This Apartment In Panama City, Panama Is Your Key To Residency

I’ve lived in Panama for about 15 years and I’ve invested more money here than anywhere else. From farmland and a modern condo in the capital city to a commercial rental, a full-scale beach community development, and even my future retirement retreat far out on a secluded Pacific coast.

Panama’s lifestyle advantages are simple. This is an affordable tax haven with plenty of beaches, easy residency, and a modern capital city.

And the investment fundamentals?

Panama’s Investment Fundamentals

They’re the most compelling in the region:

• The U.S. dollar is the currency, meaning no exchange-rate risk…
• Panama is Latin America’s banking hub, with more than 50 general and international banks in Panama City alone…
• This country has seen strong, sustained GDP growth of as much as 11% per year over the past 10 years (and even during the Great Recession in the years prior)…
• The Panama Canal is critical to the world economy, which ensures that this will always be a stable and valuable area…
• The government is pro-business and foreigner-friendly, meaning outsized incentives for foreign retirees and investors…
• The country has a solid legal system and strong personal property rights…

A stable economy is important for investment growth, but Panama also offers a unique set of benefits associated with its property investment market in particular:

• Depending on what you buy in Panama, you can be exempt from property tax for up to 15 years…
• Key local developers here have long track records spanning decades, meaning you can feel confident when buying…
• Panama doesn’t depend on North American buyers and investors, but it does cater to them, with American designs and features not found in many other Latin American countries…
• Developer financing is often available… financing for foreigners is rare, and several developers here have decades of experience…

This is my beat, and a market where I have built up a solid network of contacts.

Thanks to that network, I have just uncovered an exclusive new deal that allows us to get in on limited inventory at below-market price.

I’m talking about prime-location property in the heart of Panama City… at a massive US$58,000 discount…

I went to personally vet this property a couple of weeks ago, and I can confirm that this deal really kicks it out of the park.

Ready-To-Move-In Property In One Of Panama’s Hottest Neighborhoods

El Cangrejo is one of the most popular expat neighborhoods in Panama City. It’s actually where our Live And Invest Overseas Panama HQ is located.

The area is close to bus stops, metro stops, schools, universities, public and private clinics, pharmacies, grocery stores, restaurants and bars, and plenty of green areas. It’s also central, so you can easily reach other areas of the city. Finally, it’s one of the few neighborhoods in the city that’s walkable.

Property in this area has been increasing in value for years, but we have a rare chance to get in under current market prices…

Our special deal is for a limited number of 145-square-meter, 3-bedroom, 3.5-bath apartments that include a maid’s quarters and a laundry room.

Living here, you could start your day with a morning coffee on the balcony looking out across the Panama City skyline…

You could follow that up with your choice of the on-site amenities… including a rooftop pool where you can enjoy 180-degree views of Panama City, an events room, an outdoor lounge area, and a gym with quality equipment.

The building also has 24-hour security and your unit will come with two parking spaces… a rare perk for new Panama City apartments.

Bottom line, if you’re looking for a home in the capital city, this apartment checks the boxes for both full- and part-time living.

The El Cangrejo neighborhood boasts restaurants, bars, shops, and parks just a short walk away…

And it’s in a booming expat-friendly city that boasts first-class health care, world-class shopping, and an international airport nearby.

On the investment side, this type of apartment is highly sought-after by young locals as it has enough space for a couple with a growing family…

You’ll have no problem renting for profit.

Rentals for units like these in El Cangrejo commonly go for about US$1,500 per month. The HOA fee for this unit is US$217.50 at the moment. By renting the apartment long term, you could be making a decent net ROI of 5.6%.

And, remember, these are ready to move in… meaning you can start earning returns immediately.

Note that inventory is very limited.

Here’s The Deal On The Table…

The units are being offered at below-market price as the original developer had issues in the pandemic and couldn’t finish the project.

The new owner restructured with the developer and the bank and now is able to sell the units at just US$2,000 per square meter—they were originally US$2,300 per square meter.

A handful of units are available starting at just US$290,000. But we’ve secured two apartments at an even lower price…

Right now, you can get in with a cash offer for just US$275,500.

It’s uncommon to find an apartment of this size, and especially in this area, for less than US$300,000.

Plus, because it’s new construction, you also get 7 years of tax exoneration.

And the icing on the cake?

Purchasing here qualifies you for the new Friendly Nations visa, which grants you legal residency in Panama.

Again, only a handful of discounted units are being offered in this exclusive off-market deal…

Get in touch with my contact here for more details now.

Lief Simon
Editor, Offshore Living Letter