You don’t need to be a Bond fan to appreciate some of the highlights of the latest Bond blockbuster, Quantum of Solace which hits the movie theatres today! Forget the action scenes and think spectacular backdrops, Bond movies are renowned for being an international odyssey of the worlds sexiest global hotspots. Bond’s mission is a veritable tour of some of the hottest overseas property buyers’ destinations from classic favourites Austria & Italy to a myriad of South American vacation resorts coming to a travel agent near you soon! Check out the world ...

Small (about the size of Scotland) but perfectly formed, Panama is continually ranked amongst the top five places in the world to retire to, largely thanks to its warm climate, postcard-worthy beaches and pensionado (retiree) program which is beyond generous. And, with the US dollar as legal tender, Panama got even more appealing for Brits, canoe enthusiasts or otherwise, whose pennies now stretch a whole lot further.

Latin America is hot! As the summer holiday season approaches, a recent report by Expedia has short listed a number of tourist hot spots in emerging destinations for this coming summer season. While the old favourites of Paris, London and Paris remain popular with American travellers, it seems that we are entering a new era for tourism in South America, a positive sign for overseas investors into this region.

Los Altos de San Carlos are now offering every new contract signed prior to June 15th, 2008, a Guaranteed Leaseback Income of £3,500 per annum to each purchaser of a one bedroom apartment and £4,500 to each purchaser of a two bedroom apartment. 50% of this Guaranteed Leaseback Income will be paid in advance at closing, and the other 50% will be deposited into the owner account held by the Management company to be released monthly thereafter.

As the so called set-jetting trend continues, we hear that that James Bond (aka 007) has checked into Panama City, Panama. The Bristol Hotel recently played host to a range of Bond cast members who were on location filming scenes for the up and coming James Bond movie, Quantum of Solace. The choice of location has again highlighted the beauty and the potential of property in Panama, a country which has been on the radar of many property investors for some time.

With apartments in Los Altos de San Carlos priced from just £79,000, it is clear why this brand new opportunity to invest in Panama is attracting the attention of Panama’s key group of property buyers, expat retirees and real estate investors also keen to reap a share of Panama’s growing tourism revenues. Nubricks has negotiated a discount of £10,000 when you reserve an apartment in Los Altos de San Carlos. 

As the potentially lucrative South American property market continues to grow, we are seeing more and more competition for the attention of overseas property investors.  Panama is the latest of the expanding South American countries to see the potential for attracting external investors with the government recently announcing an extension of their property tax exemption laws on both new and old property transactions.  In effect all building permits issued before the 31st December 2009 will have a 20 year exemption, but what exactly does this mean?