We Need To Talk About Panama
In these rocky times, we need to be extra picky about where we put our hard-earned money…
If you’re looking for a safe haven—where you can park your cash and watch it grow (while you sleep soundly for 8 hours a night)—then one place stands above all others…
Among its Latin American neighbors, this country is an outlier. It knows how to roll with the punches…
In the years following the 2008/2009 financial crisis, Panama kept its head well above water. Now, in the wake of the pandemic, the isthmus is set to bounce back again, ahead of the crowd…
There is good reason for this…
Since the turn of the century, revenue from the Panama Canal has been the cornerstone of the country’s economy. The major canal expansion in 2016 resulted in double the cash flow from the industry. And, lockdowns over the past year didn’t stop the flow of ships (or cash) through the locks. Every time a ship passes through, it’s money in the bank…
Today, Panama has another feather in her cap… its copper mine, Cobre Panama, 120 kilometers west of Panama City. Within a few years, mine revenues are expected to outpace canal revenues…
All this means a whole lot more budget for investment in infrastructure, health care, and tourism… and—a sector that’s particularly interesting for investors—local housing…
Cashing In On Panama's Local Housing Shortage
We’ve touched on Panama’s growing middle class before. The rapid expansion of this demographic is causing the lower end of the local real estate market to burst at the seams. At the moment, Panama has a housing deficit of some 150,000 low- and middle-income homes.
In 2015, the government launched a US$1 billion investment in housing to correct this shortage. Part of the plan includes zero-to-low-interest loans for middle-income buyers… allowing these hard-working young Panamanians to move into a more attractive neighborhood and have easier access to quality, spacious accommodation.
One of the best of these deals we’ve found is based in David—Panama’s second-largest city…
David is the beating heart of the country’s Chiriquí Province. It has modern health care facilities, along with U.S.-scale shopping malls and shiny car dealerships. McDonald’s, KFC, and TGI Friday’s are all here, but you also have local Panamanian restaurants and options for fine dining. Accessible from the Pan-American Highway, the city offers an attractive urban lifestyle where you’re 30 minutes to either the mountains or the beach.
David itself has a shortage of some 10,000 homes. One developer we know here is tapping into its growing middle-class market and catering to his list of 400 qualified buyers…
A Reputable Developer 40 Years In Busines
The developer here has been on the scene in Chiriquí for more than 40 years—surviving the ups and downs of the past four decades. As well as residential projects, the company has been involved in building the local airport, hospital, hotels, roads, and more around David. Now they’re cashing in on the gap in local housing…
The project is in a perfect position to appeal to young Panamanian professionals looking to get on the property ladder. Close to all the amenities of David (it’s just a 10-minute drive to downtown), they’re on the doorstep of the city’s new hospital and just 10 minutes from the brand-new Chiriquí Mall.
And, as I mentioned, the developer’s wait list of local buyers is long…
Your Chance To Earn An 18% To 30% Profit In The Next Two Years...
This is a master-planned community of seven phases—each one with 50 to 60 homes. Phases 1 and 2 are under construction right now (where some of your fellow readers have already invested). Now the developer is welcoming investment in Phase 3…
This is an opportunity to make a double-digit, fixed return in the very near-term…
As the investor here, you’re basically providing a hard money loan at the pre-construction stage… and everything is turn-key from there…
Following your investment of US$59,000, the developer builds the home…
On completion, the developer buys back the home from you and sells it on to one of the buyers from his pool of 400 qualified applicants.
Your buyback payment includes your initial US$59,000, plus interest of 18% to 30%… depending on the time of delivery…
If the buyback happens at the 18-month mark, you’ll be paid US$59,000, plus 18% interest (a US$10,620 profit)…
If the transaction happens at 24 months, you’ll get back your capital, plus 30% interest (for a US$17,700 profit).
This is a pure investment opportunity…
You don’t have to worry about falling in love with the location—once completed, the property will go straight to the local Panamanian buyer…
Nor do you have to worry about the future of the local property market… or maximizing your occupancy level…
Instead, for a US$59,000 investment, you can earn a fixed return… hassle-free… in as little as 18 months.
For more details on the project and the buyback scenarios, connect with our sales team here.
Lynn Mulvihill
Editor, Overseas Property Alert