Portfolio: Purchase or Restoration in the UNESCO Old Town
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Purchase or restoration in the UNESCO old town

Purchase or restoration in the UNESCO old town

  • Casco Viejo is both the old town and trendy area of Panama City.
  • On the peninsula there are about 850 colonial buildings listed as a UNESCO world heritage site.
  • Investors and the government have been redeveloping these buildings for some years now.
  • Popular residential area for those who want to enjoy the charm of an old town.

Purchase or restoration in the UNESCO old town

  • Around 50% have already been restored or are currently under restoration.
  • Popular hotels, bars and restaurants surround the presidential palace, museums and galleries.
  • There is a special tax relief due to its heritage site status.

Purchase or restoration in the UNESCO old town

  • A lasting investment since the supply is limited, unique and non-expandable.
  • A stable investment with appreciation potential.
  • Prices even increased during the financial crisis of 2008/2009.
  • Here in the old town we have already made investments and renovated and managed properties. This gives us experience in this beautiful district.

Purchase or restoration in the UNESCO old town

  • Click on the link to find a very interesting offer of modern appartments in the old town of Panama City, which will be completed in 2023. These will start at around 4,000 USD per sqm.
  • In my view, these modern appartments in Casco Viejo offer the best price-performance ratio between 280,000 USD – 500,000 USD.
  • Comparable projects in the Old Town to be built in 2022 / 2023 are between 4,500 – 7,500 USD per sqm, depending on location and quality.
  • As an alternative to buying apartments directly, we offer investors the opportunity to buy and restore their own historical colonial building. With the help of experienced restorers in the old town, such a ruin with a view of the sea and the skyline will be rebuilt according to your wishes. Afterwards you can use them yourself or rent them out.
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