Countryside Panama – housing market keep growing

Living surrounded by nature has many advantages. Most buyers of properties in the countryside Panama and in the interior, says one of the reasons for investing in this type of housing is peace, tranquility and relaxation that can be enjoyed. Moreover, there are people who invest in these residential and then rent them, generating an extra income. Due to this, and to other many other reasons, it is clear the continued growth of the residential market in the country.

Gogetit Highlights

* Experts say that housing prices in the countryside Panama, are mostly between U.S.$ 100 thousand million and U.S.$ 350 thousand million. There are lower prices than those, but they represent the lowest percentage of existing developments.

* Areas with larger housing development are Cerro Azul, El Valle, Altos de Maria, Coronado, Pedasi, Mariato, Farallon, Gorgona, Chame, Rio Hato and Boquete.

* The price of the squared meter of this type of homes are less expensive than houses in the city, making them more attractive at the time of an investment.

Benefits of moving to a house in the countryside Panama:

Many times we imagine living in a quiet place away from all the stress that characterizes the city. The garden and beach are the perfect solution to achieve this escape and disconnect, which highly benefits our health. More and more people decide to invest in countryside projects or beach projects. Both Panamanians and foreigns, are attracted to this type of housing, not only for its size, but for the opportunity they have to invest and then renting the houses.

According to information published by Panama America website, experts say countryside housing prices, are mostly between U.S.$ 100 thousand million and U.S.$ 350 thousand million. Some of the areas further development of these homes are Cerro Azul, El Valle, Altos de Maria, Coronado, Pedasi, Mariato, Farallon, Gorgona, Chame, Rio Hato and Boquete.

The adviser of Panamanian Society of Engineers and Architects (SPIA), José Batista, believes that the cottages and town houses have a marked distinction, as the countryside is more informal, where the terraces and more open places are prevalent. Batista said that the country has a good recreational housing development. “Products are offering everything from very simple projects to others that are a mansions.”

Some years ago, the most common areas for the construction of cottages, were Cerro Azul, El Valle and Altos de Maria Panama. Nowadays, the market has been extended and are developing areas, such as Coronado, Pedasi, Mariato, Farallon and Gorgona.

Meanwhile, the President of the Panamanian Association of Brokers and Real Estate (Acobir), Katherine Shahani, said that the housing market continues to grow and there are also developing several projects including Chame, Rio Hato and Boquete.

Read more information here (Article in Spanish).

Interested in Panama Real Estate? We invite you to visit www.gogetit.com.pa, the fastest, most reliable and social way to find your property in Panama.