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La Alameda, Panama is a quiet upscale mixed residential and commercial neighborhood off the main road of Tumba Muerto. Next door to the mixed residential and commercial area of el Dorado, La Alameda, Panama is close to downtown restaurants and entertainment as well as the shopping and commercial areas of both neighborhoods.

La Alameda has or is close to several upscale malls, the former Panama Canal Zone and Metropolitan Park, a square mile on protected rainforest within the bounds of Panama City.

Real Estate Investment in Panama

Panama is the narrowest point in the Americas where the Panama Canal connects Atlantic and Pacific. This tropical country has untouched rain forest and pristine beaches on both the Pacific and Caribbean coasts. Panama also has a first world infrastructure with the best roads, airports, ports, and telecommunications in Latin America. Panama is currently enjoying an economic boom and a flood of North American retirees attracted by easy residency laws.

The Panama real estate market is steadily appreciating. With Panama’s easy residency requirements and the ability of foreigners to own property here North Americans have made Panama their premier choice for retirement. Panama City’s skyline is filling with high-rises and Panama real estate investment is prospering as North Americans flee the cold for a condo in a warm country with a first world infrastructure.

La Alameda, Panama Real Estate Investment

A 500 square meter, three story house in La Alameda, Panama with a pool is selling for $525,000. Another beautiful three level, three bedroom, three bathroom, 600 square meter home in La Cresta, Panama is selling for $500,000. Both of these home are on quiet streets shaded by old tropical trees. Both of these La Alameda, Panama homes are close to first world services and shopping.

Investment in Real Estate in Panama

Panama has had a ten year long run of excellent returns on real estate investments. Panama is not only a beautiful place to live but it has had low prices and inexpensive real estate. Right now, as North America and Europe sort out their credit problems, is a great time to buy as the high end of Panama’s housing market has flattened out.

Despite financial problems elsewhere Panama still is adding jobs and has a growing economy. Panama’s conservative banks did not go for sub prime mortgages like in the USA and still are solvent. Panama is probably an excellent place to wait out the world’s financial difficulties. And, while you are here, Panama still offers excellent real estate investment opportunities. More so than residential real estate commercial real estate in Panama is tied into Panama’s thriving economy and Panama’s unique position in world commerce. Commercial real estate investment in Panama does not have to deal with rent controls like the low end of the rental market.

If you are interested in houses in La Alameda or investment in real estate throughout Panama come to see us at ABPanama. We have over 23 years experience managing real estate portfolios.