The expansion of the Panama Canal, the decline of the US dollar’s dominance against the euro and sterling, the development of some stunning real estate and the expansion and advancement of the business environment in Panama have resulted in Panama property boom and an international intensification of interest in living, retiring, working and investing in this central American nation.
As a result how could we ignore what’s going on in Panama? In our Panama property abroad showcase we are going to focus on Altos del Maria in Sora where you can land bank, buy completed stock, buy off plan property or develop your very own bespoke, dream property abroad.
The majority of media focus on the Panamanian real estate market is focused on condominium developments in Panama City itself. Many of these developments of course make for an interesting investment or even lifestyle choice for international buyers. After all, there is a rental market hot for newly developed, well located and attractive apartments – but there is also the risk that a glut of such real estate is coming to the market at the same time and that will have a short to medium term, negative impact on both yields and capital appreciation potential.
In addition to this, the natural focus that has centered on Panama City has resulted in a rapid growth in underlying prices for property stock that makes the destination slightly less attractive than others in the nation – which brings us neatly back to our Panama property abroad showcase development, Altos del Maria in Sora.
The first thing to note about this opportunity is that Sora is incredibly well located. It is a relatively small town in the mountains of Panama that affords residents exceptional views of the ocean, a stunning and year round temperate climate and which is within half an hour to forty minutes drive from golf courses, beaches, the sea and some of Panama’s hippest Pacific resorts.
The next thing to note is that Sora is a stand alone town with all the basic amenities, services and facilities that one could want. Furthermore, it and the Altos del Maria development are only sixty miles from the metropolis that is Panama City which is home to every conceivable service, shop, commodity and business!
In terms of the Altos del Maria opportunity – it is unique. Consisting of over 6,000 acres of land rich in indigenous flora and fauna, buyers have the chance to buy plots of land serviced by a superior road network as well as the essential services one requires in a modern home whilst benefiting from eventually owning a property within a protected and gated community which preserves the natural landscape and offers residents access to rivers, waterfalls, mountain and forest walks etc.
Backed by a company which has already established two other residential communities in Panama and which offers buyers of plots of land and property within Altos del Maria excellent finance terms, this particular development is ideal for those seeking a second home or home from home abroad, those who want to build a dream and bespoke home for retirement in a low tax, low cost nation and also for those who wish to buy land and/or develop property for eventual profitable resale. Check out the development company’s website for more information.