Author: Klaus Happ

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  • Older equipment and technology: Existing properties may have outdated equipment and technology.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. He offers advice on all aspects of living 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. Both the modern high-rise city and the charming UNESCO old town of Casco Viejo in Panama City 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 both districts. Furthermore, we present the most attractively priced real estate project in an exclusive location in Panama City.

The modern city with Avenida Balboa as an attractive investment location for your Plan B in Panama:

In the modern high-rise city near Avenida Balboa, 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.

We recommend the Armonia new-build project as the most attractively priced real estate project in an exclusive location 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 300,000. These small, split-level apartments with 67 square meters are ideal for Air B’n’B rentals. There are 7 apartments still available as of November 2023. So act now to avoid missing out on this attractive investment opportunity. Click for more information about Casa Antigua.

Conclusion

In Panama City it is possible to invest in a top location on a budget and implement your Plan B in this fascinating country. Both the modern high-rise city and the UNESCO old town of Casco Viejo offer attractive investment opportunities for German real estate investors looking for a residence permit in Panama and a Plan B abroad. The decision as to which location to invest in depends on personal preferences and requirements. The modern city offers an urban lifestyle and first-class buildings. While the old town offers a unique historical ambience and attractive yield opportunities.

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. He offers advice on all aspects of living 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. He offers advice on all aspects of living 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

Positive development in Casejo Viejo
Casejo Viejo

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. He offers advice on all aspects of living 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

The Ultimate Guide to Your Plan B in Panama

Everything about real estate, residence permit and bank account in Panama!

Dreaming of a fresh start in Panama but don’t know where to begin? Don’t worry, we have the answers for you! Our exclusive guide “5 Steps to Plan B in Panama” will help you achieve your dream of living in Panama.

In our guide, you will learn how to successfully invest in Panama and achieve your financial independence. It is the perfect tool to build your Plan B and put your future plans into action.

Discover the Guide to Your Plan B in Panama – Now available for free.

Get our brand-new guide “The 5 Steps to Plan B in Panama” now. Simply write us an e-mail through the contact form with the subject “Free Guide to your Plan B in Panama” and we will send you the link for a free download. Please ensure to provide us with your full name!

Live your dream in Panama – We are the market leader in German-speaking Europe for “Visa & Invest” in Panama and accompany you on the way to your successful Plan B!


FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living 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 on Ocean Reef

As an international real estate investor looking for a Plan B in Panama or a capital investment, the exclusive real estate project “The Palms” on Ocean Reef is an excellent choice. I myself have purchased on Ocean Reef and would like to share my motivations for buying to help you in your purchase decision. These are my motivations for buying an apartment on Ocean Reef.

The following video gives a first impression of this special construction project.

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Uniqueness

The Ocean Reef Islands are the most exclusive and beautiful real estate project in Panama and unique in Latin America. The supply is inherently limited by the “island” location of the project and no third island may be built. This uniqueness naturally has a major impact on the current and future price trends of Ocean Reef real estate.

Sold out soon

Apartment sales are moving quickly. “The Palms” is the last project of this kind on Ocean Reef because there are no more large lots that could be developed. Prices are rising, and I was eager to secure an apartment on Ocean Reef for my family in this unique project for the future. As an investment and plan B.

147 sqm apartments

The 147 sqm apartments offer the most affordable entry to Ocean Reef. They are efficiently sized, each with two bedrooms and parking spaces, and are flooded with light from the glazed living room and bedrooms. The apartment is large enough for a family. Four apartments of this model are still available as of June 2023 and I bought one of these.

Location & Beach Feeling

The location by the sea with morning sun and the beach feeling provides tranquility in the middle of the metropolis. There is a large pool area with a beach club that provides relaxation. It is not too hot in the afternoon and the beach feeling can also be enjoyed in the center of Panama. We feel very comfortable here.

Rentability

The apartments at Ocean Reef Islands are very attractive to potential tenants because of the exclusive design, uniqueness and limited number of residential buildings. Since this is the most beautiful and exclusive project in Panama and almost everyone would like to live there, high rental demand is expected.

