Buying Luxury Property in Panama as a Rental Investment
Panama is located in Central America on the narrow isthmus that connects North America and South America, with borders of Costa Rica to the west, Colombia to the southeast, as well as having the Pacific Ocean to the south and the Caribbean Sea to the north.
The Panama Canal is a world famous and very important shipping route that links the Atlantic and Pacific Oceans, providing a unique trading avenue for the entire world.
Pamana is also a very well trodden location for real estate investors and high-net-worth buyers of luxury real estate who are always looking for opportunities in an important zone for business and trade.
For the international economy as a whole, Panama has one of the most stable and service-oriented economies in the region.
Popular areas of Panama with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.
As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.
The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.
A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.
Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Panama, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.
When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.
