Panama
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Panama is a part of the Latin American region and lies on the isthmus which links the Northern and the Southern American continent.

GENERAL MARKET INFORMATION

       The main sources of Panama economy are the Panama Canal banking, Colon Free Trade Zone, container ports, flagship registry, and other businesses.

       The freedom score of the Panama economy is 67, making it the 54th freest economy.

       Around hundred and thirty-four international companies have their headquarters stationed in Panama.

       Panama has a total foreign investment of USD 5.8 billion.

       In 2014, the number of individuals below poverty line reduced by 10%.

       In 2017, the GDP of the Panama country is 6183.82 crores in USD.

       The national currency of Panama is the Balboa. However other than Balboa, the US dollar is also used as a legalized currency.

       Domestic violence is the biggest legal problem in Panama. Theft too is quite frequent in the rural and provincial regions.

TAXES AND COSTS FOR PROPERTY

       Both the urban and rural properties are levied with property taxes.

       The tax levied depends on two factors- the market value of the concerned property and the costs of improvements as issued but the Land Commission.

       The rate for the property taxes is progressive in nature.

       The maximum tax rate in Panama is 2.10% on the market value of the property.

BUYING GUIDE

       No restrictions are imposed on the foreigners for buying the property.

       A foreigner can purchase any property in two different ways- either by purchasing a titled property or by purchasing a ‘possession right’.

       All the titled property records are monitored with the help of the Public Registry Office.

       A Promise to Purchase Agreement ensures the security of the titled property till it is mutated into the name of the buyer.

       For the possession righted properties, the person will have only the possession but the ownership won’t be transferred permanently.

TENANTS AND LANDLORDS

       The duration of the lease contract doesn’t have any restriction.

       The Panamanian Judicial Branch and the Housing Commission of the Ministry of Housing are the legislative bodies in Panama.

       The property rules abide by the Civil Code of 1917.

 

Population In Panama

Population
4.3018.13%
Population Change
3.64 MillionYear 2010

GDP In Panama

GDP
5380.03%
GDP Change
29.44 BillionYear 2010

Inflation Rate

Inflation Rate
3.65%40.38%
Inflation Rate Change
2.6 %Year 2010

Unemployment Rate

Unemployment Rate
18.50%400.00%
Unemployment Rate Change
3.7 %Year 2010

Loan Growth

Loan Growth
N/A 0.00 %
Loan Growth Change
N/A

Lending Rate

Lending Rate
7.5 %-2.60%
Lending Rate Change
7.7 %Year 2010

Tourism Revenue

Tourism Revenue
N/A 0.00 %
Tourism Revenue Change
N/A

Tourism Arrivals

Tourism Arrivals
1.78 Million34.85%
Tourism Arrivals Change
1.32 BillionYear 2010

Terrorism Index

Terrorism Index
0.04 %-87.10%
Terrorism Index Change
0.31 %Year 2010

Crime Index

Crime Index
N/A 0.00 %
Crime Index Change
N/A

Average Monthly Net Salary

Avg Monthly Net Salary
N/A 0.00 %
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N/A

Home Ownership Rate

Home Ownership Rate
N/A 0.00 %
Home Ownership Rate Change
N/A

Housing Price Index

Housing Price Index
N/A 0.00 %
Housing Price Index Change
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Rent Today

Rent Today
N/A 0.00 %
Rent Today Change
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Rent per sq m Today

Rent per sq m Today
N/A 0.00 %
Rent per sq m Today Change
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Rental Yield Today

Rental Yield Today
N/A 0.00 %
Rental Yield Today Change
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Price to rent ratio today

Price to rent ratio today
N/A 0.00 %
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Price to gdp per cap

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N/A 0.00 %
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