Top 5 Reasons to Invest in the Azuero Peninsula, Panama
During the past five years Panama has continued to occupy top positions on the international real estate investment scene. Coupled with a growing economy, 7% on average annually, and the recently commenced Panama Canal expansion, a 14 billion dollar project, the Panama Real Estate market looks more attractive than ever.
The grand majority of investors and developers have been concentrating their efforts in Panama City. However, there has been a lot of speculation that the Panama City boom is starting to taper off and show signs of leveling out.
This article presents five excellent reasons why investing in the Azuero Peninsula, Panama is becoming more and more popular and an attractive alternative to Panama City.
1.Price, Price, Price!
Although Panama beach front land has experienced a considerable increase over the last 2-3 years, it is still considered very affordable compared to other Central American countries such as Costa Rica and Mexico. In particular, the Azuero Peninsula is often compared to the Guanacaste Region of Costa Rica however at a fraction of the price.
2.Lower Cost of Living
Your money definitely goes further in the Azuero Peninsula, Panama. Everyday costs such as groceries, entertainment and restaurants are a fraction of what they are in Panama City. This is a considerable attraction for many retirees looking to maximize their fixed income capabilities. When investing in property and considering where to live it is important to consider the cost of living and not solely the cost of the actual property.
3.The Security Factor
Crime is almost non-existent throughout the Azuero Peninsula. It is generally safe to walk around at all times of the day and night and it is not uncommon for people to leave their doors open at night. In the rare times when crime does manifest it is usually limited to petty theft and or pub brawls. Generally this takes place around festivals or other events that draw large crowds. The absence of crime significantly raises the quality of life a foreigner can enjoy in the Azuero Peninsula, away from the loud and increasingly dangerous, Panama City.
4.Stress Free and Tranquil Lifestyle
Quiet stretches of beach, private mountain retreats and tranquil forest sounds become part of daily life in the Azuero Peninsula, Panama. Beaches are generally uncrowded and nature trails undisturbed. With excellent sport fishing, diving and surfing, the Azuero Peninsula is an outdoor enthusiasts dream. On the contrary Panama City has reached its maximum capacity of traffic jams, noise and hectic lifestyles that do none other than lower ones quality of living.
5.Rapid Rates of Return on Investment
The unprecedented real estate boom in Panama City has created an oversupply of available real estate. We are now reaching the point where properties are being flipped three and fours times, each flipping generally diminishing profit margins. This is not the case in the Azuero Peninsula, Panama. Property prices are still low enough to accommodate a hefty return on investment for the savvy investor who invests ahead of the curve. Further, since the real estate boom is in its infancy in the Azuero Peninsula many times property is purchased directly from the original owners.
There is a growing trend of investors and retirees looking beyond Panama City. For the reasons stated above (and many more), the Azuero Peninsula is positioned to offer investors and individuals alike an excellent opportunity for solid investment and easy worry-free living.
Dimitri Svolos is the co-Founder of TropilandPanama,(http://www.tropilandpanama.com)specializing in properties in the Azuero Peninsula, Panama. A real estate investor and living in Panama he co-founded TropilandPanama to help individuals and businesses alike find customized real estate solutions.
