Is It Safe to Buy Real Estate in Panama?

e of the most common questions I get - "Is PanamaPanamanian?"Most agree that the 7 indigenous tribes
a safe country?" Yes, without a doubt. In factprobably have the best claim. For the rest they are all
Panama has been ranked one of the safest touristimmigrants of one sort or another. As a result it is
destinations in the world right along side Canada.Letdifficult to tell the Panamanians from the visitors. You
me give you some personal examples and then letmay see someone who looks very much like an
me give you some additional reasons why I believeAmerican, a Canadian, maybe they are from India or
Panama is so safe. For some time we lived near theChina - the reality is they could all be Spanish
village of Boquete in the highlands region. It was aspeaking 2nd or 3rd generation Panamanians. Because
daily scene - young children and young womenof the multicultural mix of the country no one really
walking many miles to work or school. My wife and Istands out as a foreigner - or different. So, when
are exercise addicts and you might recall we were inyou or I arrive in Panama we are immediately
the health club business. At that time there were noaccepted - we tend to blend in. The US dollar
health clubs in the area so I purchased a usedcontributes to safety as well. Often when traveling in
mountain bike. I just found one so my wife and I hadforeign countries we are taught to keep our dollars
to share. Each morning I would go out around 6amout of sight - it's just too tempting to the locals. In a
and then about 7am my wife would go. She wouldcountry where the local currency may be devalued,
cycle through town and out of town on the quietthe US dollar has a certain allure. But in Panama
winding country roads for about 10 km. Not once dideveryone is using the same money be they a
she feel unsafe. At the time my boys were just 11 &farmer, banker or tourist. Another Safety issue many
9. They would walk out to the road and grab one ofinvestors fail to consider is the weather. In recent
the local taxis, pay 25c each and get a lift into townyears hurricanes throughout the southern US and
where they would buy 25c ice cream. Honestly, Imost of Latin America have brought this issue to the
would not have had that much comfort and trustforefront. As you saw in my last Letter about
back in our home town in Ontario Canada. In fact ISafety, Panama lies in a unique region where violent
wouldn't have done it there. So what makes Panamaweather is almost unheard of and it is the only Latin
so safe? First, I believe we need to look back atAmerican country which is Hurricane Free - that's
Panama's history. Panama is a peaceful republic andright, records dating back to 1851 show that Panama
for most of the past century has been under theis in a safe zone where hurricanes never hit. As
watchful eye of the United States. Today's Panamainvestors from Florida to Texas can attest rising
was born of a multi-culture mix of peoples frominsurance rates can take a dramatic bite out of your
around the world thanks to the Panama Canal. Toreturn. In Panama your vacation and your investment
this day the people debate "Who is the truewill never get blown away!