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Author: Klaus Happ
Security for your family in uncertain times
In a world characterized by constant change and uncertainty, more and more people are looking for stable alternatives for their future. The desire for a Plan B has become a pressing concern in recent years. Panama has established itself as a promising option that not only offers year-round sunshine, but also security and prospects for the whole family.
Wave of emigration
In recent months, we have seen a significant increase in clients realizing their Plan B in Panama or even emigrating. Many of our clients have shared their reasons with us, ranging from the worrying geopolitical situation in Europe – particularly the Ukraine conflict – to uncertainties in the political landscape. We would like to share these motivations of our clients here.
Plan B includes investing in a property in Panama to obtain a residence permit in Panama for the whole family.
One of the main reasons for this decision is the impending escalation of the war in Ukraine with Russia, which could also affect neighboring countries and therefore Europe. The latest political decisions, which include an increased military presence in the region, are causing unease among many. Added to this is the uncertainty surrounding future political developments, such as the possible inauguration of Donald Trump in 2025, which is causing fears of an unstable future.
Advantages of a Plan B in Panama
1. Low minimum investment: you can invest in a property in Panama for as little as USD 200,000 to obtain a permanent residence permit in Panama. This low barrier to entry allows many families to consider this step.
2. Flexible residence permit: You are not obliged to live in Panama permanently. One visit every two years is sufficient to maintain your residence permit in Panama. This means that you can continue to live in your home country while retaining the option of security in Panama.
3. Strong currency: The US dollar as the national currency offers you additional financial stability. This security is a great advantage, especially in times of economic uncertainty.
4. Property management: We offer you comprehensive support in managing and renting out your property so that you can continue to benefit from your investment while you are away.
The simple visa process
Thanks to our experienced lawyers, applying for a visa in Panama is straightforward. We take care of all the necessary formalities so that you can concentrate on the essentials: protecting your family.
- Online opening of a bank account in Panama: approx. 2-3 weeks (in connection with a property purchase or visa process).
- Golden Investor Visa in Panama: The entire process takes about 45 days. Our lawyers will help you to prepare all the necessary documents in advance.
Property investments for your Plan B
With one click, you will find a wide selection of your investment opportunities in Panama that are ideal for your Plan B in Panama. Each property in Panama offers you a solid foundation to provide your family with security and stability in uncertain times.
Good German-speaking and international schools
Panama City, in particular, offers a selection of good international schools. This means that families with children can continue their offspring’s education abroad with a clear conscience and simplify the transition to a new life. You can find out more about this in my blog post “Emigrating with the whole family – how does it work with schools in Panama?“.
Conclusion
A Plan B in Panama is more than just an investment – it’s a way to provide your family with stability and security in an unpredictable world. Let’s work together to explore your options in Panama and secure your future.
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Emigrating with the whole family – how does it work with the schools in Panama?
Panama is a popular emigration destination not only for retirees, digital nomads and young people, but also for families with children. The economic situation in Germany, political decisions and the faltering infrastructure of the education system are among the main reasons for the decision to emigrate. More and more families are turning their backs on their home countries and want to start a new life in an attractive nation. Have you decided on a future abroad with your family and would like to put your Plan B into action? We are your ideal contact and companion for your new life in Panama.
Panama offers decisive advantages for your Plan B
Panama is one of the most economically successful countries in Central America and boasts a stable infrastructure. The country is constantly growing economically and offers you and your family a high quality of life. If you realize your Plan B in Panama, you and your children can expect breathtaking nature, miles of secluded sandy beaches, incredible biodiversity and a warm and sunny climate all year round. Of course, the tax benefits are also a huge plus and the legal regulations for immigrating to Panama allow you to plan your life freely and independently. Another advantage is the mentality and impressive hospitality of the Panamanians. Their smile and politeness open your heart and make immigrating to Panama a pleasure right from the start.
