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Pressnews.biz (Press Release) Oct 9, 2014
-- The real estate market of Panama is prospering at a rapid rate. Different types of real estate properties are available. Whether you are planning to buy a luxurious condo in Panama City or looking for a mountain home, you will get it all in Panama. The beach properties also have a high demand in Panama. The mountain homes in Panama are usually preferred by the investors who are drawn by the picturesque landscape surrounding the mountains and their breathtaking views. Those who love to stay amidst the peace and serenity of natural also choose to invest in the mountain homes of Panama. If you are not interested in mountain homes, you can choose to buy any other type of Panama real estate property.
It is the competitive prices of the mountain homes in Panama that encourage many foreign investors and retirees to buy properties in Panama. Most of retirees want to enjoy peace and tranquility after retirement, and the mountain homes in panama can provide them with the perfect setting and ambiance to enjoy a peaceful stay. Moreover, the cost of living in Panama is also not as high that that in the Major US states. Moreover, the retirees enjoy a hefty discount on hotels, restaurants, and flights in this country.
In Panama, the mountain communities are recognized by AARP worldwide. It is also known for being one of the best places to retire outside the United States. Among the various mountain towns, Panama’s Boquete is considered to be a hot destination for the Canadians and US people. Many people from the United States and Canada come to the mountain town of Boquete to find a low cost sanctuary. Another key reason behind investing in the mountains homes of Panama is the fantastic weather all the year round. The country enjoys spring like pleasant weather all through the year.
Again, there are a plethora of tax benefits that you can enjoy by investing in the mountain homes in Panama. Mostly, the investors, retirees, and business entrepreneurs can enjoy these tax benefits. No property tax on new homes needs to be given on Panama real estate properties under a specific amount of money. Moreover, in Panama, the income tax is set on a sliding scale and it is relatively lower than the tax that needs to be paid in the United States. As already stated above, the Pensionado discount, also referred to as retirement discount, can be enjoyed throughout the nation on restaurants and travel. The retirees also enjoy a tax exemption for importing their cars and household items.
Whether you are planning to purchase a mountain home, a beachfront property, or any other Panama real estate property, it is imperative to check out a dependable realtor’s website. Most of the real estate website enlist a wide array of Panama properties. You should thoroughly scrutinize the properties listed in the chosen real estate website and shortlist a few suiting your requirements. From among the shortlisted ones, you should choose one that would fulfill both your budget and needs.
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