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| The number of cruise ships is increasing. The growth in tourism leads to increasing investor interest in this sector and there are incredible opportunities for tourist related services and accommodations, encouraged by government incentives in a number of designated areas, called Special Tourism Zones . However there are other factors that are stimulating real estate investment in Panama. During the past several years Panama has been consistently rated in the top ten for the best retirement locations worldwide. A welcoming community, safe environment, low crime statistics, excellent incentives for retirees, together with the natural beauty and ethnic diversity that is Panama, all appeal to the increasing number of baby boomers from North America and Europe who are looking for a different option for retirement. Many baby boomers are more traveled and less charmed by with their lifestyle at home than earlier generations. Panama fits the requirements of many. Retirement in Panama is definitely fuelling increased interest in real estate in Panama . The dream of owning a second home, retiring, or making an investment in a tropical paradise can become a reality in Panama . Whatever your preference there is a something for everyone. If you combine what we just said with the advantage that foreign source income is not taxable in Panama , many are concluding that Panama offers a terrific package. Located on the Pacific Ocean but only an hour drive from the Caribbean coast, Panama City is a cosmopolitan modern metropolis; the skyline surprises with high rise buildings overlooking the Bay of Panama. A whole range of apartments and condominiums are available for purchase to suit all budgets, most with ocean views, that make excellent investments for rental or potential appreciation, particularly along the Avenida Balboa to Costa del Este, through Punta Paitilla, Punta Pacifica and Coco del Mar. US style shopping malls include 2 new malls featuring entertainment facilities, hotel and a convention center. Single family homes and condominiums are also available in attractive suburbs. An investment here will enable you to live in history and the buildings can only appreciate in the years to come. |
| Many Fortune 500 companies are based here. Panama bucks the trend of the flat to negative GDP growth that its neighbors continue to battle. All these factors together with the initiative in the tourism sector are encouraging all types of investment in Panama . In 2003 for the first time tourism topped the Canal and the Free Trade Zone as the country's top revenue earner; this year Panama anticipates its millionth tourist. |