Panama is such a great place that a lot of people would love to live and do business here.
To prevent too many foreigners from living here and to promote investment, the Panama government does not make it easy to live here.
Real Estate shopping in Panama is not easy as it is in the States. To start, Panama has no Multiple Listing Service (MLS). Secondly the legal system is weak and time consuming. So it's important that from the beginning you find reliable professionals to work with, including your real estate agent and your lawyer.
According to Judy Sheridan, in her book, "How to Work with an Interior Designer" there are seven common problems found in todayâ€™s interiors. In her book she also talks about what a designer should bring into a project, and what a designer offers that goes above and beyond the call of duty and how it can save you money and add value to your home:
1. The seven most common problems found in todayâ€™s interiors:
â€¢ Awkward floor plan
â€¢ Out of date kitchen and/or bathroom
â€¢ Problem windows
â€¢ Lack of space or storage
â€¢ Inadequate electricity and electrical conveniences
One of the great advantages for foreigners living in Panama is the high quality of medical care including a large number of US-trained physicians and specialists. Foreigners living in Panama will tell you what a pleasure it is to be treated by one of Panamaâ€™s numerous American-trained, English speaking doctors. They are warm, knowledgeable and unhurried.
This is an exciting time to shop for property as Panama is just beginning to develop as a retirement and vacation destination of choice. Many choose Panama because the cost of living in Panama is much lower than the in the United States and Western Europe, and more financially stable. In fact Panama has been consistently rated as a top international retirement destination year after year by publications such as International Living, Conde Naste Traveler and the American Association for Retired Persons (AARP).
In Panama City, in regards to recreation, the first thing you have to deal with is the heat and humidity during the day. This means that water and indoor sports make a lot of sense. Other sports like tennis and golf are only comfortable in the early morning, late afternoon or evenings.
For water sports, the fishing, surfing, kayaking, diving, rafting and snorkeling are excellent and always close by.
The best cars for Panamaâ€™s roads are Asian. We donâ€™t know why but Asian cars just take the heat, wet, humid climate and potholes of Panama City far better. Itâ€™s also easier to get car parts and servicing for major Asian car brands.
For safety, the best kind of everyday car is an SUV. Due to the chaos of the city there are many fender benders so you'll feel safer in a larger car. An SUV also gives versatility on rougher roads outside Panama City.
You can find just about anything you need in Panama- more than any other country in Latin America (even Mexico). Not only that, the stores are well organized and many seem copy cats of some American stores. You'll find stores for just about everything from furniture to electronics, to health foto clothes. And the prices are right- the same or less than the United States and Europe.
Most stores will deliver furniture and large appliances deliver anywhere in Panama. In Panama City, delivery is often free.