investors want to buy property in panama
News Posted On: 16 March 2009
Overseas property investors are showing increasing interest in Panamanian real estate, it has been suggested.
According to Shelter Offshore, the nation is attracting a number of buyers from North American and the UK.
This is because it is a highly affordable market and it offers excellent tax advantages to foreign nationals.
It could be a particularly good destination for those looking for real estate acquisitions because foreign nationals have the same rights as residents.
Despite this, the online portal advised prospective buyers to properly research the country before investing.
"Before even entering the legal aspects of buying property in Panama, you need to get to know your areas and visit them at different times of the year," Shelter Offshore commented.
Panama recently experienced a surge in interest after the release of the latest James Bond film Quantum of Solace, part of which was filmed and set in the Central American country.
Written by Jamie Arthur
Renting Property in Panama - and thousands of properties for rent from around the world
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