Panama has experienced spectacular growth and development in the real estate sector over recent years, gaining worldwide appeal due to various preferential investment factors. Tax incentives have held strong appeal for both investment and re-location buyers, along with the extensive growth potential from ever increasing demand.
As more buyers flocked to take advantage of Panama’s ideal real estate investment opportunities, the appeal of all the regions the country has to offer became increasingly apparent. The discovery that Panama features a wealth of regional attractions besides the concrete jungle of luxury city centre living widened the appeal of the country’s real estate market attraction.
Alongside personal preferences, the end result of the intended investment should be taken into account when deciding upon the ideal location for a property purchase. While a secluded mountain or island retreat may appeal as a dream holiday getaway, if striving for the highest rental yield returns and fast capital appreciation, properties in these preferred areas may not provide the expected returns.
Panama City is one of the first images of the country’s real estate sector for those who are new to the market. For city living amidst a cosmopolitan business environment, Panama City certainly does offer an extensive variety of opportunities. Upmarket, modern and spacious apartments are available at comparably lower prices in comparison to the city’s established market counterparts. Divided into various neighbourhoods, Panama City offers variety from quaint to ultra modern, with something for all preferences.
Panama City’s skyscrapers have provided a trademark image to the country’s real estate market, with world renowned names such as the Trump Towers further increasing potential investor interest. The international business environment offering taxation advantages to investors has assisted in creating a unique metropolis surrounded by beaches, mountains, islands and the famous Panama Canal.
Panama offers extensive coastlines creating ideal resort style regions for holiday makers and buy-to-let investors. While the city centre attracts large numbers of holiday makers, the coastal resort towns such as Bocas del Toro are based predominantly on beach tourism. Although not as famous on a worldwide scale in comparison to many other Central and South American coastal resort regions, growing numbers of visitors are discovering the wonders of the nation.
The coastal resorts enable a feeling of a tropical beach getaway, all within a short distance of surrounding mountain, rainforest and city centre excursions. Year round temperatures provide 12 month rental seasons, furthering yield potential for buy-to-let investors. The growing demand for competitively priced properties in comparison to Panama City’s sky scrapers, continue to keep the gains potentials at strong growth rates.
Many prospective investors considering Panama’s property market are unaware of the hundreds of islands the country has to offer. Accessible by boat or short flight, Panama’s tropical islands feature relaxed beach resorts with the most famous being the San Blas Islands. Visitors to Panama’s island destinations will find varied styles to suit most preferences, from rustic designs with basic amenities to modern eco resorts. Panama offers the possibility of acquiring the prefect Caribbean island dream home.
As a complete contrast to the tropical heat and sky scrapers of Panama City, the mountain ranges offer more than simply a dramatic backdrop to the coastal areas. The refreshing mountain air, stunning scenery and cool weather assist in drawing attraction to Panama’s mountain villages. Properties are competitively priced compared with the coastal regions and continue to increase in value as the mountain regions grow in popularity and accessibility. The attraction of mountain living has lead to increased development of sought after properties.