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Facts About Living in Panama

Jul 2, 2008
Panama is an isthmus in Central America, a geographical location that connects south and North America. It is surrounded by both beaches and mountains, since Panama is in the borders of Colombia in the south east, Costa Rica in the North West, Pacific Ocean in the south and Caribbean Sea in the north. This location makes Panama feasible for trade, tourism, and commerce that involve people from North America, Central America, and South America. Also, it is in this reason why Panama is composed of diverse population. However, Panamans are mostly mestizo and Spanish speaking, although most Panamans knows how to speak English.

Because of diverse population, the culture has also been diverse but while living in Panama, you will observe common festivities and events in its towns and villages for celebration of its patron saint. The most popular festival in Panama is Carnaval which has been considered as the second best festivities in the world next to Brazil.

Although Panama is considered a third world country, its development in the recent years has made living in Panama more comfortable and safe. It has rising infrastructures that make living in Panama modern. It has high skyline buildings and developing technologies in telephone and internet access. Cost of living continues to be low despite the progress that why living in Panama is just convenient both for expats, retirees, and immigrants. Aside from low cost of living, living in Panama also means a safe place to stay as crime rates are also low. Except for other part in the city and in Colon, living in Panama is actually safe compared to other industrialized countries in the US.

Living in Panama is very easy. Properties in Panama are affordable and have tax incentives. When you buy properties in Panama, you have options to buy properties in beach front, within Oceanside view and within city or suburbs. Every where, Panama has developing buildings and construction for residential and commercial use. You can enjoy high returns of business investment in Panama because of low price of properties and affordable prices of consumer goods. In fact, Panama has the largest consumption among other countries in Central America.

Aside from business opportunities awaiting you when you consider living in Panama, there are lots of activities that you can do in this country. If you are into adventurous hobbies, you can choose to go for the mountains or on the beach. With mountain ranges in Panama, you can actually do mountain climbing, camping, and do bird watching. If you want to go to the beach, you can do surfing, scuba diving, sailing, and fishing on any parts of its coastlines.

Finally, living in Panama means living in a tropical climate. When you live in the Caribbean side, you will experience more humidity and rainfalls than when you live in the Pacific side. Although there are earthquakes that previously occurred in the country, it is safe against hurricane as the country is considered to be located outside hurricane belt.
About the Author
Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit www.cpanama.com.
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