Top developer

Grupo Los Pueblos is a visionary developer that has been active since 1985. It has developed more than 5 million square feet and is responsible for the development of the 25th largest mall in the world, Albrook Mall, among other projects. I have worked with the founder and CEO of GLP for years. They have developed numerous large projects and have an excellent reputation in the industry. Accordingly, I have great confidence in their ability to successfully deliver “The Palms.”

6% p.a. interest rate & payment structure

The payment structure preserves liquidity. 20% is payable upon signing of the contract and a further 30% gradually during the construction phase. Finally, 50% is payable upon completion. Down payments via the regular payment plan receive an interest rate of 6% p.a. until completion. Accrued interest will be applied to the final purchase price. The offer of the interest rate mentioned here is valid for current purchases, but of course it can change. Therefore, please contact me directly.

Conclusion

In summary, investing in an apartment at Ocean Reef is a unique opportunity for international real estate investors. With an exclusive, unique and limited offer, a fantastic oceanfront location, a top developer and an efficient payment structure, it is a very interesting investment.

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. He offers advice on all aspects of living 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

Closing Costs in Panama

What additional costs should you expect when buying a property in Panama? With our report we would like to give you an overview of the costs when buying a property in Panama. In addition, we show you the ongoing monthly costs.

Closing Costs in Panama:

What are the incidental costs of buying real estate in Panama? We would like to give you a brief overview of the costs involved in buying real estate in Panama.

  • As a rule, the legal, notary and land registry costs in Panama together are approx. 5.000 USD (calculated for a 400.000 USD property / depending on property value).
  • The buyer usually pays the notary and land registry costs in Panama. The lawyer’s fees are borne by each party.
  • There is NO land acquisition and inheritance tax in Panama.
  • Any broker’s commission (usually 3-5%) is paid by the seller.
  • For the purchase of a property in Panama it is advisable to apply for a payment cheque at your bank in Panama in order to handle the transfer of ownership in a legally secure and risk-free way. The fee for a payment cheque is 0.25% – 1% depending on the bank.
  • The buyer does not pay taxes when buying a property in Panama.
  • The seller pays a sales tax of 2% and a capital gain tax of 10% (on the profit). Click here for more information on taxes in Panama.

Running costs of a property in Panama:

What running costs should you expect for an apartment in Panama City? We give you an overview.

  • In every tower building in Panama City there is a property management company that takes care of the day-to-day running of the building (building insurance, concierge, pool, lift, cleaning, gym, etc.). For this, you pay a monthly property management fee of usually 1.50 – 2.00 USD per sqm per month.
  • A rental management company that takes care of your flat and your tenant usually costs 10% of the monthly rent. Click here for more information about our property management in Panama.
  • Insurance for an apartment in Panama costs about 0.1% p.a. of the purchase value. In the old town Casco Viejo approx. 0.2% p.a.
  • Property tax in Panama depends on various factors (old town vs. new town, year of construction, use, etc). Often, real estate in Panama is exempt from property tax. For an insight, see taxes in Panama.
  • If you are looking for a tenant in Panama, the agent receives one month’s rent as a commission for the successful brokerage.

We are 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. He offers advice on all aspects of living 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 Report
for Panama City 2022 / 2023

Our annual report on real estate in Panama is a guide for anyone interested in purchasing residential property in Panama, whether as an investment or a home. Are you looking for a Plan B in Panama or a high-yield investment opportunity? As real estate experts in Panama who have been helping clients find the perfect properties for many years, we present below our real estate market report for Panama City and the Coronado Beach area 2022 / 2023.

If you are also interested in the reports from previous years, feel free to check them out here.

In 2022, some normality has returned, the borders of most countries are now open without restrictions and people are travelling abroad more. However, in addition to the aftermath of travel restrictions due to Covid, there have also been economic problems on a global scale. A weakened euro, rising interest rates, high inflation and steadily increasing energy prices have unsettled many people in Europe or even prompted them to find an (additional) residence outside the EU. Likewise, European and especially German politics have suffered a high loss of confidence and many citizens are starting to think of a plan B. A popular destination country – for both private individuals and companies – is Panama.

