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Panama Guide

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Saturday, August 30 2014 @ 10:30 AM EDT

Panama property could offer spectacular growth

Real Estate Hot - Latin American Panama enjoyed a property boom from 2006 to mid-2008, but things have been quiet in the last six months. However, in the long term Panama is to the US what Spain is to the UK, so it should always have appeal. Examples of ongoing construction are the Trump Ocean Club, a “condo” tower development by Donald Trump, and the Canal Expansion Project, which should provide a massive boost to the Panamanian property market and overall economy. It is due for completion in five years. Despite the economic slowdown Panama’s annualised growth for first quarter 2008 was 6.9 per cent. However, that was down on the figure for 2007 which was 11.2 per cent. (more)

Between mid-2006 and mid-2008 property prices in Panama City were up by an amazing 48 per cent, and there are expectations that similar growth can be seen again, especially on off-plan developments. There are not many investments that can boast such growth.

The off-plan condo development at Bala Beach is alongside one of Panama’s best beaches – Maria Chiquita Beach. One bedroom apartments on the development start from only £55,500.

The first phase of development here includes two 11-storey buildings around a central pool, and closed to the beach.

The development will combine top class facilities with superb natural surroundings. Amenities will include tennis courts, health club and spa, swimming pools, beach volleyball and basketball courts, and a 24-hour concierge.

If you’re looking for an interesting overseas development with great growth potential, then developments in Panama could offer you more than most.

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