http://www.internationalrealestatelistings.com understood the huge incentives and tax exemptions offered by the Panama government and decided to bring these advantages to the international real estate investors. The launch of an exclusive website for Panama real estate has been directed towards the fulfillment of utilizing the prospects provided by the Panama real estate for sale, Panama rentals, and property exchanges between Panama and other countries. The response to the website has been overwhelming, with thousands of Panama property holders, Panama real estate agents and developers becoming members of the new website. The reaction was mainly induced by the absence of middlemen in local and international real estate transactions and several other special offers.
The Republic of Panama is the southern end of Central America. Panama is among the largest Central American economies and its growth rate is the highest in the region, averaging above 10 between 2006 and 2008. The rainforest area of Panama is second largest in the Western world, next to the Amazon Basin. Panama City is the capital of the country and the official language is Spanish. Still, around one-third of the population has been estimated to live below poverty line, with about 15% facing extreme poverty conditions. Tourism is a major contributor to the economic growth of Panama and the government has been offering tax discounts and special price offers to foreign retirees and guests. These visitor incentives have given a big boost to the Panama real estate industry and developers have been expanding the tourism destinations in the last 5 years vigorously.
The Law No. of 8 of Panama is considered as the most comprehensive and modern law on tourism investment in the entire Latin American region. This law allows 100% exemption from real estate tax, income tax, import duties on construction equipment and materials, and other real estate related taxes. Special tourism zones have been created with multiple tax holidays and tax exemptions. Hence, international investments have been flowing into Panama steadily in the past few years and overseas investors are taking the Panama real estate scene quite seriously.
The distinguished real estate expert, Mr. Taylor White, creator of the global real estate website, http://www.internationalrealestatelistings.com, has understood this changing phenomenon more than others. He felt the time was right to extend his special international real estate approach to Panama real estate for sale and Panama rentals. The new website for real estate in Panama was the result. When we discussed this issue with him, Mr. White highlighted the essential benefits offered by International Real Estate Listings through the new Panama real estate website for fast and profitable cross-border real estate transactions.
1. The Panama property holders and other stakeholders have been given the chance to open individual accounts within 30 seconds, without the need of providing sensitive personal information like credit card details, etc., thus giving them protection for identity thefts and other frauds.
2. After activating the account, each lister is allowed to register any number of properties for sale, rent, or exchange, accompanied by lengthy descriptions, several photos of each property and one YouTube video free of cost for 6 months in the Basic Listings of the website.
3. The Free Property Alert provision allows the lister to send emails to all those interested in Panama real estate for sale furnishing details of the complete set of listings.
4. The lister can further place the listings to be accessed by the global opt-in subscribers of International Real Estate Listings.com through the Free Weekly Hot Sheet.
5. Subject to certain conditions, the lister can upgrade his 6 month free Basic Listings to Featured Properties, Premium Properties, and Exclusive Properties sections at no extra cost.
6. The lister has the added advantage of posting a customer-specific designer flyer in the Panama Craigs List, again a free service.
7. The Basic Listings also provide the lister with the benefit of automatic placement in the Twitter and Facebook pages of International Real Estate Listings.
8. The Panama property listings are also submitted to more than 25 social bookmarking websites, such as Yahoo Real Estate, Oodle, Vast, Backpage, Zillow, etc.
9. To enhance the chances of international real estate transactions for all Panama real estate listings, exclusive emailer arrangements exist to reach all the global members of International Real Estate Listings.com with the Panama property listings. This is to help the Panama property holders to sell, rent, or exchange their properties profitably and in quick time.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Panama real estate and Panama real estate listings. Panama real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.