Price development of real estate in Panama 2022

The year 2022 has seen a steady growing trend for housing demand in Panama City and surrounding areas. With occupancy rates of 90% in prime locations in Panama City, the city by the sea is now enjoying great popularity. One of the consequences of this is that more and more investors are putting capital into rental properties. The luxury segment is seeing rising prices and both private sellers and developers are less willing to engage in price negotiations. Rental prices in Panama City are also rising again, as the demand for housing, especially in Panama City’s prime locations, is high.

In particular, Panama’s stable economic situation and the USD as the national currency have attracted many interested parties for private property, but also multinational companies, which house employees in the surrounding residential towers. Unlike many other nations, Panama’s economy grew again by about 9% in 2022, with another 5% growth forecast for 2023.

More and more people have a Plan B in Panama

Visa options in Panama have also contributed to Panama’s growing popularity. The investment amount of at least USD 300,000 for a residence permit in Panama in the form of the Golden Investor Visa has been maintained, contrary to the government’s original plans.

Especially for investors who have capital freely available, the real estate market in Panama is very interesting. However, should you consider taking out a loan, be prepared for a difficult banking process and high interest rates of 7% – 8%. An option to buy a property with less equity at the beginning could be to invest in new construction projects in Panama City like Armonia or Oceana. Because here you pay the purchase sum over the construction progress. More information on this can be found below.

Panama invests in tourism

The government of Panama is planning to greatly expand the tourism sector in the coming years and is focusing especially on attracting Europeans to the country. The focus is on ecotourism and luxury travel; an increased flight offer covering more routes will attract a variety of new target groups. In addition, many international tourists are arriving at the new cruise terminal in Panama City.

Forecast for the real estate market in Panama for 2023

While demand in the North American and European real estate markets has declined in the past year, Panama continues to enjoy an increasing number of prospective buyers from abroad. This is due to the much more favourable purchase and construction prices, the USD and the country’s geopolitical situation. In addition, the political situation in some South American countries has become more uncertain, which increases Panama’s relative attractiveness. There are many new and very attractive construction projects in Panama, mostly in the luxury segment, which are usually sold during the construction phase or before.

Also, more and more multinational companies are settling in Panama City, leading to the creation of more jobs and rental demand.

The increased demand for rental flats in Panama City means that there are currently only 5-10% vacancies in prime locations. 

Interesting construction projects in Panama City and the surrounding area

From our point of view, the prime locations in Panama City are the old town Casco Viejo, Avenida Balboa, Punta Pacifica and Costa del Este. In addition, of course, the Ocean Reef Islands (cover photo), which occupy a special position and on which we will report.

immobilien-panama-city-frapan-invest

In Costa del Este there is still a very high demand for rentals due to the many large corporations that often have their headquarters here. Avenida Balboa is also very popular with tenants because of its prime location in the first row on the Pacific. It offers many jobs as well as nightlife and leisure opportunities in the immediate vicinity. The good buildings in Punta Pacificas are also in high demand due to their quiet and exclusive residential location. Rental prices in Panama City in the locations and qualities mentioned are currently around 14-16 USD per square metre.

Generally, 2-bedroom flats continue to experience the highest rental demand in Panama City, as the second bedroom can be used individually as a home office, guest room, etc. The “Wanders & Yoo” flats are also in high demand.

Wanders & Yoo” – The special home 

wanders-yoo-investieren-immobilien-panama Real Estate Report for Panama City

The “Wanders & Yoo” is a very promising building project, which is a very interesting investment now that Tower 1 has been completed. The quality of the construction as well as the great location in Bella Vista, one of the most popular districts of Panama City, will create an enormous demand for rentals.

Both residential towers were designed by the internationally renowned designer Marcel Wanders and are characterised by a lively and special interior. Of course, the residents of the 2- and 3-bedroom flats have access to a swimming pool on a roof terrace, various social areas, a spa with sauna and a fitness gym.

