Panama property investment set to soar in 2008
Overseas Property News - Panama
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Panama is stirring quite a sensation amidst property investors from around the world and is set to become one of the most opportune locations of 2008. So what makes Panama such a great opportunity? Overseas property investment specialists DSR are just one of the companies keeping a keen eye on Panama and its future development. MD David Redfern explained what the fuss is all about.
"The most enticing factors are the commonplace estimates that over the next 3 to 5 years Panamas prime and as yet affordable property will double in value. Combined with its unrestricted foreign ownership and straightforward purchase processes, it's certainly appealing. Panama boasts living costs of just 25% of those in the UK, enticing tax incentives for potential investors, a secure and established infrastructure and massive unrealized tourism potential. Panama's a coastal country situated between the popular Caribbean and Pacific oceans and has stunning palm trees and beaches to finish, everything you could want from a holiday destination in that part of the world. And then there's the ambitious expansion of Panama Canal which will undoubtedly attract higher levels of global trade and profile-raising traffic. Panama hosts great potential for both financial and recreational investment indeed."
Using DSRs Panamanian property as an example of what can be bought, it's clear to see how investors are practically overwhelmed with the many options and benefits offered therein. Aside from the availability of mortgages and rental management companies to see over your investment in your absence, these properties offer so much more.
The widely revered Best Western Condo Hotel & Casino hosts 1 bed apartments which can be reserved for 30 days with a down-payment of £500. Available from just £32k, these 4 Star units in the ideally situated city of David offer possible 18%+ yields. It's noteworthy too that the extensive hotel amenities include a casino, 7th floor sport bar/ restaurant, a fitness gym, executive lounge and both junior and master suites too. Panama surely does hold great appeal amidst its competitors, so here's to Panama and what will surely be a rewarding 2008 for all who invest there.
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