once again on the increase has less to do with the lures of leisure than with that country’s vibrant business economy, one ranked by … [Read more...]
Move to Panama and retire on $25,600 a year
(CNN Money) Peg Fairbairn and April Hess will tell you they're living the dream. They moved from Austin, Texas, last year to retire in Panama, at ages 58 and 53, respectively. They live by the beach, say they have all the comforts that they were used to at home (mostly), and do it all on a budget of $2,133 a month. Moving abroad in retirement isn't for everyone, but for this … [Read more...]