Tag Archives: Foreign Homes

Panama Attracts Foreign Buyers And Expats

If you have ever wondered what it would be like to live in a tropical paradise, all signs point to Panama. Panama has a lot more to offer than its tourist destinations, it has also become an excellent place for expats and retirees to live in as well as many working professionals and international immigrants.

Though it’s a small country, it’s covered with beautiful diverse landscapes with beautiful beaches, spectacular mountain ranges, tropical rainforests, as well as cities, islands, historical sites, and getaways. It has something for everyone even those who practice leisure activities such as golf, fishing, diving, and surfing.

Aside from its beauty it offers residents world class infrastructure as it has established itself as an international business and financial hotspot. Panama has also become a tax haven as it does not impose taxes on income earned from outside the country making it an ideal location for many foreigners and expats to live in.

It is no surprise that many people are looking at Panama for opportunities including the Paz Global Real Estate team. Paz Global is currently offering an incredible 14.8 hectare piece of land in the beautiful town of Boquete, Panama. Nestled into the lush mountains and panoramic views, this piece of land is in a great location with light and sewerage to the landside. It also has open views to Volcano Baru and the Caldera River. Boquete is near the Costa Rican border located in the Chiriqui Province and a close drive to the capital city of David. Boquete offers spectacular climate year round and fertile soil to produce a great agricultural bounty. It has a population of less than 20,000 people giving residents that small town atmosphere that many foreigners look for. This also opens the possibility of future growth. The land offered also offers possibilities for investors to fill this demand with room for a 66 home subdivision on a naturally rich environment.

For more information, reach out to Richard Paz at 305.349.3770

1950 S Ocean Dr # 22Q Hallandale 33009

$850,000

 

 

Stunning Direct Oceanfront 3 bed, +1 Den 2.5 Bath fully updated corner unit. Enjoy beautiful S/E exposure sun all day on Terrace! Hurricane proof windows and doors. Gorgeous upgrades with custom design in this pristine condition, turnkey furnished unit. Appointed in exquisite taste to offer that beach house feel. Laundry inside unit (rare), newer S.S appliances, Den can be a formal dining room/office, Amenities include 2 Gyms, b-ball court, 4 tennis courts & heated pools, boat slip available for rent.

Building Amenities

  • Bar
  • Basketball Courts
  • Bike/Jog Path
  • Billiard Room
  • Bbq/Picnic Area
  • Clubhouse-Clubroom
  • Community Room
  • Exercise Room
  • Pool
  • Private Beach Pavilion
  • Tennis

Equipment

  • Automatic Garage Door Opener
  • Dishwasher
  • Disposal
  • Dryer
  • Icemaker
  • Microwave
  • Electric Range
  • Refrigerator
  • Self Cleaning Oven
  • Washer

Exterior Features

  • Deck
  • Open Balcony
  • Tennis Court-Private

Interior Features

  • Built-Ins
  • Stack Bedroom

Miami the place where foreigners are buying real estate

In Miami Florida, foreigners are buying real estate.  Since the crisis in 2008  the real estate market has made a strong recovery  largely due to the purchasing power of international investors. Is well known that in Florida 25% of the buyers are international buyers. Unlike many other countries, the United States allows land sales to foreigners and provides almost equal opportunities as to actual citizens. At Paz Global we have a team trained to assist you in buying real estate in the Miami, Florida.

Miami foreigners buying

Who is buying in Miami?

Most of foreign purchases in Miami are by citizens of  South America and Canada, which have accounted for 62% of all international transactions. The reason these countries dominate is that they want to invest their money in a stable economy. Whether it is for investment, relocation or a purchase for a second vacation home.

What are international buyers looking for in Miami?

Foreigners in Miami look for: a long term investment, typically pay top dollar and are cash buyers, expect a good return and want detailed research from the best specialists. At Paz Global Real Estate we have a Certified International Property Specialist and a group of immigration lawyers that  will provide with the financial and market reassurance you need.

What do I need to consider prior to making a purchase in Miami?

Work with a Real Estate Agency that manages International Sales

This is the most important part of your project. Foreigners need to be in the hands of an agency with expertise that can lead all the negotiation. From finding the right property that fits their specific needs to managing their property so they can obtain the best return in your investment.

Financing

It is possible to obtain financing for a purchase for a foreign buyer. In Miami there are special loan programs available which typically require a larger down payment. This is due to the additional risk taken by the lender when the borrower’s assets are untouchable. We have mortgage bankers that specialize in these types of loan and available to help.

Closing

Often, foreign buyers are concerned about having to travel to negotiate and close real estate transaction. It could become quite costly and inconvenient. Fortunately, it is possible to provide ‘’power of attorney’’ to a trustworthy agent to make all the necessary arrangements and sign documents.

There are numerous other considerations one should consider as a foreign investor in Miami, but it’s entirely possible and relatively easy to purchase real estate in the US. For more information, feel free to visit our website at Paz Global Real Estate or give a call to Rebecca Schmitt our Certified International Property Specialist or Richard Paz the broker and Certified Residential Specialist at +1 305-466-2990.