Panama is a paradise for investors looking to purchase profitable properties. The most advantageous investments are in the capital, Panama City. The city is renowned for the Panama Canal, its banking sector, and skyscrapers that stand alongside historic colonial-era buildings. The city is growing and evolving, with villas and complexes under construction. This is why the Panamanian government is actively attracting investors to invest in real estate. It's not without reason. Real estate is one of the main drivers of the economy, impacting infrastructure and tourism significantly.
Investing in properties in Panama City is a viable option for those looking to make wise use of their capital. Real estate here consistently yields investors 7-8% annual returns.
Which apartments are being purchased more frequently now? The President of ACOBIR (Panamanian Association of Real Estate Brokers) notes that investors are more inclined to invest in properties ranging from 60 to 80 square meters with 1 or 2 bedrooms. The building should also include co-working spaces, fitness centers, pools, lounges, and cinemas.
In Panama City, there is a wide range of real estate available. However, investors are interested in knowing which areas of the capital are the most promising. Here is a brief overview of three prospective places.
Punta Pacífica Panamá
One of the exclusive areas in Panama City. It is built on an artificial island surrounded by the Pacific Ocean. Urban views, a convenient location, and proximity to the water make this area an attractive place to invest in real estate. Rentals in Punta Pacifica start from $1,200 per month.
The area is popular among tourists and boasts many hotels, including Casa Areka, JW Marriott Panama, Residence Inn by Marriott Panama City, and more. Additionally, in Punta Pacifica, you'll find the Trump International Hotel & Tower Panama. This hotel is considered the tallest in Central America, with one of its towers designed in the shape of a giant sail. The hotel is also known for its casino, catering to casino enthusiasts, and features two separate gaming establishments.
Punta Pacifica is not just about urban skyscrapers, casinos, and views of the Pacific Ocean. The area is suitable for those who care about their health. Punta Pacifica is home to a hospital that is a partner of the renowned Johns Hopkins Medicine International.
Near Punta Pacifica is 'Multiplaza.' Here, you can find items from Louis Vuitton, Chanel, Gucci, Michael Kors, and more luxury brands.
One of the main attractions in Punta Pacifica is the Bio Diversidad Museum. It's truly remarkable, offering visitors the opportunity to learn about Panama's rich biodiversity and natural heritage.
If you enjoy an active lifestyle, you should definitely visit Costa Del Este Park. Here, you can take in beautiful views of the ocean and the city, as well as go cycling or take a stroll along picturesque trails.
Santa-Maria
The district is located just a few minutes away from the center of Panama City and Costa del Este. Distrito de Santa María is a gated community close to the Tocumen International Airport - Aeropuerto Internacional de Tocumen.
Santa María is synonymous with luxury, and it is reflected in every aspect, from the Marriott Starwood hotel to the golf courses. With 18 holes spread across 284 hectares, it becomes a delightful place for a game in the company of friends or business partners.
Rental prices in the area start at $1,200, and it's justified as Santa María offers exceptional living conditions. All residents have access to professional tennis courts, pools, fitness centers, and children's playgrounds.
The area is safe. Security in Santa María is maintained by highly qualified security staff, video surveillance, and alarm systems.
Well-being includes not only home security but also access to high-quality medical care. In Santa María, there are premium-class hospitals available, and the community boasts several clinics equipped with state-of-the-art facilities.
The district aims for social cohesion among its residents. Neighbors communicate, make friends, participate in book clubs, and organize parties.
In addition to entertainment, the area offers a rich intellectual life. Santa María is home to the prestigious 'Santa María la Antigua' University, where undergraduate and graduate students study business, social sciences, arts, and more. The university provides a conducive environment for learning.
Santa María presents a unique opportunity to capitalize on the growing demand for high-quality real estate in the continually expanding capital. Its strong emphasis on safety, exclusivity, and top-notch amenities makes the community an attractive destination for locals, expatriates, and retirees!
Casco Antiguo
In 2018, Forbes named Casco one of the top 10 neighborhoods in the world. It dates back to the 17th century, and its authentic architecture has survived to the present day. Casco is separated from the center of Panama City by a highway, making it feel like a small island of history in the midst of an urban metropolis.
Rental prices in the area start at $800.
Casco Antiguo is known for its rich cultural heritage. It boasts numerous landmarks, including squares, religious monuments, and more. Travelers from around the world come here to see the Church of San Francisco de Asis, Bolivar Square, Plaza de Armas with its Catholic church, the Panama Canal Museum, and others.
An undeniable advantage of this location is the abundance of pedestrian zones. Since the district was developed before the advent of automobiles, everything in Casco Antiguo is designed for leisurely strolls. Along the way, you can stop at cafes, restaurants, pubs, or sit on a veranda with live music.
Casco also has many souvenir shops where you can purchase postcards, magnets, straw hats, and hammocks.
Thanks to its stable economy, developed infrastructure, and growing tourism, Panama is attracting more and more foreign investors. The choice of the investment area depends on preferences, goals, and tourist attractiveness. But regardless of the area, real estate investments in Panama promise good prospects for price growth and profit.
