Summer is just around the corner, and everyone is already thinking the same thing: where will I go on vacation?
Well, know that we at Realigro are also doing a little thinking, but even bigger. Why think of a simple period of leisure, when you could aim higher? What if you could invest to live an eternal holiday in a dream location?
We have identified a country unique in its kind where, currently, it is worthwhile to buy a property and move.
We give you a small clue: we are in Latin America, in a place always sunny, warm and Caribbean. We are talking about Panama! So, if you are curious to find out more, you just have to arm yourself with paper and pen and follow the letter of our mini guide!
Buying a property in Panama could be an important investment for you, whether you are a young millennial or a family man. Make yourself comfortable then: let's start our guide to the discovery of Panama!
Let's start with a brief historical note. This state is the result of a real political compromise between the United States and neighbouring Colombia. The territory can be defined as an isthmus that connects North and South America, so much so that it is defined as a transcontinental country.
The climate is typically Caribbean, with temperatures that are always kept above 33 ° C.
Given its geographical position, it is not surprising that the resident population is extremely multi-ethnic. In fact, the country has been subject to strong waves of migration, which is why there are currently Europeans, Americans and Asians. The official language is Spanish, but precisely for the reasons previously expressed, English is the second official language.
What are the documents to be able to access this wonderful country?
The passport must have a residual validity of 180 days from the moment of arrival in the country. However, entry is guaranteed only upon presentation of the return ticket or another ticket to another destination. For those who wish to extend their stay beyond 180 days, they can apply for a visa at the immigration agency.
Let's get to the heart of our guide: the cost of living in Panama.
Know that we are talking about very low figures. Just to give you an 'idea, the subscription to a gym (monthly) is around 20 euros, the health is not public but has affordable prices and, thanks to the presence of the "program retiring". In recent years there have been many pensioners who have found it particularly convenient to move to Panama. But these are extremely luxurious structures or on the coast. Referring to the previous analysis of the cost of living in Panama, it can be seen that, although at first glance property prices may seem excessive, the latter are then depreciated by the minimum monthly expenses.
What can I say, we hope that this mini guide has been functional to your transfer to one of the most desired locations in the world!
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