Currently, one of the residential towers is already in the final phase of construction. Although a large number of the flats have already been sold, there are still exciting opportunities. The price per square metre is around US$3,500.

frapan-invest-avenida-balboa-panama-city

Other high-end construction projects in Panama City are the apartment complexes Armonia” in Bella Vista and “Oceana” in Santa Maria. Both are located in prime locations within the modern city and are being built by one of Panama’s most renowned developers.

Construction on both residences is scheduled to begin in the first half of 2023 and the purchase price will be staggered based on the progress of construction. Due to the lower purchase prices in the Armonia project, it is also possible to buy in 1A location with a lower budget.

For more detailed information you can follow the respective links or contact us directly. We will be happy to assist you and guide you through the entire purchase process.

The Ocean Reef Islands – Pure Luxury in the Middle of Panama City

ocean-reef-real-estate-immobilien-panama-Real Estate Report for Panama City

In addition, for the first time there are resales on the Ocean Reef Islands, i.e. flats that have already been completed and are now being resold for first-time occupancy.

Here we can offer two great flats directly at the marina:

The Ocean Reef Islands in the middle of Panama City are particularly noteworthy for their unique location and quality. You will not find a comparable project in all of Latin America. Buyers are international and many investors buy repeatedly on Ocean Reef because they are satisfied with their previous investments. Over the past two years, sales prices have steadily increased and are currently around USD 6,000 per square metre. Since there are only a few available building plots left and no more island may be created, prices will probably continue to rise.

Casa Antigua Domingo – From “old” to “new

The UNESCO old town of Casco Viejo is attracting more and more investors and offers a special charm with its historic facades and old streets. About 40% of the flats currently being built in our construction project “Casa Antigua Domingo” have been sold or reserved. Comparable projects on site, which are currently being built, range between 4,500 – 7,500 USD per sqm, depending on location and quality. We start at 4,100 USD per sqm including air conditioning, kitchen appliances and built-in wardrobes. The cheapest flat costs approximately 290,000 USD. From our point of view, the apartments offer the best value for money for an investment between 250,000 USD – 750,000 USD in the entire UNESCO Old Town. More details about the construction project at Plaza Santa Ana can be found here. By the way, buying one of the properties is suitable for applying for a residence permit in Panama!

casco-viejo-kapitalanlage-old town-panama-Real Estate Report for Panama City

Both the Hyatt Hotel and Sofitel have opened in close proximity and the government’s increasing investment in tourism is drawing more and more travellers to the Old City. Investment in Panama’s Old Town is rewarded with the following tax incentives:

  • 30 years no property tax
  • 10 years no income tax on rental income

Beach properties near Panama City are in vogue

Properties in the beach area of Coronado continue to be popular. Due to the proximity to Panama City and the good infrastructure, the area is a popular destination for renters, holidaymakers and buyers. The advantage is that AirBnB rentals are allowed here, unlike in Panama City, which allows one to use the property partly oneself while it produces additional income. Panama is currently experiencing a strong recovery of the tourism sector, which is positive for the entire real estate market in Panama. This is because many tourists in the past have experienced the uniqueness of Panama during their holidays and have subsequently become interested in buying real estate. The strong tourist recovery can be seen and felt in Panama. Furthermore, Panama’s airline “Copa Airlines” has been able to increase its turnover. The capital’s airport has also reached pre-Corona flight numbers again in 2022; Terminal 2 has opened.

Real Estate Report for Panama City

On one of Panama’s longest sandy beaches, in Punta Chame, a new beach community has been developing for several years. The place is a popular destination for windsurfers and the coast offers breathtaking views of the sea. Many Panama City residents head to the town, about an hour’s drive away, for the weekend to relax and enjoy their water sports. In the newest apartment complex in the Playa Caracol beach project, there are flats for sale with 2 and 3 bedrooms and a size of 70 – 90 sqm. These are suitable as your own holiday home, but also as an investment.

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. He offers advice on all aspects of living 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

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