Panama Real EstatePanama City is currently experiencing a real estate boom. rapidly increasing in price, which is turning Panama into a seemingly excellent destination for second homes and investments.Panama has become a desirable location to retire and live. There are 15,000-20,000 Americans living in Panama. It is both extremely affordable while being very modern.LA PINTADA ESTATES IS UNIQUE because it is a large gated development of 415 acres, that will offer lot sizes of 2 acres or more for building a home on. The development will be ideal for gardening, small hobby farming, fruit tree growing and equestrian activities. Residents will have plenty of space due to the large lot sizes, but will also be part of a small community. Unlike other developments in Panama, the town of Penonome being close by will not give the residents the feeling of isolation. Being an easy 2 hour drive from Panama city without having to negotiate mountainous roads is a nice benefit also. THE PROPERTY consists of flat areas, gentle rolling hills, mountainous areas and small winding rivers. River lots and view lots are also available. There will be a trail that will wind throughout the development for horseback riding, walking, jogging or bicycle riding. A community horse stable, tennis courts,and large gazebo party area will be made available. PRICES for lots will start at U.S. $120,000 for 2 acres and the prices will rise in Phases two and three. Smaller, less expensive lots are also available. Local building costs are approximately U.S.$50.00 per square foot, so a 2000 square foot house will cost around U.S. $100,000 to build. Properties in Panama are rapidly increasing in price, which is turning Panama into an excellent destination for second homes and investments. |
