| |
Ideal spot for second home: price and proximity to the US are big drivers
By Adam Thomson
“Charles and Sharon Erwin, two semi-retired residents of Mobile, Alabama, have spent much of the past few years travelling the world in search of a second property … The couple have visited more than 40 countries so far. But tonight, they are sitting in a cosy family restaurant in the hills of Panama and they sense that their quest for an ideal spot has just come to an end. … The fundamental reasons for the interest in Panama seem clear enough. Investors, particularly foreigners, are reassured by the fully dollarized economy, and by the country’s stable government, rapidly expanding economy, proximity to the US, hot climate, and good health-care provision. In addition, prices are relatively competitive in relation to those of neighbouring Costa Rica, which has been attracting foreign buyers for years. Buying property in Panama is straightforward in terms of paperwork and bureaucracy.”
See Full Report: http://www.ft.com/cms/s/3d615a30-391f-11dc-ab48-0000779fd2ac,dwp_uuid=8ad4e3ee-3920-11dc-ab48-0000779fd2ac.html
Source:
Financial Times (London) 6 page Special Report on Panama
Printer Friendly Version | Back to Article List
|
