The report, which highlights the most sought-after destinations for luxury real estate, has identified several key locations that are attracting the attention of affluent buyers.
The Rise of Luxury Real Estate in the Post-Pandemic World
The COVID-19 pandemic has had a profound impact on the global economy, leading to a significant shift in consumer behavior and preferences. As the world slowly recovers from the pandemic, the luxury real estate market is experiencing a surge in demand. The Agency’s Red Paper report has identified several key locations that are attracting the attention of high-net-worth property shoppers.
Top Destinations for Luxury Real Estate
The Panama Canal, a major shipping route, has also attracted international businesses and entrepreneurs.
The Allure of Panama City
Panama City, the capital of Panama, has become a magnet for expats and international investors seeking a tax-friendly haven. The city’s strategic location, favorable business climate, and modern infrastructure have made it an attractive destination for those looking to relocate or invest in a new market.
A Haven for Tax-Friendly Living
Panama City offers a unique blend of modern amenities and tax benefits that make it an attractive destination for expats and international investors. The country’s tax laws are designed to attract foreign investment, with a range of incentives and exemptions available for individuals and businesses. No Capital Gains Tax: Panama does not impose capital gains tax on foreign-sourced income, making it an attractive destination for investors.
Mexico City is one of the most populous cities in the world, with over 21 million people. The population growth is attributed to the city’s economic and cultural attractions.
The Federal Reserve dropped interest rates this week by a quarter percent, and next year’s housing forecasts have predicted that home prices in the U.S. will continue to climb, albeit at a slower rate than in years past, while existing home sales will generally remain sluggish and mortgage rates will likely hover above 6 percent.
