Making the decision to invest in Panama property may be one of the best decisions of your life. If you do it right.

If you live in the US or Canada, you are witnessing one of the biggest nose dives in property prices that you have seen in your life time. And it shows no signs of improvement any time soon.

Other places in the world are seeing similar declines. It probably makes you a little nervous to purchase property anywhere.

Panama property sales have declined in recent years as well. But, as you are about to see, Panama property investments can still be a hot investment and a great lifestyle choice for you. If you are the right type of buyer.

Here are 5 reasons Panama Property is still hot.

Price

Land prices are still extremely low. Especially if you compare them to the prices in North America or Europe. Whether you are looking for a city lot, farm or rural property, or a nice piece of ocean front real estate, your price in Panama is going to be considerably less than the same type of lot in the US. And yes, it is still possible to find affordably waterfront property in great locations.

Lifestyle

Panama boasts and incredible year round lifestyle. Whether you are into city nightlife or rural outdoor activities, you can find it. Panama City is a thriving metropolis containing high end shopping malls, bars, restaurants, theaters and more.

Once you step out of the city, you walk into a wonderland of water sports like sailing, surfing, diving and fishing. As well as activities like hiking and exploring. Do You like golf? There are several world class golf courses. And you can actually afford to play at them. Unlike the good US courses.

Scenery

This goes along with the outdoor activities already listed. But it is worth calling them out again. The wide variety of plant, animal and bird life is unrivalled anywhere. If you are into architecture, Panama City is a city of contrasts. From modern high-rises to Spanish colonial architecture, they have it all. From ocean vistas to mountain and valley views, you can choose a Panama property that is just right for you.

Economy

The economy is still growing. Even when the worst of the recession was hitting the rest of the world, Panama showed growth. And Panama is focused on keeping that growth through the Canal, expansion of tourism and construction.

Many world class firms are setting up shop due to its potential as a world class business hub.

Cost of Construction

Once you have obtained your Panama property it is still relatively inexpensive to build on. While in the US and Canada construction prices have soared to over $400 / sq ft in some places, in Panama the prices have stayed around $100 / sq ft. The prices have gone up over the last few years, but no where near as high as the US and Canada.

Keep in mind, land prices in Panama have gone up, and sales have slowed. Making a fast buck is no longer possible. At least not the way it used to be. But if you plan on enjoying your real estate, as opposed to just purchasing as a flip or investment, Panama property continues to be a good investment.

If you combine the lower costs and lifestyle benefits, it is hard to ignore.

Because of the slowing real estate market, you do have to be more careful when you buy. Take your time in shopping around and deciding what property type you want.

Would you prefer a lot in the city, in a golfing community or beach? Or maybe you can imagine yourself on farm or in a condo? It’s all up to you.

Panama property is not showing any signs of collapse. At this point, prices have not dropped like they did in North America. If you want one of the best lifestyle opportunities there is, with a solid real estate investment you definitely should investigate Panama.