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Panama is a country oft-ignored by those looking for a holiday and it’s no different for those looking for a potential off plan investment. It’s quite odd when the facts are weighed up, as the country has a strong economy which is growing stronger with each year – the large Panama Canal is likely to see trade to the country increase a spectacular amount. Panama is home to some utterly stunning natural beauty, friendly people and a good standard of living. Even if the costs aren’t as low as other Central and South American countries, they are still comparatively low next to US and European cities. Panama City is thriving, modern and forward-looking, a city idea for any potential off plan investor to look at. With it being the capital, prices are not that low – though they are still more than reasonable in a lot of areas and some bargains can be found. Other areas in the country see cheaper plots available and there are more than a few bargains waiting to be snapped up by the savvy investor. With some wonderful scenery, friendly people, a strong, growing economy and an impetus on foreign investment, Panama is a great country to look at for an off plan buyer – tax breaks are afforded to persons who live off a wage earned from abroad and tax is not charged on new buildings for up to five years. All this adds up to show there are more than enough reasons why someone would want to put their money into this oft-overlooked and misunderstood country. It’s pretty good for duty free, too!
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