Azul Blue, Panama
- Properties From $274,794
- Tenure: Freehold
- Rental Return: 7%
- Estimated Completion:
- No property taxes for 5 years. Non-residents are taxed on Panamanian-source income only. Additionally, Panama does not impose capital gains tax, inheritance tax, or wealth tax.
- Enjoying an tropical climate and low cost of living, Panama is home to many retirees from Canada and the US.
- Panama’s real estate market has been growing steadily, driven by factors such as urban development, tourism, and foreign investment. The country’s capital, Panama City, has seen significant infrastructure development and a rise in luxury real estate projects.
- Panama City is the regional headquarters for hundreds of multinational companies and a true business and financial center. As a result, there is a rich and diversified pool of buyers and tenants from all over the world.
- Golden visa available for investments above $300,000.
The Property
Azul Blue is a private community within Playa Caracol, Panama, offering options for 2 and 3-bedroom townhouses. Azul Blue provides a modern living experience with access to top-notch facilities and stunning views of the ocean. It is part of the growing real estate sector in Playa Caracol, catering to those seeking holiday homes or investment properties.
The townhouses are on two levels and offer from 785 square feet with 2 to 3 bedrooms, living area, kitchen, bathrooms and terrace. Within the the community residents can enjoy communal amenities including swimming pools, playgrounds, sports clubs, beach club, surf club and restaurants.
Why Panama?
- 2.5 million visitors per year
- 90% occupancy
- 4.5% predicted growth in property prices in 2024. (Fitch).
- No property tax for 5 years.
Panama has been one of the fastest-growing economies in Latin America, with a strong focus on services such as banking, insurance, and tourism. The government has implemented policies to attract foreign investment, leading to a stable economic environment conducive to business growth. Panama City’s real estate market has been particularly attractive to investors due to its steady appreciation and high demand for commercial and residential properties. The real estate market in Panama City has shown resilience and consistent growth over the years. The city’s skyline is dotted with modern skyscrapers, reflecting the robust construction activity driven by both local and foreign investment. The demand for luxury condominiums, office spaces, and retail properties has remained strong, offering the potential for high returns on investment.
Est. Return
- Estimated Rental Return: $19,235
Location
Azul Blue in Playa Caracol is located on the Pacific coast of Panama, approximately 90km (56 miles) from Panama City. It is situated near Punta Chame Bay, which is about 37km (33 miles) away from Coronado, the largest beach community in Panama popular among American retirees. Playa Caracol, also known as Playa Caracol Chame, is one of the first beaches you encounter when leaving Panama City.
The beach at Playa Caracol offers over 1km (0.6 mile) of pristine white sand, providing stunning views of both sunrises and sunsets. The area is a gated community that was established less than a decade ago and is currently 60% developed. It offers various types of residences, including apartments and houses with ocean, swimming pool, or mountain views. This makes Playa Caracol suitable for those looking for a second residence at the beach or an investment property for renting.
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