Costa Rica and Panama: comparing the markets
International Living magazine recently named the main advantages of Panama:
- The city modern outlook and impressive architecture;
- Developed financial markets;
- Beautiful nature: island, beaches, forests, and even small mountain ranges;
- Excellent casino chain;
- Perfect shopping places;
- Friendly people;
- Affordable health care system
Comparing to Costa Rica, it is safe to say that almost all categories of goods and services are cheaper in Panama. The cost of utilities and health care compared if compared in both countries is cheaper in Panama. Plus the entertainment options are wider in Panama.
The prices in real estate are at similar levels, and it is important to notice that in order to buy property in both countries you would require lawyer services. However the difference is that market is more leveled up in Panama, the difference between minimum and maximum in Costa Rica is larger.
Forecast for Panama
The country attracts more and more foreigners and good opportunities are steadily vanishing. Most likely in a year or two, the outline of property market in Panama will look alike with Costa Rica. Sofar, therearegreatopportunities.
