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Tropical Hotspot Panama Drawing International Kudos

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Posted: 13 Feb 2014 | 6:00 am

It's often too easy to sit in South East Asia and loose sight that global property investors have other booming resort objects of desire.

One market that I seem to be bumping into on a regular basis is Panama in Central America.

One key catalyst of growth is increased airlift with the redevelopment of a former US airbase into an international gateway at Rio Hata.

For foreign property buyers with a large focus on American's, retirement visas are increasingly popular as are discounts for older residents.

In case you are thinking of packing your bags and heading to Panama, prices are similar to those in Thailand for resort grade residences.

Over the past year I have often marveled when reading a number of web-based news sites, which purportedly focus on the advantages and international living.

In many instances the prices quotes on property and cost of living are wildly under-estimated and downright wrong. For those who perhaps want a reality check, just go to one of the sites and click on to the Phuket section and see if the numbers stack up.

Like it or not the world is becoming a much more expensive place to live, no matter how far you go escape.

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Last time I saw Phuket mentioned the quoted US$750 per month for a 3 bedroom pool villa on the beach at Kamala, while a 2 bedroom pool villa 5 minutes from the beach less than US$500 per month. When I queried this with the website no reply.
 
Tom Ultmann, 13 Feb 2014 | 8:56 am

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