Los Altos de San Carlos Apartments Panama
With apartments in Los Altos de San Carlos priced from just £79,000, it is clear why this brand new opportunity to invest in Panama is attracting the attention of Panama’s key group of property buyers, expat retirees and real estate investors also keen to reap a share of Panama’s growing tourism revenues. Nubricks has negotiated a discount of £10,000 when you reserve an apartment in Los Altos de San Carlos.
Increasing numbers of retirees are being attracted to the Panamanian property market by its cheap living costs, good year-round climate but above all most are being enticed by a 20-year exemption from Panamanian property tax for residential properties. The Institute for Public Policy Research released emigration statistics last year which estimated number of Britons living there full time at around 1,000.
As far as American baby-boomers are concerned the appeal of Panama as a retirement destination is abundantly clear, it’s the new Florida. The favourable tax structure coupled with a great cost of living, superb medical systems already in place and wide selection of sports and recreation facilities including scuba diving, golf, deep-sea and lake fishing, rafting and hiking make it a hot market right now.
These savvy investors are in good company, billionaire real estate magnate Donald Trump is spearheading Trump Ocean Club, a $220 million condominium hotel project in Panama City. Trump, like increasing numbers of overseas property investors is betting on Panama’s accolade as the fastest growing tourist section and economy in Latin America.
Bounded by the Caribbean Sea and the Pacific Ocean and with over 1,500 exotic islands off its coast, this is just the icing on the cake. The tourist appeal of Panama is attributed to its proximity to the US making it incredibly safe with none of the problems of its neighbours. There are no seasonal swings with year round temperatures of 25-30 degrees and Panama‘s location south of the hurricane tracks means it is normally not affected by these tropical storms.
Strong economic growth is underpinning Panama’s star status, with Panama City already an important hub for international banking and commerce, news that the Panama Canal is undergoing an $5.25 billion upgrade to increase its capacity is creating more jobs and when complete will attract more cruise liner traffic. In 2006, Tocumen airport, the country’s largest airport, underwent a major expansion program to attract more international flights to and from Panama, which will further improve Panama’s tourism revenues.
Panama City is set to benefit from continued investment. In September, Ocean Embassy commenced construction on a new SeaWorld style resort in the district of San Carlos alongside a hotel, ocean-themed shopping, beach sports, and top-notch dining and spa facilities.
San Carlos, is just an hour west of Panama City, the district is well equipped with local infrastructure including supermarkets, pharmacies, medical clinics, shops and restaurants of every type and price range, making it the perfect place to call home.
Just 5 minutes from white sandy beaches and a mile away from the newly planned marine park, Los Altos de San Carlos, sits on an elevated location, enjoying sea and mountain views. A fully gated resort, Los Altos de San Carlos benefits from on-site management and a restaurant is scheduled to be opened at the entrance to the community. Los Altos de San Carlos is approximately 10 minutes away from The Coronado Resort Golf Course, reputed to be one of the finest professional golf courses in Latin America.
The development comprises just 60 apartments constructed, fitted and equipped to a high standard. Five attractively designed buildings each contain 12 apartments; 8 one bedroom apartments and 4 two bedroom apartments on the second floor level. Facilities will include a communal swimming pool, spa, a large decked area set in tropical landscaped gardens and parking.
One bedroom apartments in Los Altos de San Carlos start at just £79,000 off-plan and two bedroom penthouse properties £99,000 with guaranteed non-status, no documentation mortgages over 20 years if required.
Discount Offer
Los Altos de San Carlos is being marketed exclusively by The Just Group and if you reserve an apartment off-plan it will be discounted by £10,000. To learn more about buying property in Panama and the Los Altos de San Carlos development offer click here or call The Just Group on UK 01257 251 501.