Education system in Panama – What you should know
When you immigrate to Panama with your family, you not only benefit from the many amenities and advantages that your destination country has to offer. Of course, you also want your children to feel at home and your start in a new country to be as easy and pleasant as possible. Education is an important factor alongside a social environment, new friends and a safe and beautiful home. It lays the foundation for your children’s future and is certainly a decisive criterion for you when choosing your emigration destination.
Panama has been working on developing its education system for several years. There are now many excellent international schools with a high standard of education, particularly in Panama City. In these schools, children are often taught in several languages, which can be decisive for their future career opportunities.
Most degrees are now internationally recognized. Panama City has numerous faculties for natural sciences and technology. Medicine, law and international business are recognized courses of study that are highly regarded in Panama and globally. Specialized universities also include colleges of agricultural sciences, social sciences, humanities and fine arts.
In Panama City and the surrounding regions, school attendance is free and compulsory for your children in public schools from the ages of 4 to 15. The first foundations for a successful start to school are already laid in the daycare centers. In so-called “clases”, the little ones learn their first colors, words and letters, a lot about traditions and the local nature in 25-minute sessions. There is no shortage of teachers in Panama City. The children are looked after in small, age-appropriate groups and taught lovingly and very creatively. In the city, groups with children of different nationalities and ethnicities are not uncommon, and your children will learn Spanish at an early age, which is very beneficial for settling in and makes immigrating to Panama easier.
When and how does school start in Panama?
Elementary school starts at the age of six. A normal school day begins at 8 am and ends at 3 pm. Depending on the school chosen, subjects such as mathematics, English, Spanish, natural sciences, social sciences, art and music are taught. As Panama is a very multicultural country, there are various offers and additional options such as ballet lessons, golf lessons, piano lessons and much more.
The school year usually starts at the beginning of March and ends in mid-December with the national summer vacation. You can decide individually which public or private school you would like to enrol your children in. Depending on the cultural background, there are different vacation days and in Panama there are even national holidays on which there are no lessons. International schools are essentially based on the usual vacations. However, there are also European schools in Panama that are also based on public vacations, vacations and days off, such as in Germany. You can find out about this locally or online.
One lesson lasts 60 minutes, a double lesson 2 hours. At the end of elementary school (Escuela Primera) after 6 years, you decide which secondary school your child should attend. In this way, you and your child can decide together what conditions they would like to create for a successful professional future.
One example of a reputable international school in Panama City is the “ISP”. Surrounded by several other schools, the foundations for an excellent and comprehensive education are laid here.
We set the course for your successful Plan B in Panama
Immigrating to Panama with children is not difficult. But the well-being of your family is of course your top priority, and this includes a smooth immigration process. This includes applying for a visa and finding a suitable property for your new home. Many people also need to find new sources of financial income so that they can cover their living costs. Choosing the right schools for your children is also important to make your move to Panama easier. You are welcome to clarify your questions in a qualified consultation with FRAPAN-Invest. We will be happy to provide you with all the important information on the following topics:
- Residence permits
- health insurance
- schools
- legal regulations
- lucrative investments
- Real estate in Panama
Our knowledge regarding those topics will ensure your successful new start in Panama. We are happy to provide you with a professional network of lawyers, VISA experts, brokers and consultants throughout the entire immigration process. Furthermore, we have been active for many years and are your experienced contact for visas and residency for emigrants – beyond the borders of Germany. Panama is the number 1 best country to immigrate to and the number 2 best real estate location in the world.
The most important visa types for Panama are:
- Friendly Nations Visa Panama
- Golden Investor Visa Panama
- Pensioner Visa Panama.
Leave nothing to chance when immigrating to Panama! Especially when making a new start with your family, no doubts or inconsistencies should overshadow your Plan B. Every important detail must be considered in advance so that no obstacles are placed in your way. This only works with a reputable and reliable partner at your side. We will guide you professionally through the entire bureaucratic process. We can also help you apply for your unrestricted residence permit in Panama. Benefit from our service and expertise and realize your dream of living in Panama with us!
