Description:
Panama offers property buyers excellent benefits and a growing market in which to invest. IPIN’s selection of Yoo Panama as one of the very best options in the City is based on the following key factors:
- Located in a prime business district of Panama City
- Avenida Balboa is famed as a spectacular strip that runs along the Panama Bay Pacific-side coastline-Panama City´s premier location
- Designed by one of Panama’s celebrated architectural firms BT Arquitectos
- Interior designed by the world-renowned firm, Yoo by Philippe Starck
The Investment
This project offers a mid to long-term investment:
- High capital appreciation potential of around 20% for year 1
- Low capital investment with positive cash flow
- High rental projections: long term rentals estimated at 2,800 USD per month; short-term rentals estimates from 1,400 USD per week*
- Local finance available - Mortgage repayments from 2,023 USD per month-70% repayment mortgage over 20 year term-interest rates at approximately 6.5% ( Scotia Bank Panama)
- City centre investment
- Government-backed tax incentives
- Retirement haven - special retirement benefits
- Mature and stable economy
* Based on similar completed 1 bed, fully furnished ocean facing apartments on the famed Avenida Balboa
The Exit Strategies
- Voted best retirement destination by the 'annual global retirement index', with the highest growing tourism economy in Latin America
- As mentioned above, the increasing growth in tourism and retirement figures are set to provide a good resale market
- The developer will assist with the resale process
The Security
IPIN is pleased to confirm that this project has passed all necessary checks as part of its own and its legal partners’ due diligence process.
As the project complies with all legal requirements, IPIN has no hesitation in offering this project to its investor members.
- Full planning and licences in place
- Construction has commenced
The Developer
Habitats Realty is a leader in the national market, with more than 2000 residential units and more than 500,000 sq ft in commercial space in the metropolitan area.
Responsible for the development of approximately 16 residential towers, Habitats Realty have a strong background in delivering high quality constructions.
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