Panama has been one of the fastest growing economies in Latin America over the past decade, with real GDP expanding an average of 8.4% between 2004 and 2013. With over $30 billion committed by the government on infrastructure projects, Central America's most developed country is an attractive destination for investors.
Coco del Mar is the most desirable neighbourhood of Panama City. The exclusive residential area is home to million dollar homes and five international embassies. A relaxing oasis in the middle of Panama City, Coco Place is positioned in the heart of the suburb. The low-rise development is ideally located on the most important road in Panama, Avenida Cincuentenario, and is a few seconds' walk from the city's public transport.
The high-quality development is comprised of 108 two-bed, two-bath apartments. It offers five-star amenities, including a gym, swimming pool, sauna and party room, all designed to cater for two rental markets: the 140+ international companies who have relocated to Panama City and the city's growing banking district, second only to Singapore.
An in-house management company will have an office onsite that is readily available to investors and will offer returns of approximately 10% rental income.
Units start from $209,300, with a payment plan that requires only 20% on exchange, with monthly instalments until handover covering 50% of the purchase price. Post-handover developer finance is offered on the balance.
With a growing rental pool fuelled by employees at companies such as Microsoft, Samsung and Dell, don't miss your chance to reserve your own unit for just $2,500.