Real Estate in the Republic of Panama.
Real estate in the Republic of Panama has grown since 2006, as foreign investments helped boost Panama’s economy and housing market.
In an attempt to incentivize foreign investment for real estate and infrastructure projects, the government of Panama enacted laws that protect foreigners and citizens who make investments.
As in the US and Canada, Panama uses a system of publicly registered titled deeds as proof of real estate.
Since the opening of the Panama Canal in 1914, Panama’s economy has depended on banking, transportation, and the service industry.
According to a 2012 report from the United States Department of State, Panama is open to foreign investment with a generally positive investment climate and “excellent economic success” enjoying high economic growth and expected to continue with a ” strong growth in the coming years ”.
The World Bank reported that Panama has experienced the fastest economic growth in Latin America in the last ten years.
According to Christopher Howard, author of 15 books on retirements and investments in Latin American countries, including Panama, wrote: “A business-oriented government encourages foreign investment.”
Professors Edward Jackiewicz and Jim Craine of California State University Northridge claim that Panama in 2010 found a temporary niche as a safe place to invest.
Panama has a specific law that protects foreign investments called Law 54 of 1998. According to the Panamanian government, the Foreign Investor Protection Law establishes that foreign investors have the same rights as nationals in Panama.
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