Searching for affordable beachfront condos for sale in Panama?
For buyers thinking about buying property in Panama, there are plenty of options to consider across the country’s long coastlines, from Farallon, Rio Hato and Playa Blanca to the Pearl Islands in the Gulf of Panama and Pedasi at the south-eastern tip of the Azuero Peninsula.
While each of these destinations has their own appeal, none are quite like the idyllic Bocas del Toro archipelago on Panama’s breathtaking Caribbean Sea coast.
Moreover, no other destination offers the same combination of value, income-generating potential and access to amenities as these units.
7 Reasons to Consider Investing in these Condos by the Beach in Bocas del Toro, Panama
So, if you have been thinking about investing in real estate in Central America, here are 7 reasons why you may wish to consider one of these new condo suites for sale on the island of Isle Bastimentos…
1. Very Attractive Asking Prices
With asking prices starting at US $94,900, these suites are some of the most affordable condos for sale in Panama by the beach.
If you have already begun your property search, you will no doubt have observed that it is rare to find beachfront condos for sale in Panama for under US $100,000.
In fact, you would be hard pushed to find beachfront condos for sale anywhere in the Caribbean at this price.
These units therefore offer the opportunity to purchase property by the beach in Panama at a very reasonable price.
2. Just 150 Meters from the Beach
However, price is not the only reason to take a good look at these apartment suites.
The location is also outstanding.
Surrounded by lush rainforest, these condominium suites are located just 150 meters from the golden sand beach on the island of Isla Bastimentos and the warm Caribbean Sea.
That’s less than 200 steps from one of the world’s most beautiful beaches.
3. Established Resort with Superb Amenities & Activities Available
As these units are located within a new enclave of a fully-operational, award-winning beachfront resort, they also offer the security of purchasing property at an established development which has developed a successful track record over its many years of operation.
As a fully operational resort, a host of amenities are available for use by owners and guests, including a marina, one of the best restaurants in Bocas del Toro and relaxing spa.
The resort is also ideally situated in close proximity to protected rainforest and pristine coral reefs so visitors can enjoy access to 5 beaches, great snorkeling and surfing and explore the nature preserve and miles of rainforest trails.
What more could you wish for from a resort?
4. Turnkey Rental Program with High Income-Generating Potential
In addition to the amenities, these condos come with a turnkey rental program which has been designed to offer significant rental income generating potential without the hassle of overseas property ownership.
Management and rental of the units is taken care of by the operators.
Better still, the developer is offering buyers a 15% rental income guarantee which is one of the highest rates of return that we have come across in the Caribbean and Central America.
5. Financing Available
Smoothing the path to purchase, financing may also be available to qualified buyers (subject to circumstances).
With 30% down and 0% interest for 2 years, one of these condos could be yours to enjoy.
6. Top Emerging Tourism Destination
Generating a Return on Investment depends on a destination’s ability to rent out your unit as hotel accommodation.
Fortunately, Panama has recently been celebrated as one of the world’s hottest must-visit destinations.
For example, it was recently voted one of the top 10 countries in the world to visit in 2019 by leading travel publication Lonely Planet.
As a result, the Central American country is becoming increasingly popular vacation destination, especially for visitors looking for adventure and exploration off the beaten path.
According to the Statistics Department of the Tourism Authority of Panama, over 2.48 million (2,480,190) tourists visited the country in 2018. This represents very healthy growth of 3.3% compared to 2017.
With the growth of tourism comes growth in demand for accommodation, in particular demand for high quality, affordable accommodation by the beach in popular destinations such as the Bocas del Toro archipelago.
This rise in demand is expected to reinforce the income-generating potential of these units.
7. One of the Most Prosperous Countries in the Latin America
Finally, Panama is also considered a safe place to invest.
Over the past decade the country has achieved the highest rate of economic growth in the Latin America and Caribbean (LAC) region.
Last year alone, Panama’s economy expanded by 5.5% according to the World Bank.
The Central American economic powerhouse has achieved truly exceptional levels of economic growth which have delivered economic and political stability, providing an extra incentive for investors with an eye on these condos.
Find out more about these Condo Suites in Bocas del Toro
So, if you are looking for an affordable apartment by the beach in Panama, these condos for sale in Bocas del Toro offer a unique combination of affordability, prime beachfront location, rental income guarantee from the developer and excellent track record in one of the region’s most successful economies.
To discover more, explore the details on our website or contact us for more details.
Find your perfect property in Panama with 7th Heaven Properties.