As the prices of real estate in Panama are continuously increasing, it is becoming harder to find deals with good combination of value and price.
In this article we will describe three interesting areas for investment in 2015:
1. Las Cumbres
This is a suburb district about 20 miles north of Panama City, or you can think of its location as between Caribbean cost and Panama City. This neighborhood is a well kept secret even from the expats who have been living in Panama for years. Las Cumbres still remains a mostly Panamanian neighborhood.
Last year the government took decision to extend the first line of Panama City Metro to Las Cumbres. Which means big changes for the entire place, because time of traveling will be reduced to 22 minutes to the central districts of Panama City. Such improvement will definitely will have an impact on real estate prices, but so far it has not been seen.
You probably should stay tuned for the appearance of new residential projects mostly in the middle class with prices range $ 150,000 - $ 250,000.
Las Cumbres
2. Punta Barco
Recently asphalted new road from Pan-American Highway has given the influence to the development of new business and residential projects in Punta Barco. Just recently 3 new project have begun construction.
You can still buy units in new projects at their pre-construction cost and of course make good investment when in 2-3 years, when the projects are delivered.
3. Penonome
This town is located in the vicinity of several mining projects, one of the major in Panama. We should expect more business and construction activity, which is already seen in the area and expected to increase even more in the next 2-3 years.
For now prices for property in Penonome are surprisingly low even and some areas of the province offer pleasant climate conditions, not the same you would feel in El Valle or Altos del Maria, but still...
The only disadvantage we see now about the place is that major shopping and infrastructure places are located 20 minutes away by car.
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If you have any questions about real estate in Panama, please contact us.
