At Prime Residence, we specialise in seeking out new emerging markets for our clients so that they can take advantage of their incredible returns. Over the past 6 years, we have brought our private clients substantial returns within the UAE market (Dubai, Abu Dhabi) and now we are proud to introduce the UK and European investors to Panama, the new emerging market. For further information regarding investing into Panama, please contact our international sales department, who will be happy to guide you.
Why Panama?
Over 30% growth in the property market in past 12 month.
Political and economic stability, over 13% GDP growth in 2007.
US dollar used as the local currency.
Panamas rate of tourism increased by 30% in 2007.
Over 100 different banks have transformed Panama City in to one of the worlds leading banking and finance centres.
Cosmopolitan Hub of the region.
Panama is exonerating property taxes on residential investments.
High yielding (residential units achieve 8-10% yield).
Major infrastructure changes ongoing.
widening of the Panama Canal.
construction of one of the world's largest ports along with a large oil refinery.
Expansion of International Airport and improved roads.
The Trump Ocean Club Panama
In 2007, Donald Trump in a joint venture with K-Group began to construct the Trump Ocean Club, a 68 storey tower housing the first true six star luxury hotel and casino, as well as luxury apartments and Lofts within Panama City. The structure set into the water which combines cutting edge design with breathtaking views over the ocean and Panamas surrounding natural beauty, this is the largest Trump project outside the US, and at a cost of over $400 mil represents the scale of investment taking place in Panama City. Due for completion in 2010 this structure will remain an iconic figure in Panama Cities skyline for years to come.
