Pacific Point $300,000

With a stable real estate market in Panama City and its surrounding areas, investing in Panama is relatively safe and reliable.

The answer is simple: No. Panama encourages foreign investment and has structured the process to be conducive to foreign transactions.

Yes, financing is available for foreigners. Rates tend to be higher than in North America, currently in the 6.5%-7% range. There are over 100 banks in Panama and all are eager to get your business.

This is true for most condominium buildings in the city. There is a 20-year exemption for any property from the date of occupancy.

Maintenance fees vary from building to building, but all range from $1.50 to $3.50 per square meter. Generally, fees include water, gas, 24-hour security, common area insurance, and cleaning.

No, you do not need to be physically here to purchase the property. Transactions are often done remotely and the structure of the agreements is designed to make it easy for international buyers, which is easily achieved with a simple power of attorney.

Panama is considered one of the safest countries in all of South and Central America. Panamanians are very friendly and welcoming people, and foreigners living in Panama will tell you that they feel very safe and that street crime is rare.

Throughout Panama, the accepted and charged currency is the US dollar. In many places, the dollar is called the balboa, but its value is the same.

Panama has two main seasons: the summer season, characterized by bright sunshine, cool breezes and very little rain, runs from mid-December to mid-April.

Tocumen International Airport is only 15-20 minutes from downtown Panama City.

There are several national and international schools throughout Panama City. International or English-speaking schools include Balboa Academy, Metropolitan School, Knightsbridge International, Boston School, and International School of Panama (ISP).

Panama, unlike many other countries, is encouraging foreigners to come to Panama and settle there.

Panama is surprisingly affordable compared to many countries. Below are some examples of basic costs:

Driving in Panama is not for the faint of heart. There are normal rules and regulations on the road as in most other places in the world.

This becomes a personal choice. Panama City is definitely a busy place with over a million people in it. The city has all the positives and negatives of a large metropolitan area.

In Panama, many buildings allow pets. Some have size restrictions, but in general, they are accepted. There are parks throughout the city that have dog walks and lots of dogs in them all day long.

Panama is a state-of-the-art diagnostic and clinical care center, whose doctors are almost all trained in the United States and are fully bilingual.

There are numerous marinas in and around Panama City, as well as throughout the country. Major marinas within the city limits include the following options:

Within the city, there is a mix of Americans in many neighborhoods. Living within the city allows easy access to many Americans and other foreigners living here in Panama.

Full-time staff can be hired to live in or come in daily for approximately $400-$600 per month depending on needs.

There are private ambulance companies that can be hired that work within Panama City and respond to emergencies.

Full-time drivers can be hired to assist with mobility and disabilities. The cost per driver per month is $400-$500 per month, also depending on needs, desires, and hours.