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Exclusive new-build projects in Panama: Ipanema and Vervana – Your chance for top-class real estate in Panama
Panama is the most interesting country in Latin America for a Plan B outside Europe. Both for expatriates and investors. Two exclusive new construction projects in Panama called “Ipanema” and “Vervana” offer exceptional opportunities for investing in luxury real estate. In this article, you will learn all about these exclusive projects and how FRAPAN-Invest can provide you with comprehensive support when buying real estate in Panama.
Ipanema: Exclusive apartments right by the sea in Panama City
Exclusive new-build property in Panama City: Ipanema
The new construction project “Ipanema” comprises two top-class residential towers located directly on the seafront in Panama City. This exceptional property offers an attractive location for international executives and investors. The apartments in “Ipanema” range from 55 to 99 square meters and are ideal for long-term rentals. With prices starting from USD 280,000, including parking, “Ipanema” represents an excellent investment opportunity in Panama.
Top location for real estate investments in Panama City
“Ipanema” is located just 7 minutes from downtown Panama City via a marine highway and 15 minutes from Tocumen International Airport, without being disturbed by aircraft noise. Its close proximity to Costa del Este, one of Panama’s most modern neighborhoods, provides access to over 150 restaurants, banks, first-class schools and shopping centers. This central location increases the demand for real estate and ensures high profitability for investors in Panama.
Luxury features and amenities in Panama
The complex offers a variety of amenities, including pools, a gym, a wellness and yoga studio and a movie theater. As part of an exclusive gated community, residents benefit from additional sports facilities such as soccer, tennis and basketball courts. The spectacular views of the sea and the Panama City skyline complement the luxury and comfort of the apartments in “Ipanema”.
Flexible financing and residence permit
Construction of “Ipanema” is scheduled to start in mid-2025, with a construction period of around three years. The flexible payment structure allows buyers to pay 60% of the purchase price upon completion, providing financial flexibility. In addition, buyers have the option of applying for a residence permit for Panama, which creates additional incentives for investors.
Vervana: Sustainable Luxury on the Pacific Coast
Luxury resort and apartments on the Pacific coast in Panama: Vervana
“Vervana” is one of the most exclusive new construction projects in Panama and offers luxurious residential units in a tropical Pacific bay. With prices starting at USD 560,000, the project offers high-quality fittings and furniture included in the construction price. “Vervana” combines luxury with sustainability and respects the natural environment of the region, making it a unique opportunity to invest in sustainable luxury real estate in Panama.
Exclusive location in the tropical bay of Panama
The project extends over more than 20 hectares of tropical terrain with around 100 meters of beachfront. “Vervana” is located near the well-known Playa Venao, a popular surfing hotspot. The bay already offers a range of amenities such as small hotels, restaurants and supermarkets. Easy access from Panama City via a 35-minute flight to Pedasi, followed by a short shuttle ride, makes the resort easily accessible.
Luxury amenities and sustainable lifestyle
“Vervana” offers a range of luxury amenities, including a spa, a gym, a beach club with pools, sun decks and a beach bar. The project places great emphasis on respecting the tropical flora and fauna and offers its own freshwater springs and modern sewage facilities. The possibility of including the apartment in the rental program of the renowned Hamak-Hotels offers additional benefits for guests.
Flexible payment terms and exclusivity
Construction of “Vervana” is scheduled to start in the first quarter of 2025, with a three-year construction period. Buyers can benefit from a liquidity-friendly payment structure where 50% of the purchase price is only paid on completion. Early buyers can take advantage of special discounts as part of a discount package. We are one of only five real estate partners worldwide allowed to market this exclusive project.
Are you curious?
