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A low inventory of available units in Costa del Este is driving up prices and rental demand, creating an attractive situation for Panama property investors. 

In many cases, investors are taking advantage of pre-construction pricing in Costa del Este to quickly build up equity. With the rental market strong and the number of available homes low, the market is setting up for consistent yields and a robust return on investment.

“At any given time, we will have requests for 50 or so rental units,” said Jose Manuel Bern, Vice President of Empresas Bern. “Some of the highest rental prices are in Costa del Este, and we are working hard to bring more units online to meet the demand.”

There are good reasons for the interest. Costa del Este is developing into one of the primary targets for employees of international companies that are expanding their operations in Panama. A master unplanned community, Costa del Este is minutes away from downtown Panama City and Tocumen International Airport, the “Hub of the Americas.” Costa del Este is also popular with digital nomads, who are also pouring into the capital looking for comfortable rental units.

Currently, in Costa del Este, Empresas Bern has three residential towers under construction, but one, Arcadia, is essentially sold out. The second, Nogal has limited inventory for one-bedroom apartments but a good selection of two- and three-bedroom homes. The third building, Generation Tower, is in pre-construction.

Nogal Tower at Costa del Este

“Rent for three-bedroom units are running around $3,000 monthly, and they are in high demand,” Bern said. “We have the Nogal project underway and have made some changes to offer three-bedroom units at a price-point for a two-bedroom apartment but with a three-bedroom rental income stream.”

While Nogal is designed for the investor and the individual seeking a home, Generation Tower is intended primarily for the investor. An on-site hotel management team is the perfect answer for investors looking to capitalize on Panama’s increased tourism, business executives looking for more space than a traditional hotel, and employees wanting a residence with hotel amenities.

A 40-story building, Generation Tower, will have retail on the two lower floors and residences on approximately 31 floors and social areas, running tracks, pools, and a business center on the remainder, including a rooftop area designed to capitalize on the stunning views of the Pacific Ocean and Panama Bay.

Generation Tower Model Apartment

Nogal offers open-concept living, including floor-to-ceiling windows and large balconies that seamlessly flow with Panama’s natural flora and fauna. Its location makes it attractive to residents who embrace the European concept of walking to shops, restaurants, and sports venues. The Central Park and the Town Center Mall complex, including the new internationally affiliated Johns Hopkins Hospital, are also within walking distance. Nogal’s sister tower, Parkside, has been fully booked since it was completed and maintains a waiting list for residential rental units, indicating an appetite for Nogal’s residences.

With on-site management and highly sought-after amenities, Nogal and Generation Tower are ideal for investors looking to establish a base in Costa del Este. 

Want to learn more about property investment opportunities in Costa del Este? Contact us now at sales@puntapacificarealty.com