The country has a stable democracy and is benefitting from huge foreign investment. As a result of this investment and Panama's reputation as a tax havan the country is experiencing a serious real estate boom. A large proportion of this market consists of retirees from the U.S., Canada & Europe as foreigners can buy and own property in Panama with the same rights and protections as Panamanian citizens.
City Center has not been released to the market yet so this is a unique ‘pre-launch’ opportunity to own at discounted prices a suite in what will be one of the best hotels in the city. The developer is in the final stages of talks with a 5* US hotel brand and once this deal has been agreed this will inevitably make prices soar! The Panamanian tourist board has also announced a serious lack of 5* hotel rooms available in the city.
Exclusive to RGI.
RGI have an exclusive agreement with the developer which has been limited to 3 months duration as by then all agreements with hotel brands will be finalised. RGI investors will get a 15% discount on any unit they purchase and will benefit from specialist payment terms illustrated below:
- 20% with sales contract
- 5% at month 6
- 5% at month 9
- 10% at month 12
- 60% upon completion
Prices for a standard room start from $232,000 but with the 15% discount are available to RGI investors at a starting price of $198,000!! Early rental projections show a net rental return of NO LESS than 8% p.a. but it is widely anticipated to be closer to 10% p.a. There are mortgages available and there are no purchasing taxes to be paid in Panama, so why wait!