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Panama Beach ResortCity: PortobeloMaria ChiquitaMortgages 60% LTVPrice: from $76,500 Panama The prices are very good for Panama and the location is set to increase in value over the next few years. The Panamanian economy is growing at a rate of over 7% each year this year it already looks to be as high as 10%.One thing to note with regards to tourism, is that the Latin Americans and the people from Columbia and Venezuela have money and this area is very popular with many nationalities. Panama is going through a boom at present and continues to grow at a steady pace. The area of Colon is the 2nd largest Free Trade Zone in the world second only to Hong Kong. With the Canal Zone expansion now taking place more and more money is flowing into the country with the canal being one of the most important links in the Global Economy.Tourism in the area continue to expand with hotels already boasting over 80% occupancy levels. To give an example, 1 bed apartments with Ocean views are earning around $2800 per month in rentals. The USA & Canada have increased the travels down to Panama to enjoy lower prices on the US dollar, They are calling Panama the new Florida for the Snow Birds coming down from the North. South America likes wise enjoy traveling to Panama. Cruise liners are now building larger ports to accommodate the South American Traveler who does not wish to go through the long process with immigration in the US just to go on a 5 day cruise.Putting all these items together already makes for a great future but there's more.Panama is continually voted one of the best location for retirees. With simple procedures and numerous benefits for those that do decide to retire here. More and more Americans and Canadians are relocating to Panama. The process is just as simple for Europeans.Panama Beach Offers a great location at a great price.  Building Summary Panama Beach Resort is located in the most beautiful beach of Panama’s Caribbean coast, just a one hour drive from Panama City.  This master-planned beach community is designed for those seeking true serenity for the best value.  Crystal clear waters, white sand beaches and gorgeous mountain backdrops provide breathtaking views from any point on the community.  Panama Beach Resort is only minutes away from the nearest hospital, supermarket and other desired amenities required for residential living.   Available Apartments The first phase will consist of two 11-story buildings with the following apartments to choose from: - Studio (45 m²)- 1 Bedroom (65 m²)- 2 Bedroom (85 m²)- 3 Bedroom (130 m²)- 1 Bedroom 2-Story Loft (180 m²)- 2 Bedroom 2-Story Loft (180 m²) Each apartment offers breathtaking views of the ocean and gorgeous mountain landscape. Amenities The community will feature: - Private beach access- Multiple swimming pools- Restaurant & bar- Tennis courts- Basketball court- Fully equipped gym- Beach chair & towel services All of the above will be managed independently by the third-party property manager if the investor so wishes. On this spectacular beach the resort will have full amenities, including a fitness centre, tennis courts, basketball facility, swimming pools, restaurants and a health and beauty spa. All kinds of activities will be offered such as diving and sport-fishing.  Less than an hours drive from the international airport in Panama City lies a gorgeous stretch of unspoiled Caribbean beach. Here is where you'll find the premiere Panama Beach Resort, a luxury development situated on 20 lush acres that hug the coast. For the first time, a piece of paradise can be attainable without spending a fortune. By partnering with some of the most experienced local developers, Panama is able to offer the highest level of luxury at a reasonable cost. Panama is among the most accessible oceanfront developments in Panama. The highway leading from Panama City is completely new and maintained to the highest levels.Features Panama beach proudly offers all of the finest amenities available. Various complimentary and fee based services are also offered, please find them listed blow along with the amenities.   Tennis Courts   Infinity Swimming Pools with Lap pool   Jacuzzi   Fully Equipped Fitness Center   Day Spa and Sauna   Alternative Health Center with Yoga and Meditation studio   Beach Volleyball Courts   Basketball Courts   Bocchiball   BBQ Area overlooking the pool   Beach Cabanas Complimentary Services  Valet Parking   24 Hour concierge service   24 hour building and parking security Fee Services   Babysitting service   Maid service   Room service   Dry Cleaning service   Massage   Personal chef service   Fishing Tours   Scuba Diving   Canopy Tours   Jet skiing   Guided ATV Tours   Medical and Ambulance service   Environmental and ecological tours   Panama City Shuttle  Payment Terms are 20% on reservation, 20% upon commencing of the construction and final payment is due at takeover. FAQ’S  Must I be a resident to buy property in Panama ?No, non residents are allowed to purchase and own property with the same rights as Panamanians. The only restriction for foreigners is they cannot own property located within less than ten kilometers from national borders, the borders with Costa Rica and Colombia. Is my title protected in Panama ? All property titles in Panama are registered at the Public Registry and considered to be fee safe. Of all the countries in Central America, Panama has many less problems with title than all other countries.   Is Panama safe ?Panama is considered to be one of the safest countries in Latin America with low violent crime rates and stiff penalties for those that commit crimes against tourists.Just like any other country however, there are problem areas and common sense should be observed, but for the most part, the Panamanian people are some of the nicest you will ever team. Panamanians are very proud, friendly, generous, considerate and welcoming.  Is a visa required to enter Panama ?Yes, when entering Panama, most foreigners are required to enter under a tourist visa. Tourist visa cards can be purchased for $5 upon entering the country and are good for 30 days and can be extended for up to 60 days. You do need a passport to enter Panama.  Is it safe to drink the water in Panama ?Yes, it is safe to drink the water in Panama. The only places where you should consider drinking bottled water are on the islands such as the Pearl Islands and even some of the islands in Bocas del Toro. Bottled water is widely available if necessary.  Is Panama politically stable ?Yes, Panama is politically stable and has a firm commitment to democracy. Panama is also very pro-business country and has strong international interests to ensure the continued success of the Panama Canal. What is the local currency ?The official currency of Panama is the US dollar, but there is a Panamanian currency known as the Balboa that is used in conjunction with the USD, but only in coin form. While the coins look different than the U.S. coins, they are equal in size, weight and value. The terms Balboa and Dollar are used transversely when referring to money in Panama. Do I need to know how to speak Spanish ?The official language of Panama is Spanish, however, about 1 in 6 Panamanians are fluent in English and many more understand English. English is regarded as the second language of Panama. You may run into some trouble speaking English on the street (taxis, waiters, service industry people), but most professionals (doctors, lawyers, bankers, real estate professionals, etc.) speak English. You should have no trouble doing business in Panama, especially when dea