THE BEST AREAS TO LIVE IN PANAMA

Panama's competitive real estate market has experienced growth in recent years that has never before been recorded in the region and, according to several economic analyses, will continue to do so in the near future. For this reason, investing in this area of the market can become the best and most remunerative option for a smart investor, either because of the considerable growth of the financial market and rents or because of the undoubted revaluation of real estate in a country with the most stable economy in Central America since 2015.  



Taking advantage of these characteristics in the current real estate market in Panama means finding a solution for saving in assets that will surely find a rapid revaluation thanks to the economic, political and touristic context. Now, in order to facilitate your selection process, in Servmor Realty we have proposed to list which are currently the best areas to invest in Panama City.  



Santa Maria Golf & Country Club



This luxurious residential complex - comprised of a 284-hectare site adjacent to Costa del Este - stands out for its iconic golf course designed by the Nicklaus Design studio, and where residents can enjoy its beautiful green areas. Located a few kilometers from the Corredor Sur, Santa Maria is an area in full development but is projected to be the most exclusive and luxurious area of Panama.



In addition to its residential projects, one of its main attractions is the Santa María Business District, a building that stands out for being eco-friendly and for housing multinationals and important Panamanian companies.



East Coast



Located within the Corregimiento de Juan Díaz, Costa del Este is emerging as one of the most exclusive urban development areas in Panama City. Costa del Este has completely underground wiring, restricted access developments, independent wastewater processing plant, schools, hotels, banks, clinics, supermarkets and hundreds of benefits unique in all of Panama. In addition to the above, this residential - and commercial - complex stands out as a large-scale project for the satisfaction and enjoyment of families who do not want to soak up the fast-paced lifestyle of downtown Panama City. As a result of serving as the headquarters of a large number of multinationals, many expatriates reside in Costa del Este, as it has all the amenities and services of any urban center, direct access to the main roads and is minutes away from Tocumen Airport.



Approximate value per square meter in Juan Diaz: $1,897.39 USD.



Balboa Avenue



This luxurious area overlooking the Bay of Panama and the Cinta Costera, is perhaps the most coveted residential location within the Panamanian territory. Its beautiful skyscrapers and ultra modern architectural compositions guarantee an exclusivity recognized by the many foreigners interested in living in this area. In its entirety, the Cinta Costera has more than 10 courts, recreational spaces and green areas, which substantially raises the level of quality of life and enjoyment of citizens.



For exercise lovers, this is probably the best housing option in the capital of the Isthmus. In addition to the fact that almost all buildings in this area have a gym, here you will find the coastal strip which has long walkways, public gyms, bike paths, skateparks, multi-sport courts and bike rental points; all facing the sea and green areas. You also have the Urracá park where you can walk with your children and dogs, and then have a drink in any of the cafes that surround it.

Obarrio



This particular area, between Via España and Calle 50, is known as the financial heart of Panama, as it is positioned as the most commercial area of the city and is home to a large number of banks. Obarrio not only stands out for the banks that have their headquarters in these streets, but also for the many restaurants, stores (large and small), bars and the luxurious SOHO Mall that surrounds its vicinity. Among the many emblematic architectural structures in Obarrio, the Sortis Hotel and Kenex Plaza stand out.



Approximate value per square meter in Bella Vista: $1,716.37 USD.



Punta Paitilla & Punta Pacifica



Punta Paitilla and Punta Pacifica are often referred to as sister neighborhoods since they are adjacent and, despite being relatively small, have a remarkable population and structural density (incredible number of buildings per square meter). In terms of design, iconic architectural structures from the 80's coexist with avant-garde real estate projects.



At a maximum of 15 minutes walking distance from the Cinta Costera, both neighborhoods have recreational areas and waterfront parks. In addition to the above, two of the most important shopping malls in the city (Multicentro & Multiplaza) surround both neighborhoods, as well as two of the main private hospitals (Hospital Punta Pacifica & Centro Medico Paitilla).



San Francisco



San Francisco is a mostly residential neighborhood interspersed with small and medium sized businesses. Walking through its streets, it is impressive the amount of commercial plazas in the area, especially for boutiques, art galleries, beauty salons, spas, cafes and restaurants. In addition, there are countless pharmacies, banks and supermarkets. For families with young children, San Francisco provides a significant number of options in terms of daycare, daycares, preschools, elementary and high schools.



For sports and outdoor recreation enthusiasts, everyone in the family can enjoy the many amenities of the iconic Omar Park. Lung and heart of Panama City, this park is the largest in the capital city and is conditioned to practice almost all sports and physical activities with easy and free access.



Approximate value per square meter in San Francisco: $1,561.67 USD.* *Average price per square meter in San Francisco: $1,561.67 USD.



*Average price per square meter in the period January-June 2018.