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New Panama Development Towers Over Its Competitors
Propertyshowrooms.com reveals a unique real estate investment opportunity in the heart of Panama City.
It’s a prestigious tower development called Colores de Bella Vista situated in an upmarket area of Panama City, consisting of a mixture of modern apartments and state-of-the-art retail units. Spread across 35 floors, there are 300 studio sized units in total, including 300 underground parking spaces, a business centre, a communal swimming pool, and 24 hour security.
The project is being promoted by the International Property Investment Network (IPIN) the investment arm of Propertyshowrooms.com, and according to IPIN’s head of investment acquisition Gareth Milton, it’s an opportunity that’s just that little bit different from all the rest.
“Bella Vista is a quality district in a high demand part of the city,” says Gareth. “Therefore demand for rentals will be high, along with rental yields, which are predicted to be up to an impressive 15% per annum.”
And as always it’s all about location, as Gareth explains: “The district of Bella Vista is an elegant part of the city, which sits just a block behind Avenida Balboa, the city’s main waterfront street and most popular location, home to corporate centres and many leisure activities. And that’s driving demand for rentals, future growth as a prime city centre location, and a good projected resale market.”
But it’s not just the location that is helping to boost Panama’s real estate market, the government itself has for a while now realised the financial potential of foreign investment in what is a modern, vibrant, cosmopolitan, and very international city. Gareth Milton again:
“Panama City is now the world’s second largest banking centre, behind only Switzerland, and there are many tax incentives on offer from the government to encourage business activity and real estate ownership. There’s never been a better time to buy.”
Unit prices start from as little as 91,700 US dollars, with 10% down as a deposit, and finance available up to 75% loan to purchase. Early investors also have the option to combine purchased units to create one, two, or three bedroom habitations – a great benefit for future resale.
Transport too is excellent, with direct flights to Panama’s Tocumen international airport from North America, Latin America, and Europe (including London Heathrow). Bella Vista is only ten minutes drive from the airport. Additionally, Panama City is the only city in Central America that can boast three airports, and is also well connected by the Inter-American Highway.
In all, Colores de Bella Vista literally towers over similar developments in Panama City both in terms of capital growth potential and projected rental yields, and is already creating quite a stir among those in the know. IPIN’s Gareth Milton:
“This is an investment opportunity which really stands out from the crowd. It definitely hits the right criteria for those looking to invest in a booming location such as Panama City.”
About Propertyshowrooms.com: Propertyshowrooms.com is the leading web resource for worldwide real estate, for homebuyers and property investors alike.
The company works in partnership with the International Property Investment Network (IPIN). IPIN is a free service, which provides its members with a choice of only the most outstanding international property developments.
All IPIN properties have undergone a rigorous and painstaking selection programme, which ensures the best investor potential and that all legal safeguards are in place.
About the Author
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