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'Panama is a great expatriate opportunity'

A property expert has suggested that buying a home in Panama would be an exciting opportunity for any potential expatriate.

Liam Bailey, the chief market analyst for Property Abroad, said that the situation in the global property market is not as bad as it could have been so there are still plenty of chances for people to move abroad to become an expatriate.

"There are still many opportunities to secure guaranteed rental yields of between six and ten per cent per year for between the first two and three years of the investment, far higher than the annual interest of any bank at the moment," he said.

Mr Bailey suggested that those looking at somewhere new to invest should look at Panama, which is extremely popular with American retirees.

"Panama’s economy is proving resilient against the current situation, and should see another boom when the canal expansion is completed," he said.

A one bedroom apartment in Bala Beach could set a buyer back just £44,000, well below the prices of many European properties.

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