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Frequently Asked Questions about Panama and Laguna Reef Resort.
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Frequently Asked Questions
- Why Buy in Panama
- Why Bocas del Toro?
- Are there outfitters or adventure clubs available?
- How are the beaches?
- What is the major city and what does it have to offer?
- What currency is used in Panama?
- How hard is it to reach Panama?
- What about the economy?
- When is hurricane season?
- Is it safe to buy real estate in Panama?
- Where is Laguna Reef Resort located?
- What are the people like?
- Is Panama a safe country?
Have a question not covered here? Call us at 1-888-273-7262
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Why Buy in Panama
With the recent passage of Panama’s $6 Billion Canal and Transportation Bill, a solid economy, and the existing modern infrastructure of this beautiful country, real estate investors such as Donald Trump have already begun to invest heavily in Panama real estate. Laguna Reef Resort and Panama are truly “The Right Place at the Right Time”. more info
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Why Bocas del Toro?
Bocas del Toro is an unspoiled tropical paradise, and the most beautiful location in all of Panama. And with strong environmental protection already in place, it is bound to stay that way. Buy into a Caribbean oceanfront condominium now and be one of the select few to have the privilege of owning in this magnificent tropical region!
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Are there outfitters or adventure clubs available?
Panama is known as a world-class destination for big-game sportfishing, jungle trekking, river rafting, kayaking, mountain climbing & rappelling, rain forest exploration, snorkeling and scuba. Experienced guides can take you to unspoiled tropical beaches, coral shores and crystal waters that will amaze and astonish you. Call us today for information on island tours and excursions in the Laguna Reef Resort area.
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How are the beaches?
With shorelines on two oceans and over 1,000 islands, Panama has some of the most beautiful soft sand beaches in the world – there’s bound to be one that you’ll fall in love with. In fact, MSNBC recently named the beaches on our island – Bastimentos – as one of the “sexiest” beaches in Central America.
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What is the major city and what does it have to offer?
Unlike Costa Rica and other countries in Central America, Panama has one of the most beautiful and sophisticated cities in the world: Panama City, a Pacific Coast combination of Manhattan and Miami, where happiness and pleasure are always top of mind. It’s home to 85 of the world’s largest banks, first-class dining & shopping, beautiful 5-star tropical hotels, and Las Vegas-style casinos. Please visit our Gallery for pictures.
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What currency is used in Panama?
Panama’s currency is the U.S. Dollar, with a 1:1 exchange ratio. However, your dollars buy much more in Panama than in the United States, due to Panama’s lower cost of living.
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How hard is it to reach Panama?
Panama has direct flights from six U.S. cities; Houston, Orlando, New York, Los Angeles, Miami and Atlanta. Most major airlines fly to Panama City. From Houston, Panama City is less than a four-hour flight.
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What about the economy?
Donald Trump is investing $220 Million in Panama. AARP has called Panama “one of the top four places for Americans to live and invest abroad”. Eighty-five of the world’s largest banks have major branches there. Panama has the second largest free-trade zone in the world (Hong Kong is the largest). Panama’s GDP is a solid 4.5%, yet their inflation rate has averaged only 1.4% since 1970. With the recent passage of the $6 Billion Canal and Transportation Bill, Panama is poised to become the economic powerhouse of Latin America. There’s never been a better time than now to purchase Panama real estate.
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When is hurricane season?
Unlike many Costa Rica resorts and other Caribbean resorts, Panama is blessed to be located below the hurricane belt, and there are no other major natural disasters that threaten the country.
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Is it safe to buy real estate in Panama?
Panama is a Constitutional Democracy. The laws protect foreign investors to the same degree as Panamanian Citizens. There are incredible tax incentives (such as no property taxes for 20 years in touristic zones), as well as benefits to setting up your international entity there. Buyers from all over the world are purchasing in Panama real estate and establishing businesses in Panama because of its favorable economic environment.
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Where is Laguna Reef Resort located?
Laguna Reef is located on Isla Bastimentos, one of the larger islands in the Archipelago Bocas del Toro chain. These islands lie in the southwestern Caribbean Sea at approximately 9-degrees latitude off the coast of Panama and Costa Rica. All of the islands in the archipelago are safely below the hurricane belt and no other natural disasters are a threat to the region.
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What are the people like?
The Panamanian people are warm and friendly; English is spoken as a second language. The culture is diverse and tranquilo – ranging from seven living Indian and Island cultures to the ultramodern lifestyle of Panama City.
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Is Panama a safe country?
Yes. The prestigious Pinkerton Security Agency has recently given Panama its highest safety rating. In addition, the AARP just announced that Panama is “one of the TOP FOUR places in the world for Americans to live abroad”.
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For information, please contact us at 719-488-0707 or email us at info@csdpanama.com
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