Propertyshowrooms.com reveals Panama as the new major hot spot

May 24, 2008 Panama is one of the new property hotspots for international investors, according to Propertyshowrooms.com, one of the largest property web portals in the world. The company has unveiled its latest stunning development in Panama, as the country gears itself up to being one of the most attractive real estate areas in the world.

The new development, which is ideal for investors, consists of a 58 storey designer tower situated on a waterfront location in the prime business district of Panama City – the most in demand area of the metropolis.

“Panama offers a number of highly efficient tax exemptions and incentives, making it an excellent location in which to do business,” says Propertyshowrooms.com Operations Manager Gareth Milton.

He continues: “Investment in the real estate sector is at record levels in Panama, boosted by the fact that the government there is actively encouraging foreign investment. This requires only the best residential and commercial real estate and services to support the ongoing plan. Panama is now the fastest growing tourism market in Latin America.”

The new development, called Yoo Panama, consists of individual luxury properties benefitting from exclusive Philippe Starck interior designs, with accommodation ranging from one and two bedroom apartments, to one and two bedroom duplexes, and even three bedroom triplexes. 

Facilities include a roof-top garden terrace, a 300m² designer swimming pool, a luxury spa, full-time concierge staff, a business centre and multi-level covered parking.  

“Many of the properties within the development are already being snapped up by investors in the know,” says Gareth Milton. “As always in these cases, it’s best to act now to secure the best units in terms of short and long-term returns.”

Additionally, foreigners are guaranteed equal rights when it comes to business practice and investment. This is in line with Panama’s long-standing policy of providing a business arena that requires no special authorizations or permits prior to registration.

And for the most up to date information about property in Panama, investors can now join a free members’ service called the International Property Investment Network (IPIN) which can be found on the Propertyshowrooms.com website. It’s a service which keeps investors informed and abreast of the latest worldwide developments.