How Is The Real Estate Market In Panama City?

Panama City's real estate market is expanding at some quite impressive rate. There are plenty of new construction projects in development, so you have a wide variety of apartments and condos for sale to choose from! There is also a large pool of off-market real estate in Panama City, only accessible to realtors with good connections in the market. Among the newest and most ambitious projects are the La Maison Fendi in Santa Maria and the Wanders & Yoo Towers in Bella Vista - both buildings offer stunning modern architecture and a high standard of living for their residents. For the best real estate for sale in Panama City Panama, get in touch with us anytime and tell us about your needs!

What Are The Most Popular Areas In Panama City?

Location is key - and Panama City has lots of popular neighborhoods to offer, spanning from the vibrant city center to more private neighborhoods in the suburbs! Among the most lively communities in downtown Panama City are the districts of Bella Vista, El Cangrejo, Obarrio, Punta Pacifica, Punta Paitilla, San Francisco and Coco del Mar. Apartments and Condos for sale near Avenida Balboa are also in high demand. One of the most up-and-coming areas would be Costa del Este, a rapidly growing business and residential district to the East of Panama City - Costa del Este is perfect for businesspeople and young working families as well as frequent travelers, due to its proximity to the Tocumen International Airport!

What's The Average Price For A New Condo In Panama?

A newly constructed apartment or condo in Panama City sells for around $2000-2500 per square meter, depending on the area and developer. Some districts and buildings may be slighty pricier, but not more than $3000 per square meter for a brand new apartment. When compared to the US or Western Europe for example, property prices in Panama are still very cheap, so investors and retirees can sometimes safe up to 80% in costs! Also it should be noted, that the Panamanian real estate market has proven itself as very resilient during times of crises in other parts of the world like during the financial crisis in 2008 or during the Corona pandemic.

Do All Buildings In Panama City Have Public Amenities?

Most new buildings in Panama City have a wide array of amenities and social areas to offer that you normally only find in 5 star hotels - spanning from fully equipped gyms to spa areas, co-working spaces, restaurants, supermarkets, barbers, laundry and many more. When buying an apartment or penthouse in one of these newer development projects, you don't even have to leave the building in order to live your best life!

How Do I Buy A Condo In Panama City With Crypto?

Buying real estate with crypto in Panama is quite easy with the payment services provided by Panacrypto. You can either search our marketplace for a property you'd like to buy or send us the listing of a realtor that is not currently in our network. Once the purchase agreements and all neccessary contracts are set up, an escrow secured wallet will be created to which the funds have to be sent. After the crypto has been received, it will be exchanged to USD under OTC escrow and then forwarded to the seller or realtor. The entire process will take about 5 business days to be completed.

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