Panama Real Estate
Posted by admin | Real Estate | Posted on February 18th, 2009
Panama City, with nearly one million inhabitants, is a “first world” urban center in the midst of a boom in construction. The skyline of Panama City, with its projected 250 skyscraper office towers and condos, is beginning to resemble the heart of Manhattan or Singapore. High-class restaurants, first class hotels and fast food is here for all tastes and pockets. Entertainment is varied, the latest movies, concerts with local and foreign artists of all genres, every kind of sporting event – baseball is arguably the most popular sport and a number of Panamanian players are found in U.S. top clubs in the league. Mention Mariano Rivera and New York Yankees and become friends right away! Shopping options range from local markets to multi-million dollar super commercial and luxury goods. The Amador Causeway has a number of great restaurants, yacht clubs and a duty-free shop is also a great place for cycling, jogging or walking with the sea breeze and a great view of the stunning Bridge of the Americas. Panama City even has a rainforest within the city limits.
Many residential neighborhoods in the outskirts of Panama City. Beautiful condo with fantastic sea views are available in price ranges for all budgets. Many have the use of a pool, spa, gym and children’s play areas. The most beautiful towers of condominiums as “Megapolis” and “Yacht Club” will be built in Balboa Avenue, right on the sea. Beneath Balboa Avenue, is an area of high class condominiums called Marbella overlooking the Bay of Panama, close to cinema, restaurants and shops. Marbella is a coastal residential and commercial area called Obarrio with trendy restaurants, clothing stores and upscale shops. This is an area for the embassy. Along with Marbella is a luxurious residential area of Punta Paitilla call. This is a very dense high-rise condos, even by the standards of the City of New York or Singapore. Punta Pacifica Paitilla andalusia hand, is a new area where there are the ultra luxury condominiums sprouting from the earth with an average of 1000 units in the 4,000 square meters. This is where the ultra modern buildings, such as Dupont and Oceanaire towers will be built. You may be impressed by this, but remember that the size, quality and convenience of these properties often equates to a property with a value of 4 to 15 times that amount in the U.S..
In most areas in Panama City, you can still find apartments around $ 150000.00, as the W tower, but be sure to visit the place before you buy, as in all big cities, some areas have advantages or disadvantages that are not immediately obvious to a newcomer. See our Panama real estate for current listings or contact our office in Panama City for the real estate advisory and we will gladly help you find the right property for their new life. The district of “San Francisco” is more “middle class” and offers an outstanding value of housing. This district is perhaps 2-3 miles from downtown and is much calmer. A new three-bedroom condominium with say 1500 square feet, with a small sea view, could be bought here, in the range of $ 150000-250,00 as CaboMarzo. This area has a wonderful park for walking and jogging. Bella Vista is hosting some wonderful projects such as Bella Bella Mar South and North in March. El Dorado is another high quality residential, commercial and shopping area near the center with relatively more expensive homes and condominiums.
As you can imagine, there are many others around the quality of residential districts and near the city of Panama. A US-style development called the East Coast has hundreds of homes and condos at Sea $ 300,000 to $ 950,000 range. Located just outside the city, en route to Tocumen International Airport.
There are also many exclusive residential areas of the former Panama Canal Zone that again in 2000. Many events closed with excellent houses and lots are available at Clayton, Ancon, Albrook, Cardenas and many of them with 2,000 square meters of land. Figure on spending at least $ 250,000 and beyond a single family home in a quarter acre lot and plan for some updates and repairs. Several projects facing the sea and overlooking the city is being built on the Amador Causeway at the Pacific located at the entrance to the Panama Canal. One such project is “Las Brisas”. This is considered a “hot zone fashion.” It has cooling breezes throughout the year, a great view of the city, first class restaurants, marinas, bike, clubs, etc.
A gem is often overlooked in Panama City is Casco Viejo. Do not be that many buildings are in poor condition, look closely and you will see many remnants of French and Spanish colonial architecture, some properties are rescued and have become restaurants, bars, studios and small hotels in an area that could well become another New York City Soho. The Presidential Palace and the National Theater are located here, as well as a monument to the French who made the first attempt to build a canal. Purchase and restoration of properties in this area receive incentives from the government in the form of tax rebates and mortgage. Even the rental expense is tax deductible. In a few years, this could be one of the most wanted of the city. From apartments to palaces, the possibilities are limitless.