Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Panama.
Panama is at the crossroads of North and South America, with direct access to both the Pacific Ocean and the Caribbean Sea. This makes it a strategic location for businesses and trade. For real estate investors, the country's position provides access to global markets, making it an attractive hub for international businesses and tourists.
Panama offers a range of tax incentives, especially for foreign investors, making it a tax-friendly jurisdiction for real estate purchases. For example, there are tax exemptions for new construction properties under certain conditions. Additionally, Panama’s territorial tax system only taxes income earned within the country, which benefits foreign investors.
Panama is home to a large and growing expat community due to its affordable cost of living, favorable climate, and ease of access to healthcare. This demand for properties from expatriates is pushing the growth of both residential and commercial real estate markets, offering investors opportunities to cater to this demographic.
The Panamanian government has been focusing on large-scale infrastructure projects, including highways, bridges, and public transit systems. These projects improve accessibility to remote areas and enhance property values in those regions. The expansion of the metro system in Panama City, for example, opens up new opportunities for investment in residential properties.
