Aliaga, Panama
- Properties From $145,000
- Tenure: Freehold
- Rental Return: 7%
- Estimated Completion: 2025
- 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
Aliaga offer a range of residential options, including apartments with 1, 2, and 3 bedrooms. These units feature a lock-off option, allowing for flexible distribution that can adapt to different housing or investment needs. The project aims to provide residents with comfortable living spaces that are in harmony with their lifestyles.
The building offers a range of amenities for owners and visitors alike. Communal amenities include roof top area, pool and sundeck, barbeque stations, paddle court, rooftop cinema, gym, games room and effect hall.
The project is located near Avenida Balboa, known for its proximity to amenities and U.S. companies, making it an attractive choice for investors.
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: $12,250
Location
Aliaga is located in Cinta Costera, Panama City. The Cinta Costera is a relatively new land reclamation project completed in 2009. It includes 64 acres of oceanfront land with various outdoor activities and has become one of Panama City’s top tourist destinations. The government invested almost $200 million in this project to transform the under-utilized coastal area into a vibrant public space.
It is a vibrant and bustling area that offers stunning views of the city skyline, the Panama Canal entrance, and green spaces for recreational activities. It is a popular spot for locals and tourists alike to walk, exercise, skate, bike, and enjoy leisure time with family and friends. On weekends, it transforms into a lively hub with music, street artists, food stalls, and entertainment options. The area is completely pedestrian-friendly, providing a refreshing escape from the city’s traffic congestion.
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