The Ocean Reef real estate project in Panama City was the most successful real estate project in Panama even before the Corona crisis. Currently, buyers on the islands are offered, among other things, guaranteed USD rental income in Panama of 6% p.a. net. One of our clients has bought the beautiful penthouse and only a few apartments are still available.
The corona situation in Panama has now caused real estate buyers and tenants to become more interested in the islands near the city in recent weeks, as they feel more comfortable here than in the city center. After the USD has lost 10% in value against the Euro, luxury apartments can be bought for around 630,000 Euros.
Current offers (from the developer; not binding)
6% Interest on down payments
6% p.a. guaranteed net rental income
for the first two years (three years in some cases)
Here you can find more about the Ocean Reef Islands in Panama City (link).
If you are interested, I will gladly send you the price list and further information.
With the help of the German company Bauer the two artificial islands “Ocean Reef” were created, which are connected to Panama City by a private road. The two islands are connected by a marina with 170 jetties, the first 40 of which were inaugurated in January 2020.
According to the law, from now on it is no longer possible in Panama to create more artificial islands for private use or resale. This makes Ocean Reef unique!
Klaus Happ’s real estate company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama and also administers these properties. In addition, Klaus supports companies that want to become entrepreneurially active in Panama.
The real estate market in Panama is internationally one of the most interesting locations for real estate investments and we would like to be your local representative and take care of your real estate in Panama on a sustainable basis.
Profitable, safe and beautiful:
Investments in Panama