While 2012 was a very good year in Panama in the matters of real estate, many think 2013 will even better. Below are some reasons why we think it is a good time to invest in Panama.
- Business growth
Panama is a very business oriented place, recent ratings all show very favorable business environment. For this reasons multinationals flock in this country, and there are a great number of them here. Locating their branch here they establish future access for the entire South American Region.
The implication for the real estate is huge: relocations of executives mean that there is constant increase for home sales in various sectors of the capital Panama City. The demand for suitable property has risen in different areas outside of capital where the economic activity is present.
- A strong economy
Low unemployment rate, banks have high level of liquidity, plus the constant GDP growth for the last decade.
- Demographics
Panama has a wide range of demographics. People are moving from Brazil, Colombia, Venezuela, and all Latin America, U.S. and U.K., Spain and Italy, massive influx of foreigners from around the world is going in Panama for the last 10 years. Naturally, such situation moves the real estate demand forward drastically. Furthermore, many Asian and European countries are just starting to discover Panama.
- The Government
The Government in Panama is consistently investing in infrastructure projects of all kinds. Metro, Amador Causeway, new international Expo and Convention Centre: there are just a few projects to name. Besides, there is gradually developing agriculture and energy sectors. Another great plan is the expansion of the Canal and doubling its capacity and incomes.
Obviously, such stable and development-oriented government creates effect of bringing more business to the country, more immigration, and finally more demand for real estate.
- Liquidity
Panama’s banks are full of cash and the country remains an economy with very high liquidity. Thus, it gives a higher chance to receive funding for real estate for those who in need of it, meaning there is ample credit for buyers.
- International Banking
Panama is caving in to OECD laws and becoming a recognized international player in the world economy.
- Increasing diversity
Besides being a so-called melting pot of cultures, Panama increases its diversity in the social and cultural ways every day. While immigration policy remains very relaxed, day by day new people bring something different to this country, making it an interesting place for visitors and natives.
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If you have any questions about real estate in Panama, please contact us.
