8 Jul 2008

Panama as a Retirement Destination

Panama's economy is growing each year and most of that is a result of a large increase in tourism, construction and the expansion of the Panama Canal.
Panama has excellent weather, diverse ecosystem, breathtaking beaches, high standard of living and truly affordable real estate make it an ideal place to invest in and establish a second home
Because of the increased interest in Panama as a retirement destination over the past few years, analysts have predicted Panama as the next hot-spot for increased property value. Increases in tourism and Panama as a hot spot for trade and commerce will also lead to increasing tenancy rates and rental values.
The start of the extension work of the Panama Canal will further enhance the country’s economy, increasing a need for real estate in the area. Many investors are looking at taking advantage of the tax exemption law and cater for the increased demand for real estate.




Costa del Este, Panama City, 215sqm, 3 bedroom Apartments in Panama City.Price: € 224,225 Penthouses available.Architect: Arq. Edward McGrath, 60 units available
Parking spaces: 2 per apartment, extras available.
Apartamentos: 3 bedrooms with walk in closet and bathroom, den, visits bathroom, livingroom, diningroom, kitchen, balcony, laundryroom, service quarters, Internet ready.
Amenities: Pools, gym, sauna, green areas, hut, events hall, wireless Internet in social areas, 24/7 security, 3 high speed elevators, concierge.
Finishes: Modern high end.



Ocean Sky, Panama City, South America.147sqm, 1/2 bedroom Apartments Price: € 192,285

Ocean Sky will simply have no parallel. Located at the exclusive & privileged area of Coco del Mar in Panama City and with ocean views from all its units, this project is sure to capture the attention of international travellers looking for an exclusive place to live in Panama city with apartments ranging from 135 m2 (1,453 ft2) to 142 m2 (1,529 ft2), with one bedroom, small office or studio and a balcony overlooking the pacific ocean.

This project will have the option for fully equipped appliances as well as the option for property management. Pre-Sale to begin soon.