Condo Hotel Property For Sale in Panama

Property for sale in Panama: A range of hotel condo’s for sale on Balboa Avenue, Panama. Situated in the fantastic Megapolis development. These properties have an array of fantastic facilities and ocean views. The Megapolis development has 61 levels, 14 Elevators (10 for Residents, 2 for Service and 2 for valet parking) Spectacular Lobby, Easy access to the Shopping mall.

If you chose to own one of these properties within the Megapolis, Panama, you will has access to an array of special services for instance:

• Room service
•  maid service
• laundry
• babysister
• concierge
• valet parking
• restaurant
• bar
•  entertainment
•  tours

You will also be able to enjoy the use of facilities in the beach, golf and other services. Other amenities within the development will include:

• swimming pool for adults and children
• Jacuzzi
• sauna
• Turkish bath
• Gazabo,BBQ
•  gym
• squash court among others

The Megapolis development is situated on Balboa Avenue, an up and coming area of real estate development which makes it an ideal location in which to buy a property for sale in Panama. With prices starting from $220,000 up to $370,000 for a hotel condo apartment, and a appealing payment structure it is not hard to see why the Megapolis development is a fantastic option for both property investor’s and people wishing to buy a holiday home that is that little bit special!  

Panama itself is the southernmost country of Central America – which is rapidly becoming the major area for overseas property investors.. It borders Costa Rica, Colombia, The Caribbean Sea and the Pacific Ocean. Panama is an international business centre and is also a transit country. The national currency (technically the “Balboa”), is matched on a 1:1 basis withthe US$, and for all but minor transactions, the US$ is normally used. Naturally,being allied with the world’s foremost currency has its benefits, and the net result has been monetary and price stability almost unique in emerging markets.Panama City is currently experiencing rising property values, partly owing to the planned expansion of the Panama Canal which is probably the country’s most famous and most important asset providing a large chunk of Panama’s recurring income.

On the one hand, Panama City is the financial heart of CentralAmerica, a banking metropolis, with modern skyscrapers, good nightlife and great shopping. On the other hand, it also offers virginbeaches, spectacular mountains, first-class fishing and great watersports facilities, with the added thrill of two oceans to choose from!The weather is wonderful, boasting consistently high temperatures throughout the year.

Of course, all this investment potential is of no use, without the tools to take fulladvantage, and Panama doesn’t disappoint here either. Historically conservativelending approach has meant its banking industry isn’t being hit by the creditcrunch being felt in the US and UK (no such thing as a buy-to-let or stated income loan here). 70% LTV mortgages are available with 6% interest rates. There’s a good choice of Panama City banks (e.g. HSBC, Banco General, Scotia etc.).

In addition to all the background factors that make Panama a great investmentprospect, there are significant fiscal incentives to encourage the property investor:

There are significant tax incentives offered to investors in Panama. First, thereare no exchange controls in existence. Second, foreign investment is welcomedand can be freely repatriated, so extracting gains from Panama is no problem.Third, Capital Gains Tax is very low. Finally, 20 year exoneration is also available for property tax on some new construction projects.

For those seeking somewhere to retire in later years it is worth noting that many agencies around the world rate Panama the number one place for retirees, and for good reason. Aside from the “near perfect” climate, personal safety and notto mention the hospitality of the locals, there is a host of additional governmentbenefits to retirees in Panama. Small wonder the real estate market is responding as retirees are buying their second homes there.

These benefits include:

• Importation of all your personal/household goods and a car free of taxes
• Right to import a new car every two years free of taxes
• 25% off domestic and international airline tickets
• 50% off entertainment including movies, concerts, theatre (movie ticket for $2.00)
• 25% off restaurants
• 50% off hotel accommodations Monday-Thursday
• 30% off bus, boat and train fares
• 10% prescription medicines
• 15% off dental and eye exams
• 50% off closing costs for home loans
• 30% off hotels from Friday through Sunday
• 15% off fast food restaurants
• 15% off hospital bills (if no insurance applies)
• 20% off doctor's consultations
• 20% off professional and technical services

If you would like more information about our property for sale in Panama, or have any questions in regards to owning or buying a property in Panama, then please feel free to contact us. 

Development

Megapolis, Balboa, Panama.

Facilities near this development

Parks & Gardens, Car Parking, Golf driving-range, Golf course, Spa, Tennis Court, Swimming Pools, Childrens Playgrounds, Outdoor activities, Beach / Coast, Bars & Nightclubs, Restaurants, Cafe & eateries, Hotel, Shopping centre

Facilities in this property

Car Parking, Communal swimming pool