Panama

Tips and Tricks For Buying a Vacation Home! Part 2

Sunday, May 31st, 2009

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Now that we have talked about how you should locate your vacation property, the next step is going to be actually looking for one.  The destination is obviously going to be the most important thing; after all, you are probably going to be spending a lot of time there.

Costa Rica is definitely one of the top vacation investment property places however, you do not have to go there – you can find your dream vacation home really anywhere!

After you have picked the destination, you next want to find yourself a mortgage broker as well as a real estate agent.  Agent first then mortgage broker.  The real estate agent will actually take you around to all sorts of different properties and help you pick out a home that matches all of your specifications, so you will not have to worry about hunting down a property that fits everything that you are looking for!

Investing in Panama Real Estate

Tuesday, October 21st, 2008

The Investment laws in Panama are very friendly towards foreigners. Foreigners are allowed to buy land and Panama Real Estate almost freely. They are given the same protection as Panamanian citizens. Property Tax exemption is given to companies for twenty years from the date of purchase for properties bough for business purpose. New buildings also will get the same exemption. Companies engaged in tourism promotion are exempted from property tax as long as they do the same business.

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