Furthermore, is the time you spare with testing, compilation problems, etc!What it could take you 1 hour with C++, you dont need more than 10minutes with Python...
It has some problems though! Since it is interpreted it will never be as fast and performant as directly compiled code! Moreover, the lack of type definition can generate some unexpected problems during execution! For that I have a trick...I just put a letter in lower case before the variable to indicate the type to myself (s for string, i for integer, t for tuple, d for dictionaries, o for objects and so forth)
If you want to see more, check the python website:
The code tends to be clean and readable.
(This applies to ruby as well).