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Panamas retiree benefits are among the best anywhere. Here are 7 more reasons why Panama is becoming the hottest new retiree destination.
Panama is quickly becoming one of the hottest real estate and retirement locations in the world. Many retirees are finding out about "the new Costa Rica". There are many reasons why Panama is growing in popularity with foreign retirees, businesspeople and investors. Here are a few reasons why:
1. The Panama Economy --
the Panamanian economy is one of the most stable in Latin America.
Thanks to solid banking and the dozens of industries supported by
the constant cash flow of the Panama Canal, business is booming in
Panama and cash is readily available.
2. Panama Uses Dollar Currency --
the Panamanian "Balboa" is actually the U.S. Dollar. Retirees love
that they don't have to calculate conversions or learn a new
currency.
3. Panama's Climate --
Panama's climate is as varied as any nation. From hot, sunny
lowlands to the dry, windy beaches all the way up to the cooler
mountain climates of Chiriqui...there's something for every
retiree.
4. Friendly Panamanian People --
Panamanians are accustomed to foreigners. The U.S. military
had a major presence in Panama until the handover of the Canal and
thus, the locals are quite accustomed to foreign ways and dealing
with outsiders.
5. Panama's Low Cost Of Living
-- Panama is still relatively inexpensive compared to the U.S.,
Europe and other retirement destinations such as Costa Rica.
The quality of life in Panama is very good for the value.
Thanks to the Canal, most products available anywhere can be found
in Panama City and at real market prices.
6. Panama's Modern
Infrastructure and Services -- Panama's highways, telephones,
shopping, hospitals and banks are incredibly modern. Most
foreigners are pleasantly surprised at how advanced Panama is,
even in remote areas.
7. Panama's Government & Safety
-- Panama's is led by a popularly elected President in a
Democratic system that is similar to most modern nations.
Police presence is visible and efficient. Crime is minimal
compared to other Latin nations and major U.S. cities.
