Why Panama real estate?
Chiriqui is the most developed province in the country of Panama. The capital is the city of David. The local government of Chiriqui is modeled after that of the United States. Chiriqui is the largest agricultural producer in Panama. In the highlands ecotourism is popular with the many unspoiled natural wonders of Panama. Chiriqui, Panama real estate benefits from the same progressive laws as the rest of Panama. New construction is free from property taxes for up to 20 years and mortgages of $62,500 (soon to go to $80,000) are subsidized with home owners paying no more than 3% interest. Foreign residents are subject to the same laws and benefits as Panamanian citizens. Also, residency is relatively easy, both for retirees and “persons of means” who purchase property and/or purchase a CD at a Panamanian bank for an investment totaling $200,000. Panama has the best road, ports, airports, and telecommunications in Latin America. US investment is also the highest per capita in Latin Americ
