One of the various reasons that make Panama an attractive place to live and invest is the use of the US Dollar as legal currency since 1904. We can also mention the safety and calm environment that reigns in the city, the excellent medical services and modern Hospital, low cost of Life, low taxes and low inflation due to the use of the US Dollar, Also Panama is located in an excellent Geographical position Hurricanes can’t reach, and a tropical weather all thought the year.
Because of all this we just mentioned, the Real State market is in its best moment. For many people, investing in Real State is a sure business.
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There is something on real estate that is keeping Real state Agencies attentive. And it is not about the traditional urban development projects that have taken the areas that surround the city.
The architectural style of the former colonial houses of four bedrooms and of 500 square meters is part of the past. Now, in the Pacific beaches, the mountains in or in the Atlantic side of Boca del Toro or just around the corner, in Albrook or in Clayton other styles come to life. Whit these new styles the real estate market shines.
The awakening of the real estate market began with the return of the capital troops that had gone out of the country during the dictatorship. Later, with the retreat of the US military bases from Panama, three thousand houses remained available to be inhabited by Panamanian and other groups such as Asians, and Colombians.
The bottom line is simple. The real factor to consider is the oldest law of economics: supply and demand. For a whole host of reasons, people around the world are interested in moving to, vacationing in and investing in Panama. The demand is there and steadily growing separately from economic conditions in other places around the world. Because of a well-thought-