0 bedroom Apartment/Flat for sale

m2 | 0 bedrooms | 1 bathrooms

£165,000 GBP

Approx. currency exchange €208,623 EUR    US$264,805 USD
  • Ref: 577095
  • Type: Apartment
  • Listed over 1 year ago
  • Location: Panama, Panama
  • Bedrooms: 0
  • Bathrooms: 1

Ref 577095 | Panama, Panama | Apartment

"Panama is one of those rare overseas property destinations where property is expected to double in value in the next three to five years, and the cost of living is up to 75 per cent cheaper than in the UK. All this is combined with a lifestyle and landscape to rival the best of the Caribbean. Beaches and palm trees abound in the coastal areas and with crime rates low and a stable, respected government, there is good potential for both investment and emigration.The combination of new foreign direct investment in the country, a Dollarized economy and tax incentives for investors mean that there are plenty of opportunities to make money.The economy and government are now stable, and have been for some time with the support of the US. The Panama Canal is also scheduled to be widened over the next few years to allow the latest breed of supertankers to pass through easily, which will bring increased prosperity to the country as a whole.

Property prices in Panama are rising quickly, and have been doing so for at least the past year, making it one of the best destinations for overseas property investment currently available."

(source:buyassociation:2008)

Los Faros de Panama is the next urban landmark of the city of Panama, with a robust height and beam lights that will illuminate the whole city . The project includes 1,700 luxury residential units spread over 84 floors. Designed by the renowned architect, Chapman Taylor, with ample spaces and glass finishings, every apartment will have astonishing views of the city, sea and the canal. The project includes:

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Average Price of Property in Panama, Panama

Property Type Min Price Max Price Median Price
(All prices in EUR) Panama Panama Panama Panama Panama Panama
Apartment/Flat 321,829 70,702 321,829 321,829 440,000 383,580
Studio 249,353 249,353 249,353 249,353 - -

* Calculations based on 2 properties for sale in Panama and 3 properties for sale in Panama

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