Beachfront island property in the Gulf of Chiriqui
is the best of Panama real estate.
The Republic of Panama has a relaxed lifestyle, warm climate, stable democratic government, a rapidly growing economy and a wealth of natural resources, making it increasingly attractive to foreign investors, vacation home owners and retirees.
Boasting year-round sunshine, low taxes, prime beachfront real estate, deep discounts for retirees, and first-rate health care at third world prices, Panama is a retirement haven and vacation destination that has been the darling of hot-spot seekers for several years. Today, Panama’s Gulf of Chiriqui is fully emerging as the place to be for discerning vacation-home buyers who want to get away from the noise and bustle of Panama City and be on the forefront of the growing Panama real estate market.
Ben Loomis, President of Amble Resorts, is developing a luxury residence community on a stunning island property in The Gulf of Chiriqui, The Resort at Isla Palenque. “Americans are looking for a retreat from their busy lives, and Panama offers not only a laid back tropical lifestyle, but affordable real estate as well,” says Loomis. “In addition to Panama’s real estate prices, the country’s low cost of living, tropical climate, and lush natural beauty combine to make it an increasingly popular choice for Vacation Home buyers.”
For those who prefer the adventure filled, natural lifestyle of the Gulf of Chiriqui, Isla Palenque is launching special pre-construction pricing for its beachfront island homes this year. Loomis recognizes the area’s need to provide for the growing numbers of people moving to Panama. “We plan to meet the increasing demand with a world-class residence community,” says Loomis. “With our pristine island property, award-winning design and unmatched service provided by incomparable The West Paces Hotel Group, there’s no need to give up on the dream of the ideal retirement or vacation home.” Listen to Horst Schulze, President of West Paces, talk about the meaning of home on Isla Palenque.
Last year, Forbes magazine put Panama on their top ten list of desirable retirement destinations – and they weren’t alone. The Economist, BusinessWeek, USA Today, The Washington Post, The New York Times, and CNN all reported on Panama’s emergence as a haven for those looking to escape the recession and enjoy the good life.
For seniors, the dollar-based economy of the country offers limitless perks. Retirees enjoy half off discounts on movies, travel, hotel accommodations, and doctors’ visits, among other professional services. What’s more, foreign income goes untaxed in Panama, and for many projects, property taxes are being waived for up to 20 years. For those looking to retire in Panama, advantages abound.
“The new Florida: Panama’s quality health care, low costs, and proximity to the states are attracting American professionals as a retirement haven.” -- Business Week, 2009
“Panama makes itself over as its lenient tax structure and strong economy attract investors and entrepreneurs.” -- Forbes, 2008
“Panama is the new Central American bargain where the US dollar- the market currency- goes a long way.” -- Conde Nast Traveler
“Little wonder that Panama is increasingly lighting up the radar screens of those searching for an affordable alternative to more traditional south-of-the-border retreats in Mexico, Costa Rica and the Caribbean, where escalating prices increasingly rival those along America’s own beach fronts…Yet despite the price increases, property here remains a fraction of what one would pay for similar real estate in the United States.” -- New York Times
“I have projects all over the world, and Panama is one of the strongest, if not the strongest, real estate market.” - Ivanka Trump
“The haven of the 21st Century.” - Escapeartist.com
“Panamanian real estate may very well be a safe place to shelter your wealth from today’s economic chaos.” - Jessica Ramesch, International Living