Panama City, Panama (PRWEB)
June 1, 2007 - Ocean Legacy

(www.panamavacationrealestate.com), a real estate company dedicated to the growth of Panama's Peninsula, is pleased to announce that Panama has become the top Central American destination for North American retirees seeking a quality lifestyle at a fraction of the cost. According to a recent NPR broadcast, "An increasing number of retiring 'Baby Boomers' are moving to Central America in search of inexpensive property and easy living in a tropical paradise...Panama...(is) now home to thousands of American retirees

With over 10,000 planned homes under construction, 60 master planned communities and over 100 high rise buildings in construction or approved for construction, Panama is in the stages of its largest real estate market growth in the history of the country

In the 1980´s Costa Rica was an unpopular outpost, known only to backpackers. But as result of Govt. efforts and major structural changes to the country to improve its tourism market, the country changed forever. Now, Costa Rica is expensive and no longer a bargain or "buyers" market. A house in San Jose that was purchased in 1987 for $25,000 now goes for $200,000. It only takes common sense to see what the future holds for Panama

The town of Pedasi in Panama is on the Azuero Peninsula. It is a small coastal fishing village nestled on green rolling hills that resemble the Tuscan region of Italy. The coastal roads of Pedasi wind around beautiful cliffs where you can see tide pools, beaches and a traditional Spanish hacienda every so often. The dramatic shores and the fame it has for its virgin fishing grounds have brought a select crowd of investors to this small fishing village, among them an extensive Hollywood crowd that have purchased land and houses in Pedasi

"It's not every day that you have the chance to buy a piece of oceanfront land on a picturesque landscape with a rich ecosystem and phenomenal fishing grounds for 50% less than the bank evaluation," said Rod Robertson, Principal in Briggs Capital, (www.briggscapital.com) a Boston based investment bank. "Our clients have made significant returns in short periods of time on their land investments in Panama, Ocean Legacy has made purchasing land in Pedasi an easy, safe, seamless process and of course highly lucrative."

Contact:

Brian Piantadosi
General Manager
www.panamavacationrealestate.com
www.pedasifishing.com
www.panamafishing.net
Tel: 507-6750-3461