In short…
The exclusive new-build projects “Ipanema” and “Vervana” offer outstanding opportunities for investors and future owners in Panama. While “Ipanema” impresses with its location and luxury in Panama City, “Vervana” offers luxurious living in a tropical oasis. At FRAPAN-Invest, we pride ourselves on helping you buy real estate in Panama through our comprehensive service. Contact us today to learn more about our services and how we can assist you with your real estate venture in Panama. Our goal is to make your investment and relocation to Panama as easy and successful as possible.
How FRAPAN-Invest supports you in buying real estate in Panama
At FRAPAN-Invest, we offer comprehensive services to make the purchase of your luxury property in Panama as smooth as possible. Our expertise covers several areas:
1. Real estate consulting and brokerage in Panama
We help you find the ideal property, whether for investment purposes or as a home. Our team offers detailed advice and assists you in selecting the best properties, such as “Ipanema” and “Vervana”, that meet your needs and expectations. We specialize in exclusive properties in Panama City and along the Pacific Coast.
2. Support during the purchase process
We guide you through the entire buying process – from viewing the property to negotiating the contract and handling the legal formalities. Our aim is to make your real estate purchase in Panama as stress-free as possible.
3. Visa and emigration advice
FRAPAN-Invest offers comprehensive support in applying for residence permits and visas for Panama. We advise you on the best options and guide you through the entire application process. In addition, we support you in planning and organizing your relocation to Panama.
4. Management and maintenance of your property
After the purchase of your property, we offer management and maintenance services. We can also help you place your property in a professional rental program if you wish. Our goal is to maximize your investment in Panama and provide you with the best possible service.
For more information on the services offered by FRAPAN-Invest, please visit the following page:
Real estate market report for Panama 2023 / 2024
The real estate market in Panama remains an attractive destination for German real estate investors in 2024, as they seek interesting investment opportunities in Panama and a Plan B outside of Europe. Panama City offers a wide range of high-quality real estate investments that promise solid returns and long-term appreciation potential. In this real estate market report for Panama 2023/2024, we provide a detailed overview of the current developments and opportunities in the country’s real estate market.
If you are also interested in reports from previous years, please have a look here.
Economic Development and Infrastructure Projects
Despite global challenges, Panama continues to experience positive economic growth. According to estimates from the World Bank, the country will achieve a growth rate of 2.5% in 2024 and increase to 4.5% by 2026. In 2023, there was a GDP growth of 7.3%. The government continues to focus on important infrastructure projects, such as the construction of the fourth bridge over the Panama Canal and the expansion of the metro network, to improve the transportation situation in Panama City and facilitate access to different neighborhoods.
Attractiveness of the real estate market for foreign investors
More and more foreigners from the American and European continents are seeking a Plan B in Panama as they no longer feel completely comfortable in their home countries. As a result, properties in Panama City are often purchased to apply for residency in Panama. Given the geopolitical tensions and the looming escalation of the conflict between Ukraine and Russia, investors attach increased importance to personally liking the property, in case they decide to live in Panama in the future.
The real estate market in Panama is particularly shaped by foreign buyers, especially those with a purchase volume of around 500,000 USD, who see Panama as an attractive destination for real estate investments. This trend is based on several factors. Firstly, property prices in Panama are often more attractive than in their home countries, which is of interest to Canadian, American, and European buyers. Secondly, Panama offers greater security for investments and properties compared to many home countries, which is particularly attractive to South American buyers. Additionally, these investments are frequently used to apply for an investor visa.
Effects of mine closure and credit rating downgrade
The weeks-long protests associated with the mine closure in November 2023 unsettled many people and temporarily slowed down the real estate market in Panama. The uncertainties surrounding the mining industry led to a temporary slowdown in the market. However, the market has since normalized.
The downgrade of Panama’s creditworthiness by Fitch Ratings due to the closure of a significant copper mine last year could also have positive implications for the real estate market, particularly in terms of prices. Increased financing costs could potentially result in a reduction of new real estate projects and a smaller supply, leading to positive long-term effects on real estate prices in Panama.
Government elections on May 5th of 2024
As the government elections in Panama approach on May 5th, which take place every five years, the expectation is that there will be no major political shifts, as parties and candidates tend to position themselves more towards the center. However, it will be interesting to observe how the issue of the copper mine will be addressed in the future.
Market Trends
In recent months, there has been a increased focus on new construction properties rather than existing properties. The demand for new properties has risen significantly as many investors are seeking modern, high-quality properties with contemporary amenities. This trend reflects investors’ desire for contemporary living and working spaces. On the other hand, existing properties offer the advantage of completing the purchase within three months through our FastTrack process and knowing what one is getting. Additionally, obtaining residency permits can often be quicker with existing properties. Please refer to our report on Existing Properties vs. New Construction for more information.
Business-Friendly Climate
Panama is globally recognized as one of the most business-friendly countries and opens its doors to international companies. According to the US News & World Report, Panama ranks only behind a few countries such as Switzerland, Luxembourg, and Singapore in terms of business friendliness. The pleasant climate and financial benefits make Panama an attractive location for investors.
Tourism Marketing as the Key to Success
The Panamanian government has recognized that the tourism sector is a significant driver of economic growth and has initiated increased marketing efforts in this area. There is a particular emphasis on eco-tourism and cultural aspects, which have been overlooked in the past. Investors who wish to invest in properties that benefit from tourism should consider these emerging areas (Casco Viejo, Panama Canal, Beaches), as Airbnb rentals are permitted with a license.
Panama City – Exclusive Top Locations at Reasonable Prices
Panama City offers exclusive top locations at reasonable prices, making it an attractive destination for German real estate investors. The modern high-rises, enchanting old town of Casco Viejo, and the Panama Canal area provide a variety of investment opportunities. Each neighborhood has its own charm and allows investors to invest in an urban environment with excellent growth potential. Whether it’s high-quality high-rises in downtown or historic properties in Casco Viejo, Panama City offers a wide range of high-quality options. Our report on Investing in Top Locations in Panama City with a Limited Budget presents the neighborhoods in Panama City and highlights the most financially appealing real estate projects.
UNESCO Old Town Casco Viejo
The UNESCO World Heritage Site of Casco Viejo has evolved into a cultural and architectural gem. In 2022, the spectacular Hyatt Hotel and the beautiful Sofitel were opened, further enhancing the neighborhood’s image and luxury appeal. These renowned luxury hotel brands attract both tourists and real estate investors. Additionally, the connecting road to the new cruise port and exhibition center was completed in February 2024 and is a further step towards increasing the attractiveness of the real estate market in Casco Viejo. Investors can benefit from attractive UNESCO tax incentives, which include a 30-year exemption from property taxes and a 10-year exemption from income tax on rental income. Our modern apartments in Plaza Santa Ana come with these tax benefits, and the application for an Airbnb license is underway.
Airbnb at the Panama Canal
In an optimal location for Airbnb rentals, apartments ranging from 60 sqm to 106 sqm are being developed near the Panama Canal in Panama City. Prices start at USD 280,000. The prime location allows for short walks to the convention center and a 5-minute drive to the cruise terminal. Demand is high due to the unique location, design, and Airbnb rentals. Click here for more information on the Airbnb project at the Panama Canal.
Ocean Reef
The Ocean Reef project is considered one of the most successful projects in the history of Panama. The Ocean Reef Islands offer an exceptional location and quality that is unparalleled in Panama and throughout Latin America. Given that, demand for apartments in the most exclusive real estate project in Panama remains high, and the apartments will soon be sold out. In “The Palms” project, I have personally purchased an apartment, and I describe my reasons in this report.
Costa del Este and Santa Maria
The neighborhoods of Costa del Este and Santa Maria Golf and Country Club have established themselves as vibrant suburbs of Panama City. Both areas offer an attractive mix of high-quality residential properties and top-notch amenities. Costa del Este has the advantage of being the home to many multinational corporations, allowing residents to live near their workplace. This makes the neighborhood popular among tenants. Santa Maria is the most exclusive residential area in Panama City, offering a tranquil and green living environment within a 300-hectare gated community with an 18-hole golf course. Both neighborhoods are known for their high standards and extensive amenities.
Beach Areas on the Rise
Beaches near Panama City are becoming increasingly popular among travelers and investors. Panama has great potential to establish itself as an attractive travel destination, similar to Costa Rica. Projects such as Playa Caracol have already caught the attention of many investors. Further real estate developments are planned along the spectacular beaches in Panama, and we will report on them soon.
Conclusion of the Real estate market report for Panama
Panama continues to offer attractive opportunities for German real estate investors searching for interesting investment possibilities and a Plan B outside of Europe. The positive economic development, numerous high-quality real estate projects, various visa programs, and a business-friendly climate make Panama an appealing destination for capital investments.
Click on the button to find a good overview of the investment opportunities:
For more information on the current developments in Panama’s real estate market or for specific investment opportunities, please feel free to contact us.
You can also find many of the properties we currently have for sale in Panama on our YouTube channel in the form of informative videos.
What to look for when buying a property in Panama
If you decide to buy a property in Panama – whether as an investment or as a plan B – we would like to give you some advice.
Choose a good property manager in Panama who will take care of your needs and keep the tenant happy. A good property manager usually costs 10% of the monthly rent. We offer such property management in Panama City to our clients.
Seek assistance with the purchase process in order to keep an eye on possible incidental purchase costs in Panama from the beginning. Experience shows that it takes on average about 3 months from price agreement to registration in the land register – it is worth a lot to have someone with the necessary know-how at your side.
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Existing property vs. new build – it depends on what you want…
When deciding on a real estate investment in Panama, investors are faced with the choice between an existing property or a new build. Both options have their advantages and disadvantages that need to be considered. In this article, we would like to take a closer look at the advantages and disadvantages of both investment options and help you find the ideal property for your Plan B in Panama.
Existing Property
Advantages:
- “Teething troubles” are well known: An existing property already has a history, and any defects or problems may have already been rectified. This means you can be sure that you know exactly what you are getting.
- Fast visa application possible: For investors who want to apply for a residence permit in Panama, an existing property offers certain advantages. Once you are registered in the land registry (this process usually takes 2-3 months with our tried and tested process), you can start the application for the Friendly Nations Visa or the Golden Investor Visa straight away.
Disadvantages:
- Older equipment and technology: Existing properties may have outdated equipment and technology. Depending on the age of the property, additional costs may be incurred for upgrades and repairs.
- Higher maintenance costs: As existing properties are already several years old, maintenance costs can be higher than for new builds.
New building
Advantages:
- New materials and technology: A new-build property offers the advantage of up-to-date materials and modern technology. This can lead to higher energy efficiency and lower operating costs.
- Modern “lifestyle” concept: New builds are often designed with modern amenities and a contemporary living concept to meet the needs of today’s residents.
- Lower maintenance costs: As the building is new, there are usually lower maintenance costs as all materials and systems are still in optimum condition.
Disadvantages:
- Delays, developer risk, etc.: The construction of a property can be associated with delays and risks. Depending on the reliability of the developer and other factors, unforeseen problems may arise.
- Visa application during the construction phase only with Golden Investor Visa: If investors wish to apply for a residence permit during the construction phase, they must consider the Golden Investor Visa, as the Friendly Nations Visa is not possible in these cases.
Conclusion: The choice between an existing property and a new build depends on the individual preferences and needs of the investor. Existing properties offer the advantage of known “teething troubles” and a potentially faster visa application process, while new builds offer modern materials and technology as well as a contemporary living concept. When choosing the right property in Panama, it is important to weigh up all the pros and cons.
Our company has extensive experience and a professional network of specialists in Panama. We will be happy to assist you in deciding and selecting the right property in Panama. We offer individual advice and a customized all-round service tailored to the needs of our clients.
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Panama City: Investing in a top location on a budget
Panama City is an up-and-coming destination for real estate investors looking for exclusive prime locations at reasonable prices. The modern high-rise city, the charming UNESCO Old Town of Casco Viejo and the Panama Canal area all offer exciting investment opportunities that make it possible to invest in an urban environment with an excellent capital investment. In this article, we will take a closer look at the districts and present the most attractive real estate projects in Panama City starting from 150.000 USD. And each of the projects is suitable for applying for a residence permit in Panama.
The modern high-rise city as an attractive investment location for your Plan B in Panama:
In the modern high-rise city near Avenida Balboa and Costa del Este, you will find impressive skyscrapers and a first-class infrastructure. Tenants appreciate the proximity to the Pacific Ocean, metro stations and workplaces. The modern high-rises offer amenities such as gyms, pools, children’s playgrounds and concierge services. Buying a property in this part of the city promises an urban lifestyle, high-quality building amenities and ongoing rental income in US dollars.
With the Ipanema apartment development, two exclusive residential towers are being built in a prime location directly on the seafront in Panama City by one of Panama’s best property developers. Most of the major multinational corporations are located in the immediate vicinity, which should ensure high rental demand, especially from international executives. The 1-3 bedroom apartments start from 280,000 USD. You can find more information on the Ipanema project here.
The Armonia project offers the most favourable starting prices in the modern city. Here you have the opportunity to invest from as little as USD 150,000 in a top location with a renowned developer. Universities, hospitals, subway stations and a new supermarket are in the immediate vicinity. The Armonia project is an excellent capital investment that is interesting for both young investors and experienced real estate buyers. It certainly helps you to implement your Plan B in Panama. I bought an apartment here myself. Click here for more information on the Armonia project.
Casco Viejo, the UNESCO old town, as a historic investment location for a residence permit in Panama
The UNESCO old town of Casco Viejo offers a unique historical ambience with charming streets and restored buildings. Here you will find boutiques, cozy cafés and first-class restaurants. A property in Casco Viejo not only offers a touch of history, but also attractive potential returns when renting or reselling. In addition, the Airbnb rental option offers the opportunity to use the property temporarily yourself. As the supply of properties in Casco Viejo is limited due to its location, future price increases can be expected. Also worth noting are the tax breaks, such as no property tax for 30 years and no tax on rental income for 10 years. Click here for the report on positive development in Casco Viejo.
The Casa Antigua Domingo project offers the best value for money in the UNESCO Old Town for apartments between 300,000 and 500,000 USD. Available apartments directly on Plaza Santa Ana start at just over USD 400,000. These small, split-level apartments with 67 square meters are ideal for Air B’n’B rentals. There are 3 apartments still available as of July 2024. So act now to avoid missing out on this attractive investment opportunity. Click for more information about Casa Antigua.
Airbnb at the Panama Canal
In an exceptional location for Airbnb rentals, apartments ranging from 60 sqm to 106 sqm are being built in Panama City at the Panama Canal. Prices start at $280,000 USD. The prime location offers short walks to the convention center and just a 5-minute drive to the cruise terminal. These apartments are suitable for both personal use and Airbnb rentals. The purchase price includes full furnishings and a parking space. Payment terms are liquidity-friendly, with 70% due upon completion.
The renowned developer plans to commence construction in January 2025, with an estimated duration of three years. The project features social areas with an infinity pool, fitness studio, restaurant, and bar. Since February 2024, a new bridge provides a direct connection to the UNESCO-listed Casco Viejo historic district and downtown. Enjoy breathtaking views of the Panama Canal, the sea, and the islands. The serene location offers abundant recreational opportunities nearby. Experience the beauty of the Panama Canal while earning passive income through Airbnb rentals.
