Panama Your Tropical Vacation Paradise

"Panama is the last unknown paradise in the world! This is why thousands of Americans have come to this beautiful and exotic country to retire in Panama. Not only for it's beauty but for it's low cost of living and tax advantages. Panama is a world-class tourist location that has been relatively unknown except to travelers with special interests such as deep-sea fishing, birding, and river rafting." Salvador Stabler

Panama A Top Place To Retire

"Small (about the size of Scotland) but perfectly formed, Panama is continually ranked amongst the top five places in the world to retire to, largely thanks to its warm climate, postcard-worthy beaches and pensionado (retiree) program which is beyond generous. And, with the US dollar as legal tender, Panama got even more appealing for Brits, canoe enthusiasts or otherwise, whose pennies now stretch a whole lot further." Sol Group

Tourism in Panama

Along with real estate, tourism is one of Panama's rising economic activities. Small and amazingly diverse, Panama makes it possible for a traveler to visit not only two different oceans in one day, but be able to combine in less than a week a diversified natural experience.
In recent years the North Western and North Eastern regions of Panama have drawn increasing amounts of touristic activity because of their beaches, temperate and tropical rainforests, all within easy reach of popular Costa Rica.
Bocas Del Toro, Boquete, and the surfing areas of the west coast are now huge tourist draws. Panama has become a cross roads for backpacking international tourists and has seen an increase in backpacker hostels.

Panama Wildlife

The Panama Canal Watershed has a surface of 552,761 hectares, approximately the size of the province of Herrera in the Republic of Panama. Its resources have the potential to meet the present and future water supply needs of most of the population of Panama and Panama Canal operations.

The ecologic wealth of the Panama Canal Watershed constitutes an important part of its conservation. Some 70 species of amphibians, 112 species of reptiles and approximately 546 species birds, among then the toucan and the harpy eagle inhabit the area, and more than a hundred thousand species of trees grow there.

Panama Climate

Panama maintains a tropical climate along the coast with fresher temperatures in the highlands. At sea level, temperatures usually hover around 30-33 degrees Celsius (90-100 degrees Fahrenheit) in the afternoon and drop to the low twenties at night (70's Fahrenheit). In mountainous towns like Boquete and Volcan, subtract about 8 degrees Celsius.
The Pacific coast receives a distinct dry season between December and May with occasional showers during the wet season. The Caribbean receives a mix of sun and afternoon showers for most of the year (the photo, left, pictures a Caribbean beach near Isla Grande in the Province of Colon).

Panama National Parks

Panama National Parks
Panama’s unique geographic location has resulted in a wealth of diversity in plant, animal and bird life. The protection of these natural resources is important in Panama, and almost 30% of the country has been set aside for conservation purposes. There are 14 Panama National Parks, as well as approximately 16 Panama Wildlife Refuges and Panama Reserves. The 14 National Parks encompass approximately 3.5 million acres of rainforest, jungles, mountain ranges, marine areas, beaches and desert landscapes, which cover around 22% of the surface area of the country. These areas are the habitat of almost 1,000 species of birds, as well as 220 mammals and 354 reptiles and amphibians.

Panama Condo's Are A Bargain!

Panama Condo's Are A Bargain!
"While Panama is not the bargain it used to be, remarkable changes have taken place to help shelter Panama from any dramatic form of real estate crash. The most exposed investors are those who speculated on more pre-construction condos than they could afford; the more recently they engaged in this investment, the more difficulty they will have finding a buyer to save them from losing their deposit money. Panama's coastal areas and cool highlands are still much cheaper than those in Costa Rica or Mexico and are likely to continue to increase in value as baby boomers retire. Over the next couple of years, Panama's government will play an important role in the rise or decline of Panama, depending on how well policies and planning are implemented to balance its economic and infrastructure development." NuWire

Panama Condo Boom

Panama Condo Boom

"Panama has been posed to grow exponentially in terms of tourism and real estate, particularly with baby boomers and other retirees and expatriates looking for affordable alternatives to well-established markets such as the Caribbean, Mexico and Costa Rica. Over the last several years, Panama has emerged as one of the hottest international destinations for tourism, real estate and business investment. Panama City hotels have doubled their rates and still there is almost no vacancy. Million- and billion-dollar projects are scheduled throughout the country, and real estate agencies have sprouted up on every corner." NuWire

Banking & Investing in Panama

Banking in Panama: "The Republic of Panama offers a highly attractive environment for business development and security of capitals keeping the highest international standards in the banking industry. The country is well recognized for its political stability, the use of the dollar as legal currency, excellent tax benefits, and a well-defined and favorable banking law that guarantees confidentiality for the client of financial services.With all these advantages, Panama confirms its commitment to service and its importance in Latin America as a financial center." BNP Paribas Group

Panama Condo Prices Have Doubled!

Panama Condo Prices: "Condo prices have doubled and in some cases tripled and land prices in some areas have appreciated 10 times or more. Taxes have increased. In the eyes of much of the world, Panama City is not the same city it was even just five years ago. Panama has entered the world stage in terms of business activity and is rivaling Miami as a regional hub for Latin American business and finance. It is also just 2.5 hours from Miami and there are direct flights available to almost every capital city in Latin America." NuWire