{"id":9960,"date":"2024-01-25T04:33:56","date_gmt":"2024-01-25T04:33:56","guid":{"rendered":"https:\/\/www.frapan-invest.com\/?p=9960"},"modified":"2024-01-25T04:36:44","modified_gmt":"2024-01-25T04:36:44","slug":"existing-property-vs-new-build-real-estate-investment-in-panama","status":"publish","type":"post","link":"https:\/\/www.frapan-invest.com\/en\/existing-property-vs-new-build-real-estate-investment-in-panama\/","title":{"rendered":"Existing property vs. new build &#8211; it depends on what you want\u2026"},"content":{"rendered":"\n<p><strong>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.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Existing Property<\/h4>\n\n\n\n<p style=\"text-decoration:underline\">Advantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Teething troubles&#8221; 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.<\/li>\n\n\n\n<li>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.<\/li>\n<\/ul>\n\n\n\n<p style=\"text-decoration:underline\">Disadvantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Older equipment and technology: Existing properties may have outdated equipment and technology.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.<\/li>\n\n\n\n<li>Higher maintenance costs: As existing properties are already several years old, maintenance costs can be higher than for new builds.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">New building<\/h4>\n\n\n\n<p style=\"text-decoration:underline\">Advantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>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.<\/li>\n\n\n\n<li>Modern &#8220;lifestyle&#8221; concept: New builds are often designed with modern amenities and a contemporary living concept to meet the needs of today&#8217;s residents.<\/li>\n\n\n\n<li>Lower maintenance costs: As the building is new, there are usually lower maintenance costs as all materials and systems are still in optimum condition.<\/li>\n<\/ul>\n\n\n\n<p style=\"text-decoration:underline\">Disadvantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>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.<\/li>\n\n\n\n<li>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.<\/li>\n<\/ul>\n\n\n\n<p><strong>Conclusion<\/strong>: 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 &#8220;teething troubles&#8221; 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-cyan-blue-color has-alpha-channel-opacity has-vivid-cyan-blue-background-color has-background\"\/>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-cyan-blue-color has-alpha-channel-opacity has-vivid-cyan-blue-background-color has-background\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>FRAPAN-Invest<\/strong><\/h4>\n\n\n\n<p>Klaus Happ&#8217;s company &#8220;FRAPAN-Invest&#8221; advises investors who want to invest in <strong>real estate in Panama<\/strong>. Furthermore, Klaus Happ will be happy to advise you personally on the subject of \u201cPlan B in Panama\u201d.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"frapan-invest.com\/en\/our-offer\/\" style=\"border-radius:16px\">Our offer in Panama<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The real estate market in Panama is internationally one of the <a href=\"\/?page_id=2203\">most interesting<\/a> 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.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Profitable, safe and beautiful:<\/strong><br><em>Investments in Panama<\/em><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":3,"featured_media":9964,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[66,61],"tags":[110,107,100,79,86,92],"class_list":["post-9960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-immobilien","tag-investing-2","tag-investment-2","tag-panama-2","tag-panama","tag-real-estate","tag-real-estate-2"],"_links":{"self":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/9960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/comments?post=9960"}],"version-history":[{"count":6,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/9960\/revisions"}],"predecessor-version":[{"id":9970,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/9960\/revisions\/9970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/media\/9964"}],"wp:attachment":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/media?parent=9960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/categories?post=9960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/tags?post=9960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}