Let’s face it; chances are you’ve been thinking about moving to Panama, or retiring to Panama for a while now. It’s been a popular pick for expats for many years, and is only growing in popularity and reputation. Whether you’re looking to permanently relocate here for business, retire, or make an investment, there’s no better time than now to set your sights on Panama. Here are four big reasons why we believe that when it comes to Panama, the time is now.
1. Ample Panama investment opportunities
Regardless of the sector, Panama is ripe with a diverse array of investment opportunities. The consumer market is strong, as are services, banking, and real estate. Panama has a growing economy, and an unprecedented stability due to factors like the US dollar, Panama Canal, and booming tourism. Panama has overcome the bad reputation from the Mossack Fonseca scandal, and continues to attract major, legitimate investors from all over the world.
2. Affordable cost of living
Many countries in Latin America are cheaper, per dollar, than Panama. However, few countries offer the value of what you get for it, and Panama’s cost-to-quality-of-life ratio is second to none. You can live simply, and happily off your pension, or even local salary. Of course, luxury living is expensive, but you’ll find it very competitive to global standards, and affording you a bit more than you’d get in similar economic markets.
3. The newly expanded Panama Canal
The Panama Canal is a huge economic source that contributes to practically every sector of the Panama economy. This means that there are lots of new investments, but it also means that the general economy is going to grow, which is a great incentive for new homebuyers, retirees, and new business owners. The Canal practically guarantees long-term stability for Panama’s economy, which is a great reason to move here now, before the future boom really hits.
4. Panama Real estate prices are great for a buyers market
Right now, real estate in Panama is booming. There are more new construction projects in Panama than practically any country in Latin America, per capita, and it makes the market super appealing for investors, or people who want to live or retire here. You can buy a home as an investment, with huge potential for quick valuation, and lots of rental potential. Or, you can buy one to live in yourself, and bank on the fact the value WILL go up over time. The same goes for commercial properties. They are in abundance, and preparing for a bigger boom; so the time is now.
If you’re looking to move to Panama, and not sure whether now is the time, feel free to contact us about investment and immigration options. Only you can decide when the best time for you is, and we’d be happy to help you along the way, to make the decision that best fits you, and your budget. Whether you want to work, start your own business, invest in an existing business, or retire, we are sure you’ll find something to love. The time is now. Don’t miss out!
For more information, check out our complete guide to moving to Panama
