We couldn't find the page you requested on our servers. It's our fault, not yours. We'll work hard to get this page back online as soon as possible. Perhaps you would like to go to our home page?A FOUR-BEDROOM BEACHFRONT HOUSE WITH A COURTYARD ON PANAMA’S PACIFIC COASTThis six-year-old beachfront house in the gated Buenaventura resort has four bedrooms and four and a half bathrooms. The two-story house is for sale fully furnished, including five flat-screen televisions and a built-in wine cooler. It is built in the Spanish colonial style, around an interior courtyard with a fountain and a skylight. The courtyard serves as the dining room; the living room and kitchen are adjacent.Kitchen furnishings include Italian cabinets, a double-width stove and a granite-topped island with a sink. An alcove off the foyer is used as a home office. There is also a half-bathroom on the first floor.Upstairs, all three guest bedrooms have their own baths. The master suite overlooks the ocean.

A glass wall in the master bathroom faces the internal courtyard. The house has Spanish tile flooring and colonial-style wrought-iron light fixtures.Surrounded by tropical landscaping, the property borders the beach, and also has a private multilevel pool with waterfalls, a hot tub, and a swim-up bar.Buenaventura, a decade-old development, is about an hour and a half from Panama City, in the popular vacation retreat area of Farallon on the Pacific Coast. A resort hotel there has a gourmet restaurant, and a golf course designed by Jack Nicklaus is scheduled for completion in 2012. There are groceries and drugstores 30 minutes from the house in the resort community of Coronado, but the nearest high-end shopping district is in Panama City. Foreign investor interest drove up the real estate market between 2005 and 2008. Since then sales volume has dropped by as much as 50 percent, said Guillermo Ruiz, president of United Realtors in Coronado. This year the market has started to improve, with sales volume increasing slightly and prices holding steady, Mr. Ruiz said.

In the Pacific Coast beach resorts, the setting for this house, single-family homes start around $325,000, according to Mr. Ruiz. Higher-end homes range anywhere from $450,000 to $2.5 million.Jianella Torres, sales manager of New World Real Estate in Panama City, says high-end homes with over 5,000 square feet of space sell for $1 million and up in the city. There is also a market niche for luxury homes about half that size, which sell for about $600,000.“Our market is really a melting pot,” Ms. Torres wrote in an e-mail.The decrease in North American buyers since the global financial crisis has been offset by an increase in buyers from South and Central American countries, including Argentina, Chile, Peru, Ecuador and Colombia. Mr. Ruiz says buyers from West European countries like France, Italy and Britain are increasingly common.There are no restrictions on foreign buyers in Panama, but “you generally need a lawyer if you’re a foreigner,” said Andres Martinez, a broker for Panama Realtor in Panama City, who has the listing for this property.

Legal fees are about 1 percent of the purchase price. The buyer also pays a fee of approximately 1 percent to register the deed.Mr. Martinez says a buyer with a good financial profile can borrow as much as 75 percent of the purchase price. Window Cleaning Pole 5mThe loan term depends on the buyer’s age: older buyers receive shorter terms. Homes For Sale On Logan Blvd Altoona PaMortgage origination fees run 0.5 percent to 1.5 percent.“Homes For Sale 26105The broker commission here is always paid by the seller,” Mr. Martinez said. The standard commission is 5 percent of the purchase price. The seller also pays a 5 percent tax on the sale price.Panama has a systemic problem with tax evasion; Mr. Martinez said the government was seeking to address the issue by simplifying and tightening the rules.

Recent property tax reforms are meant to revise a program that allows buyers of new properties to claim tax exemptions for the first 20 years. New tax exemption periods will depend on the price of the property, and will be shorter. For example, a house of this price, if new, would only be exempt from taxes for 5 years under the new program.Panamanian balboa, American dollar (1 balboa=$1)The house is exempt from property taxes for the next 14 years. Once that period has expired, the owner will owe an annual tax equal to 1 percent of the property’s registered value (usually the same as the purchase price), according to Mr. Martinez.A monthly maintenance fee of $360 covers maintenance of roads and common areas in the development. There is an additional fee to join the golf club, and to use the hotel’s tennis and spa facilities.Andres Martinez, Panama Realtor, 011507-6671-9704; hour outside of Panama City on Panama's Pacific coast, Coronado is a growing beach town that for

years was a popular vacation spot forIn the last decade or so, it has become a popular expatriate Most of the expats here are from the U.S. and Canada, and in many ways, Coronado feels like the U.S. and Canada.  Residents enjoy modern shopping malls, grocery markets, banks, fast food places, car rental outlets, restaurants, grocery stores, just about everything a person could need. Internet connections, direct TV and even a heliport are here.  Housing options include gated communities, a country club, high rise condominiums, beachside bungalows and Tuscan-styleThe beaches are long with black and white sand and are considered some of the country's most beautiful. Coronado has a sprawling, world class golf course, an equestrian center and a lively nightlife. More and more high end resorts are being built, attracting an ever more upscale clientele. knows for sure, but it is estimated that Coronado has the second largest expat

the expat group, 40% are Canadian, 30% are American and half of the expats are part-time Depending on lifestyle, renting or buying, the cost of living generally meets the U.S. start at around $800 per month and can reach $3,000 per month houses start in the low-$200,000s but start in the $100,000s further from town. Homes in expat gated communities tend to be expensive. Temperatures are in the 80s to area receives 60 inches of rain per year, on average. Thunderstorms are common, but Local Medical Clinic orYes, the San Fernando Clinic, which is affiliated with San Fernando Hospital in Panama City. Services include blood work, medical exams, treatments, x-rays and emergency Crime Rate:  Below thePetty crime occurs, but but violent crime is rare. Most gated communities are particularly safe. welcomes foreign retirees, and its Pensionado Program is tailored to retirees of all ages.

To qualify for the program and become a legal resident, a married couple must have a monthly income of $1,000 for life from a guaranteed source, such as a pension or annuity. $750 per month is allowed if a home valued at least $100,000 is purchased. The program also offers to a wide range of discounts on everything from airfares to home phone service. Airport in  Panama City. estate is cheaper the farther one travels  from the townThe city is still popular with weekend beach Recommended as a Retirement Spot?   No part of this electronic publication may be reproduced in any way without the express written consent of Webwerxx, Inc. Reproducing any original part of this publication without written permission from Webwerxx, Inc. is plagiarism.  Numerous attempts were made to verify the accuracy of the information contained in this website, but some information may have changed since each article and/or report went online, and Webwerxx, Inc. is not liable for