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Punta Paitilla, or Paitilla Point, is a peninsula in Panama City, Panama. Punta Paitilla looks out onto the Pacific and back along the Bay of Panama toward the historic district of San Felipe. With views of the Cinta Costera project and Panama’s bancaria in Obarrio, Punta Paitilla offers luxury living and close proximity to Panama’s main business district.

Panama Real Estate

Panama real estate has been a great investment for the last decade or more. Panama is in the midst of an economic boom that continues despite severe economic downturns throughout North America, Europe and Asia. 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 City neighborhoods, or barrios, such as Punta Paitilla offer tropical living, first world services, and prices that beat North America and Europe, even with recession looming across the globe.

Punta Paitilla Real Estate Panama

Current listings for Punta Paitilla, Panama include a two bedroom, two bathroom 111 square meter apartment with parking renting for $1,800 a month and selling for $240,000. A 145 square meter apartment with three bedrooms and two bathrooms is renting for $2,500 a month and selling for $250,000. For $3,400 a month you can rent a three bedroom, 320 square meter apartment, furnished with parking for yourself and visitors, a pool, social area, and other amenities.

A 111 square meter apartment in Punta Paitilla, Panama is renting for $1,800 and selling for $240,000. A just offered 220 square meter apartment is going for $370,000. A 110 square meter two bedroom unit in Punta Paitilla is being offered for $165,000. Apartments in Punta Paitilla typically come with security guards on the premises or, at least, a locked door onto a lobby with someone in a downstairs office 24 hours. Pools are typical along with social areas.

Living in Punta Paitilla, Panama

Punta Paitilla offers high rise living and walking along streets shaded by grand old tropical trees. Although it does not freeze in Panama City leaves fall from the trees at the start of the dry season to be replaced by magnificent flowers before next year’s leaves sprout. Imagine a walk along sidewalks shaded by flowering trees on one side and a view of the Pacific on the other.

Punta Paitilla has pharmacies and grocery stores, book stores and restaurants, as well as proximity to night time entertainment along Calle Uruguay or Avenida Balboa. Whether you are coming to Panama to take advantage of easy residency requirements and retire here of if your multinational company is sending you to work in Obarrio next door Punta Paitilla offers a great place to live close to work and play in Panama City.

Punta Paitilla Real Estate Investment in Panama

Punta Paitilla, Panama has residential real estate for sale. This is a good time to buy as credit problems in North America have caused a pause in appreciation of high end real estate such as in Punta Paitilla. As with all business cycles this one will right itself and Punta Paitilla real estate will take off again. In the meantime you can lock in a great price and wait to sell at a nice profit.

Another real estate opportunity in Punta Paitilla is commercial real estate. Punta Paitilla has shops, restaurants, pharmacies, and every other type of service you might like. All of these businesses need retail, office, or warehouse space. As there are no rent controls on commercial real estate in Panama you can expect to charge what the market will bear for lease payments. And, as Panama’s economy keeps growing in the ten percent per year range you can expect to see a substantial appreciation in commercial real estate too.

If you are interested in living in Punta Paitilla or investing in commercial real estate in Punta Paitilla contact us at ABPanama. We have over 23 years experience managing real estate portfolios and would be pleased to help you live and prosper in Panama.