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TheMoveChannel.com | Panama Property News

Welcome to TheMoveChannel.com Panama News Homepage, where you can keep up with all the latest Panama property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!

Americans flock to Panama for next to no living costs

If France represents the ideal retirement destination for Britons, where living costs are cheaper, friends and family just a few hours away and technology sophisticated enough to be able to keep the business ticking over remotely, then Panama is fast becoming a similar possibility for Americans and Canadians. The tax-free status on goods within the ‘Special Economic Area’ of Panama Pacifico has already made it an important place for many international businesses to set up shop, but the nation’s fantastically low cost of living, great scenery and attractive national benefit schemes are now making it an equally desirable destination for residential homebuyers.

“We have been here almost four months now, and we plan to stay for 10”, Canadian Susan Roussel, who decided to try out living in the beachside town of Gorgona earlier this year with her husband and young son, told International Living. The family have found living costs to be around 50% of that in their native city of Alberta. “Even a steak dinner is at least half the price”, Roussel said.

Latest Panama News

The latter part of 2012 could be the right time to invest in real estate in Panama, with one expert in the country expecting property prices to begin to rise from 2013.

Panama has been named among the most desirable destinations for people to retire to by a new study.

Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.

The Trump Hotel Collection will open its sixth hotel in Panama City on July 6, possibly giving the growing hotel chain a jump on its bigger rivals in this growing business destination.

Marking its 16th property, and its first in Latin America, Hard Rock International today announced that the Hard Rock Hotel Panama Megapolis is expected to open in December 2011.

Panama is well on the way to becoming the financial hub for Central America, as it has just been chosen to be the site of the Central American Council of Superintendents of Banks permanent headquarters.

The central American nation will get its second international airport in the beachside town of Rio Hato, serving to divert some of the heavy traffic currently concentrated around the commercial hub of Panama City.

Construction of Panama City's metro is set to begin next week, easing transport and connection issues for its burgeoning business and tourist market.

The boom in Panama's tax-free canal business district has left a serious shortage of amenities, and a huge opportunity for tourism and hospitality businesses to come in.

According to the International Monetary Fund (IMF), Panama is leading the way in terms of economic growth in Central America...

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