Why Now is The Time to Buy Real Estate in Panama City Panama

Why is it a good time to buy real estate in Panama City, Panama now? So many Americans are losing their jobs every month, and many others are losing their homes or in danger of losing them, how can investing in real estate be a good idea?

According to the government of Panama on Internet reports, now is a good time to invest in real estate in Panama for many reasons, including the fact the real estate market is so stable in the country that investors can be sure the value of their investment will remain stable or increase for the next ten years. Although factors can change, the value of real estate is expected to remain stable.

For those who choose to buy real estate to live in Panama, or as an investment to sell, those moving to Panama will find a low cost of living, despite the gloomy economy worldwide. The will also find a beautiful area, excellent ambiance, and convenient daily living. According to Internet reports, the climate in Panama is excellent, tropical all year round. Residents will find a good educational system and economic stability. If you own a condo in Panama, you can look out on the sand and waves, and hear their roar, as you are eating breakfast and drinking a cup of coffee.

Real estate in Panama has boomed over the last several years, offering benefits, including tax benefits, banking opportunities for those who buy, and comforts for those who buy. Many real estate investments will bring spas, pools, and gyms to the buyers.

The government of Panama has recognized the growth in real estate sales and investments in its country and that now is a good time to invest in real estate in the country. The Instituto Panameño del Turismo (Institute of Tourism) has developed a publicity campaign to advertise Panamanian real estate projects. As a result many tourists who come to Panama City, Panama, including retirees, may discover that not only is the area beautiful but that real estate can be a good investment now for many reasons, including: the tax benefits available, all the amenities that come with property, many banking options, and the beautiful area they can live in for the rest of their lives.

Those wanting to buy real estate in Panama City, Panama, can discover many benefits available for foreigners, if they obtain a visa, including: the ability to import domestic or personal articles to their new home; the ability to import a new vehicle every two years; discounts of 15% for most services and products at hotels, restaurants, movies and other services for those that are retired; and the exoneration of the inheritance tax.

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Those who buy real estate in Panama City, Panama, will be able to enjoy beautiful white sandy beaches, palms, unforgettable sunsets, fantastic landscapes, and amazing colors. You will find the coasts of the Pacific and Caribbean Oceans to be beautiful, corral reefs, marine life and areas to go scuba diving and snorkeling.

Panama City, Panama Restaurants

Panama City, Panama offers well over 100 restaurants of varying cuisine for your dining pleasure. These five dining places are but a small sample of the diversity Panama City, Panama restaurants have to offer, for whatever type of food or dining style you wish.

For a fine, elegant, luxurious dining experience, visit The Palms in the Bella Vista area. The Palms is generally recommended as one of the top 10 dining places in Panama City. This restaurant has what it describes on its website as chic minimalist decor and high cuisine. The decor might also be described as ‘tropical-chic’. Here can be found a superb influence and fusion of Latin and Asian flavorings, with fresh seafood and prime cuts of steak. Upstairs, there is a hip urban-style bar called Urbano, where you can have a wonderfully wide selection of drinks.
For a gourmet Panamanian dining experience, try Las Barrandas at the Bristol Hotel, a block off Calle 50 in the Business District, where well-known chef Cuquita Arias produces some marvels of culinary delight. If you wish to sample excellent Panamanian style food, this one of the best places to go. For appetizers, you can try the plantain wontons; plantains are one of the most common food in the Panamanian diet. As a main seafood dish, the corvina (sea bass) in a tamarind sauce is highly recommended. The desserts are also exquisite. The food is well presented and the atmosphere is refined but warm.

 La Posta is a bistro restaurant also in the Bella Vista area of the city, and has an extensive international menu. This restaurant is particularly known for its superb tasty homemade bread, whole wheat and white both. There is also gourmet pizza done to perfection in wood burning ovens. La Posta is also known for its excellent treatment of seafood, in particular the corvina, a popular seafood item in Panama City.

The Greenhouse Cafe/Lounge has two locations, one in Calle Uruguay and another in El Cangrejo. This restaurant is known as a place to have a ‘green’ eating experience. It offers a friendly, natural, homey ambience with pleasant music playing in the background. The menu can be described as eclectic, with a wide variation of food – from comfort food to gourmet. You can have a burger and fries or you can sample some Panamanian sancocho, a traditional Panamanian soup made from free ranging chicken. The Greenhouse also offers a great selection of salads. The Lounge Happy Hour is another fun experience to be enjoyed here.
Madame Chang, located on Calle 48, has earned a reputation as the best Chinese restaurant in Latin America. The Peking duck, offered with a plum sauce, is particularly delectable, as are other dishes such as sliced beef with oyster sauce. The food is a blend of traditional recipes with a contemporary touch, and the ambience is elegant, but more casual than formal.
As seen even in just these five restaurants, Panama City, Panama has many fine dining experiences waiting for you!

Places To Eat In Panama City, Panama

There are so many places to wine and dine in Panama City, Panama. Along with local cuisine Panama City, Panama is lined with your normal fast food chain restaurants. A popular restaurant seems to be Eurasia. It is a fine dining European restaurant. If you are looking for a cuisine from the Latin Panama culture I suggest eating at Las Barandas. Not only is the food amazing, but entrees are fairly inexpensive for such a classy place. The entrees range from $15-$25. The chef there is the Panamanian version of Martha Stewart equipped with her own line of cookware as well.

If you just want a laid back casual inexpensive meal you should try Madame Changs. This is said to be the best Chinese restaurant in Panama City, Panama. There is a spot to dine for every taste. If you’re craving Italian try Alberto’s Pizza and Pasta. If you would like some local food at a reasonable price you could go to Al Tambor de la Alegria (located near the Amador Causeway). Here not only will you get to indulge in the excellent food, but you will be entertained as well with a 1-hour folkloric dance presentation.

The list of places to eat is endless. I suggest when you are making your reservations start asking about dining and entertainment. Panama City, Panama is a beautiful location with fresh produce at it’s every whim. Your taste buds will dance with flavor.

Panama is not just a great place to eat and vacation, it is also a great place to live. For more information on available properties please see www.isgworld.com