Making a Move for a Second Home - Panama Attracts Retirees, Investors

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As popular second-home venues become over-priced and over-populated, home buyers are looking at locations outside the U.S. that offer easy access, low cost living and retirement benefits. Developments like the Tucan Country Club & Resort, a new golf resort and community in Panama, which broke ground in 2004 and will include 424 residences, is generating interest among those looking for second homes in an exotic and safe location.

“Baby boomers, the largest generation in American history, are in their peak earning years. They are the ones buying second homes in record numbers,” commented Dinesh Vaswani, Executive Vice President and Director of Marketing for Tucan Country Club & Resort. “We’ve had strong response from both North America and Europe. The design and quality of construction of the homes we are building, along with Panama’s prices and incentives make it an easy buying decision.”

Each condo, villa and home at Tucan Country Club & Resort is designed with all the modern conveniences – tall ceilings, central air-conditioning, fast-access internet service and modern appliances are just a few of the features. The new championship golf course, scheduled to open in 2006, will feature a first-class club house with indoor and outdoor dining facilities, meeting rooms, activity rooms, ballroom, men’s and woman’s club rooms and bars.

Located minutes from Panama City over the Bridge of the Americas, the Tucan Country Club & Resort spans 180-acres and will encompass a 100-room hotel and 424 residences consisting of villas, town homes and condominiums. Home prices start at just $198,000 for a two-bedroom, 1,350 square foot condominium including membership in the golf course and country club. Additional conveniences will include a shopping center with banking facilities, laundry services, pharmacy, beauty salon, grocery store, travel and tourism agency, spa, tennis club and gymnasium.

With more than 20,000 Americans currently living in Panama, the country is fast becoming a popular destination for vacation and retirement purchases. Easily accessible from the U.S. with daily flights from more than eight gateways across North America, Panama’s U.S. style infrastructure and booming cosmopolitan city offer unsurpassed amenities including a low cost of living, bargain property deals and powerful tax incentives. The transition to Panama is extremely easy, with the U.S. dollar being the main currency and although Spanish is the official language, almost everyone speaks English.

About Tucan Country Club & Resort

Tucan Country Club & Resort is a 180-acre private gated golf community located 15 minutes from the capital, located between a tropical rain forest and the Panama Canal Zone. The development will include 424 residences (condominiums, town homes, villas), a boutique resort hotel and a championship golf course. For more information about Tucan Country Club & Resort visit http://www.tucancountryclub.com or call +507-211-1308/3472.

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Jane Watkins
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