In the steamy South Americas, much is being made of Brazil and its samba infused, sun soaked property market which continues to go from strength to strength. But neighbouring Panama, the so-called crossroads of the world, is quietly entrancing thousands of would be investors with its considerable charms.
Small in statue but mighty in terms of natural beauty, the entire country is only ten times the size of Devon but manages to pack in to its 78,000 sq km volcanoes, mountain ranges, coastlines lapped by two oceans, lush rainforests and miles of golden beaches.
The cost of living is enticingly low with the government going as far as marketing property in Panama as a perfect retirement solution. Two years ago, they offered retirees from all around the world amazing benefits packages including substantial discounts on accommodation, health care and state utility bills in order to encourage foreign immigration.
As one of the most stable nations in Latin America, Panama has historically enjoyed close ties with the USA, leading to a well developed infrastructure and English speaking doctors. Familiar brand names and US franchises also abound, bringing a welcome reminder of home to this tiny pacific paradise.
Property prices in Panama are rising at a respectable rate, making it a sure bet for investors wanting to re-sell or rent out their purchases. The varied inland and accessible coastal regions mean property owners are spoilt for choice when it comes to deciding on a location.
Panama City is a modern metropolis, stuffed to bursting with breathtaking mansions, lavish casinos and bustling department stores. But when the urban sprawl gets too overpowering, the rainforest is just ten minutes away and the country’s three national parks within easy reach.
City living comes significantly cheaper than asking prices in American and much of Europe. A three bedroom condo in the Dupont Towers costs around £150,000. And in Panama, you get a lot for your money – restricted to three condos per floor, every apartment in the Dupont building benefits from ocean views, panoramic floor to ceiling windows, spacious terraces and ceramic flooring.
The ultimate in self indulgence, the Megapolis project on Balboa Avenue offers privately owned apartments with all the benefits of a hotel. Showing the South Americas can do luxury pampering just as well as its northerly neighbours, Megapolis investors have the option of a condo hotel package, ensuring apartment rental when the residence is not in use, a hotel room only purchase with revenues for unit rental or an included apartment option for all the benefits of hotel living in a privately owned apartment. And the cost for full-time access to valet parking, hotel concierge, room service, golf facilities and an onsite spa? Just £75,000.
Neighbouring the Megapolis development, the spectacular H20 Tower At The Ocean takes luxury living a stage further. Located on the bay front, close to the colonial city of Casco Viejo and within easy reach of the cosmopolitan city centre, the H20 building is set to make full use of its ultra desireable address on Panama’s most sought-after avenue. With 35 stories and 135 luxurious residences, the spectacular Tower At The Ocean comes complete with superlative views and cutting edge, contemporary living. Prices start at around £90,000.
For more information about investment property in Panama, visit http://www.davidstanleyredfern.com
David Stanley Redfern is the director of David Stanley Redfern Ltd, an overseas property specialist. David works closely with developers in more than forty countries and oversees the David Stanley Redfern Ltd. education programme which lectures individuals and organisations on property investment. David Stanley Redfern Ltd is AIPP accredited.
:http://eu-realestate.blogspot.com/
http://hot-us-real-estate.blogspot.com/
http://hot-uk-real-estate.blogspot.com/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment