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Category: Real Estate
Beachfront properties in Panama: your access to Paradise and a safe Plan B
Panama, known for its stunning beaches and tropical beauty, offers a variety of opportunities for investors looking for beachfront real estate. Buying real estate in Panama not only gives you a retreat in paradise, but also the option to apply for a residence permit for your entire family. In this article, we present four exclusive beach projects that offer you the perfect opportunity to implement a plan B outside of Europe.
Playa Bonita
Playa Bonita is located just 20 minutes from Panama City in a picturesque bay. Here you can purchase exclusive apartments from around USD 360,000. The project offers an exceptional infrastructure with a clubhouse, fitness studios, pools and restaurants. The new metro line and bridge over the Panama Canal will massively enhance this region. The apartments are fully furnished and offer spectacular views, so you can enjoy life on the beach and the proximity to the city.
Playa Caracol
Playa Caracol is only 90 minutes from Panama City and is developing into Panama’s largest beach community. Around 500 apartments have been built so far. Here you will find the Surfside Club with a Radisson Hotel, restaurants, bars and a wellness area. Prices start from around USD 250,000. Enjoy a wide range of water sports facilities and the high rentability of your property via Airbnb, supported by local management. This location is ideal for buyers looking to both relax and make a lucrative investment.
Pearl Islands
Just a 15-minute flight from Panama City, you can reach the beautiful Pearl Islands. This luxury residential and hotel project offers exclusive apartments from around USD 1 million. With 14 beaches, its own marina and numerous leisure activities such as whale watching and water sports, this project is a real highlight. The excellent infrastructure and idyllic location make it an ideal investment opportunity with a direct link to a residence permit for your family.
Vervana
Vervana is located in a quiet, tropical bay near the famous Playa Venao, which is known for its surfing opportunities. This luxury resort with sustainable construction is operated by the renowned Hamak hotel group. Prices for the luxury residential units start at around USD 535,000. The apartments can be used for personal use or for rent, with comprehensive hotel services available. Payment with cryptocurrencies is also possible here, which offers additional flexibility. This is a great option for investors looking for a residence permit for the whole family.
Invest in Beachfront Real Estate in Panama
Panama not only offers beautiful beaches and an ideal climate, but also excellent investment opportunities through the purchase of beachfront properties. By buying a property, you can not only invest in a capital asset, but also apply for a residence permit for your family.
Learn more about using crypto for real estate purchases in Panama.
Take the opportunity to invest in one of the most beautiful regions in the world and create a plan B outside Europe. Contact us for more information about our offers and customized advice.
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
CRYPTOS for Real Estate Purchases
The acquisition of real estate in Panama with cryptocurrencies is now possible. Last week, I was able to arrange with nearly all of our partner developers that our clients can now invest directly in cryptos in Panama. Given the current high levels of cryptocurrencies, this is the perfect time to convert digital assets into hard assets and create a secure Plan B in Panama for the family.
In times of crisis, it is more important than ever to establish a solid foundation. Purchasing a property in Panama not only offers stability and security but also provides the opportunity to apply directly for a residence permit in Panama, such as the Golden Investor Visa.
Benefits of Buying Real Estate with Cryptocurrencies:
- Utilize current high values
- Convert digital assets into real estate
- Realize visas with cryptocurrencies
- Secure your Plan B for the family
- Wide selection of real estate projects
- Fast transaction methods
Purchase Process with Crypto in Panama:
- German-speaking partner lawyers will guide you competently through the purchase process
- Payment in USDT (Tether) through the appropriate network to the developer
- Conversion to USD is done with the developer
- Transaction costs of 1.5% – 3% for the conversion, depending on the project
- Coordination of the transaction directly with the developer
- Some developers also accept Bitcoin (BTC) and Ethereum (ETH)
- On request, support for opening your own crypto-friendly account
- Legal verification of the buyer and the origin of the cryptocurrencies
If you are interested in the various real estate projects where you can pay with cryptocurrencies, we look forward to your message via the contact form.
Discover the opportunities that the combination of real estate investments and cryptocurrencies in Panama offers you, and realize your Plan B in Panama.
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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
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.
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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
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
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
Why I bought in Armonia
Panama is a country that in recent years has become a popular choice for investors looking for a “Plan B” or to make an interesting capital investment. I too, as an experienced real estate consultant in Panama investor, decided to invest in the Armonia real estate project. In this article, I would like to describe my motives and support potential investors in their decision.
Top location & size
When I was introduced to the Armonia project, I was excited by its prime location, right near the popular Avenida Balboa. This location is known for its proximity to stores, restaurants, recreational activities, as well as its impressive skyscrapers. Armonia’s apartments are also designed to be small but efficient. This appealed to me because it’s an ideal solution for singles or couples looking for a second home or in need of a Plan B. In particular, the apartments also rent well to professionals from the U.S. companies located nearby.
New & modern
Another important point for me was that Armonia is a brand-new project and has a modern concept. Since the coronavirus has changed the way we work and live, it was important to invest in a property that responds to these changes. The Armonia project is designed to meet modern demands and provide a proper lifestyle.
Top developer
As an investor, it was very important for me to work with an experienced and reputable developer. Armonia is being developed by Grupo Los Pueblos, one of the best developers in Panama. I have been working with the founder and CEO of GLP for years. They have developed numerous large projects such as the Ocean Reef Islands and have an excellent reputation in the industry. Accordingly, I have great confidence in their ability to successfully deliver the Armonia project.
6% p.a. Interest rate & payment structure
Armonia’s payment structure is designed to be liquidity-friendly for investors and offers an attractive return. After signing the contract, 10% is due. Thereafter, further payments of 2.5% each are made at intervals of 3, 6, 9, 12, 18 and 24 months. Upon completion, 75% of the purchase price is due. Down payments in excess of 25% earn interest at 6% per annum until completion. Accrued interest is applied to the final purchase price. The offer of the interest rate mentioned here is valid for current purchases, but can of course change. Therefore, please contact me directly.
Rent
Rents in good used and larger apartments are currently around 15 USD per sqm in Panama City. Smaller and new apartments in an excellently designed building like Armonia I estimate at 18-20 USD per sqm.
Conclusion
Armonia is a promising opportunity for investors who are looking for a Plan B in Panama or who want to make an interesting capital investment. A brand-new project in a prime location, financially attractive and developed by an experienced developer – these advantages convinced me as an investor. Investors should seriously consider the project, it offers an excellent opportunity to invest in a property in Panama.
FRAPAN-Invest is the representative of the Armonia project in German-speaking Europe. We are your competent contact and will be happy to provide you with floor plans and price lists to help you with your investment decision.
We will be happy to accompany you with our experience in the purchase process 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