OPINIONS ON PANAMA
Read why moving to Panama makes for a great lifestyle change and
easy retirement living!
updated Oct.9th,2010
Don't just take our word for choosing Panama as the best place to retire,vacation and invest!
Click on any of the links and see what others have to say!
Read this article from one of the
foremost authorities on offshore
retirement and investment.
And, if you are concerned about being  able to retire read
this article for an even more  compelling reason to act
now!
Villa Davina--building our dream with your retirement
in mind.
Don't delay!
Learn ways to save your retirement .
Click the link below to read a great article
The experts agree--
if you have limited savings-CUT YOUR COSTS
click on US news
We're featured in the British Magazine Shelter Offshore
Below is an excerpt from an article written by the Times

NEW YORK TIMES...

Little wonder that Panama is increasingly lighting up the
radar screens of those searching for an
affordable alternative to more traditional south-of-the-border
retreats in Mexico, Costa Rica and the
Caribbean, where escalating prices increasingly rival those
along America's own beachfronts.
Yet despite the price increases, property here remains a
fraction of what one would pay for similar
real estate in the United States. And with enticements like a
20-year suspension of property taxes
to those who build houses or renovate in a historic district,
and an income tax hiatus for those
starting some small businesses, the opportunities are
appealing not only for those seeking a place
to retire but also for entrepreneurs.".
Panama is in the top five locations in the world for
retirement.
Panama offers the best incentives of all of the locations
available to retirees and investors.
No income tax on capital derived from offshore sources.
Unlike Costa Rica, Panama has realistic requirements for
retirees.
Panama also has the best infrastructure in all of Central
America.
Top quality, well maintained roads, electrical grid,
telephone, Internet and the all important safe, clean,
drinking water through-out the country.   
Excellent medical and pharmaceutical facilities. The health
care pricing structure takes the worry out of going to the
doctor, needing a prescription or a stay in the hospital.
If you wish, you can purchase health care insurance
starting at $60 per month!
For the "snowbirds", forget Florida with it's high prices,
hectic pace and the ever dwindling personal security!
Property prices have definitely fallen in the U.S. but, the
cost of ownership there is still very high!
Discover Panama and enjoy the lifestyle you have been
dreaming of.
So, if you have ever seriously considered a great place to
retire to, a long term vacation spot or a fantastic foreign
investment then,
Panama is the place!!!
This is a MUST READ.
I have posted part of the article at the bottom of this page as I believe it
is so important to the area and Panama. I just received this today,
Saturday Oct 9.
If you have been thinking of Panama as an investment spot or want good
deals on our condominiums for your retirement home
--NOW IS THE TIME!
Read PANAMA LEADS LATIN AMERICA!
Sat, October 9, 2010 1:52:53 PM
The Panama Perspective

Panama Leads Latin America

on October 9, 2010 in News from Panama

GDP Outlook: Panama Leads Latin America



As reported by my friends at Latin Business Chronicle, “Panama will have Latin America’s highest economic
growth the next five years, according to a Latin Business Chronicle analysis of new forecasts from the
International Monetary Fund.”

“PANAMA: LATIN AMERICAN STAR  Panama’s economy will grow an average of 6.6 percent the next five years.
That’s better than their  previous

five-year analysis (for 2010-14), showing growth of 6.1 percent.  This year, Panama’s GDP is expected to grow
by 6.2 percent before picking up further to 6.7 percent next year, the IMF says. That compares with 2.4 percent
last year.”

Full story

See if you see a pattern here in the following announcements this week.  As I have said before, Panama City,
Capital of the Americas


Iberia launches non-stop Panama flights with 96% of seats taken

Don Winner at the Panama Guide reported in an article about the non-stop flights from Madrid to Panama City.  
This is a growing trend that is followed by KLM who has increased it direct flights to 5 per week  from one of
Europe’s largest hubs, Amsterdam.

The FINANCIAL — At 13:45 h today, Iberia takes off from Madrid on its maiden non-stop flight to Panama City,
with 96% of its seats taken. According to Iberia, the new non-stop route reduces travel time by four hours of the
Madrid – Panama leg, and signifies a nearly 55% increase in the Spanish airline’s total seat supply to Panama.
Panama City is a major business destination, and to accommodate business passengers in luxury, Iberia has
recently restyled and upgraded its Business Plus section, with seats that unfold into completely horizontal beds,
exquisite dining based on Mediterranean cuisine, a selection of the best Spanish wines, and a first-rate on-board
entertainment system. Iberia’s new non-stop flight to Panama are another indication of the airline’s commitment
to Central America.

KLM  starts daily flights to Panama

KLM will offer five weekly flights from Amsterdam to Panama, with onward connections to numerous destinations
in Latin America with its code-share partner Copa Airlines. The code-share cooperation between KLM and Copa
has recently been expanded with the addition of the KLM code on Copa flights to San Jose in Costa Rica and
San Pedro Sula and Tegucigalpa in Honduras.

Panama’s Copa Airlines increases its investment plan from $ 200M to $ 300M annually.

Copa Airlines HP1369CMP aircraft at Miami - International

The largest airline in Panama, Copa Holdings, raised its capital spending projected in 2011 and 2012 to $ 200
million and U.S. $ 300 million compared to the amount previously announced $ 150 million, said Wednesday
Chief Executive Peter Heilbron.  The company could announce new orders for Boeing jets, said Heilbron, and
fund these investments with loans from the Export-Import Bank of United States commercial banks in addition to
their own resources.  Copa Holdings, which controls the largest airline company in Panama and Colombia’s
second largest, has already ordered 23 Boeing 737 jets and 11 Embraer-190 jets made by Brazil’s Embraer.
The David Airport: Soon a gateway to the world



Closer to home I read a great article earlier this year in El Visitante about the expansion of our little airport in
Chiriqui which is going on big time now that the runway and terminal building are being expanded to handle
future direct flights from the US.  Investors take note, you saw this repeated time and time again when Costa
Rica added a few of these and the area boomed.

Expansion on David City’s Enrique Malek International Airport has started. Many of us living in Chiriquí
had heard the hype and rumors for many years now. For many expat residents and lifelong “Chiricanos”, the
attitude was ‘I will believe it when I see it.’ And it’s time to believe it, because work has started.

The first tangible evidence of this $27 million dollar airport expansion is on the old western taxiway. Crews have
just finished blacktopping two kilometers of what will be the new temporary runway. Aircraft will be diverted to
this runway so work can begin on lengthening and strengthening the existing runway. The existing runway is
2,100 meters long. The new runway will be 500 meters longer at 2,600 meters long.  Most likely aircraft landing
at David will be 737-300’s to 900’s. There have been many changes and improvements to the infrastructure
already to get to this point. The first problem was that the fire trucks were not up to ICAO standards, set by the
International Civil Aviation. Many of us have seen the fire trucks as we enter David Airport but they actually
belong to the City of David. The first of the new, bigger fire trucks was due to arrive the same day and the airport
fire chief was eagerly awaiting the arrival. Soon David airport will have a staff of 22 fire-fighters and three new
firetrucks.

The crowning glory of the new airport will be the new terminal building. The first set of plans had arrived just that
morning. There will be a large concourse with separate local and international entrances. There will be a modern
luggage carousel (I already here sighs of relief across Chiriquí) and Ricardo says the new concourse will be able
to handle up to 500 passengers at a time either arriving or leaving.
Other flying objects seen here in Panama
CONTACT US  
describe what changes or additions
you would like to see made to make
Villa Davina
your choice for your
tropical living.  
Your input is greatly appreciated!
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