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La Cresta, Panama Houses and Apartments
La Cresta, Panama is well to do residential neighborhood on a hill near downtown Panama City, Panama and next door to the University of Panama. Housing in La Cresta ranges from older, nice houses to apartments in new high rises with lots of room and all the amenities.
Real Estate Investment in La Cresta, 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.
Panama Real Estate Investment
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.
Little noticed by the “Norte Americanos” moving here is that the middle lower parts of the Panama real estate market are also booming. Investment here is leading to are more jobs, more immigrant Latin Americans looking for work and a continuing need for housing.
Despite the world economic downturn Panama has added jobs in 2008 and its economy has grown by 9%.
La Cresta, Panama Real Estate Investment
La Cresta, Panama is a high end residential neighborhood next to the University of Panama and overlooking Panama City’s downtown and the Pacific Ocean. The neighborhood is safe and services are close.
A 677 square meter apartment on the hill in La Cresta, Panama with three large bedrooms, four and half bathrooms and a gorgeous view of the city and the Pacific Ocean is being offered for $1,000,000. This apartment has a large, wrap around balcony, a jacuzzi, and maid’s quarters. The building has a pool, suauna, gym, children’s play area, and a party room. The apartment has four parking spaces.
A five bedroom, 740 square meter apartment with view like the one above and similar amenities is being offered for $1,369,000. La Cresta, Panama also has a 400 square meter apartment with four bedroom and all the amenities going for $498,750.
Houses in La Cresta, Panama
A 350 square meter four bedroom home in La Cresta, Panama on 803 square meters of land is being offered for $575,000 and a two bedroom, 305 square meter home is being offered for $450,000.
If you are interested in La Cresta, Panama real estate in particular to are interested in real estate investment in general in Panama contact us at ABPanama. We do business throughout Panama and have over 23 years experience managing real estate portfolios.