Conclusion
With a limited budget, it is possible to invest in prime locations in Panama City and implement your Plan B in Panama. The modern high-rise city, the Panama Canal, and the UNESCO-listed Casco Viejo historic district all offer attractive investment opportunities for real estate investors seeking residency in Panama and a backup plan in the country. Your decision on where to invest depends on personal preferences and requirements. The modern city offers an urban lifestyle and well-equipped buildings, while the historic district provides a unique historical ambiance and attractive return possibilities. These investments also allow you to apply for your residency permit in Panama.
Take the opportunity to invest in a top location on a budget and implement your Plan B in Panama! Find out more about real estate in Panama and the application for a residence permit in Panama.
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Political crisis: challenges and opportunities
Panama is currently experiencing a political crisis, which has been accompanied by demonstrations and road blockades for around three weeks. The population is angry about the rapid approval of a controversial mining contract with Minera Panama, a subsidiary of the Canadian company First Quantum Minerals. A broad alliance of groups, including trade unions, teachers’ associations and youth organizations, have called for nationwide demonstrations to protest against the contract and demand a ban on mining.
The protesters are criticizing the negative environmental impact of open-cast mining, as well as the unfair conditions and various one-sided advantages for the Canadian company.
The copper mine in Panama has been operational since 2019 and is one of the largest in the world.
It is an important part of Panama’s economy (4.8% of GDP) and a major employer (2.3% of total employment).
Meanwhile the opportunity is also used to draw attention to dissatisfaction with the current government in terms of corruption, slow action, etc. At the same time, the opposition parties and trade unions are fueling the mood to put pressure on the current government during the election campaign. Government elections will be held again in Panama in May next year (every 5 years).
The crisis offers the opportunity for a social debate on the sustainable economic development of the country. The government must seek dialog with interest groups in order to listen to their concerns and demands. Above all, they have to find solutions that guarantee economic opportunities as well as environmental protection and social prosperity. Likely, this will also have positive consequences for the future, as lessons will be learned from mistakes made. A new government will have to heed the voice of the people on these issues and act in their interests.
Panama has a history of overcoming challenges, otherwise it would not be the flagship country of the region and the headquarters of major multinational corporations in Latin America.
FRAPAN-Invest
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Positive development in Casco Viejo
The UNESCO Old Town Casco Viejo in Panama City has taken the next step in its development. In 2022, the spectacular Hyatt Hotel (Forbes report) and the beautiful Sofitel opened. These luxury brands and the planned connecting road to the new cruise port and exhibition centre will further stimulate the real estate market in Casco Viejo. Construction developments and lifestyle continue to push into the old town district of Santa Ana. “Regus”, one of the largest co-working companies in the world, plans to open its offices at Plaza Santa Ana in late 2023. This is also where Fashion Week took place in September 2023.
Since 2017, I have been searching for properties to invest in the Old Casco Viejo In Panama City, as I have always been convinced of the potential of the UNESCO Old City. However, this search has been difficult as many of the properties have a weak point (e.g. old, dark, damp, location, noisy, badly cut, etc).
Therefore, we decided to build a residential building according to our ideas and standards. Modern flats with a historic façade in a top location.
With our experienced local building partners we are constructing and selling 20 flats in the Casco Viejo (67 – 191sqm / 1-3 bedrooms) at the church square “Plaza Santa Ana”, which is one of the most beautiful squares in the old town. Selling prices from 280,000 USD. Including kitchen appliances, air conditioning, built-in wardrobes, double-glazed windows, etc.
Click on the link to find the project description of Casa Antigua Domingo.
From my point of view, the flats offer the best value for money for an investment between 280,000 USD – 780,000 USD in the entire UNESCO Old Town.
We are happy to send you floor plans, prices and availability.
UNESCO tax incentives:
– 30 years no property tax
– 10 years no income tax on rental income
The purchase of such a flat is suitable for applying for a residence permit in Panama. With the Golden Investor Visa for investments in construction projects, the visa can be obtained within 30 days (info link).
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama