In the News from Panama

Costa del Este Property Market is Hot

As Panama City property continues its post-COVID surge, Costa del Este remains one of the city’s hottest markets.

The fast-growing stretch of waterfront towers offers many of the elements sought by today’s buyers and renters, especially the executives working for the capital’s many multinational corporations. Located minutes from downtown Panama City, Costa del Este is a walkable community with its restaurants, shops, schools, and nightlife.

In the current market, there is a limited supply of quality, ocean-view apartments available, with several new projects in the pipeline. For buyers settling into Panama City or long-term investors, it’s a nice convergence of quality and competitive prices, with a lot of value available for the money.

One of the most popular projects these days is Nogal, a 43-story tower in a prime Costa del Este location. Prices start in the $300,000s for beautiful apartments with an easy stroll to great restaurants and shops. And even in that price range, it’s still Costa del Este, which means quality apartments and rents that are expected to start between $2,300 to $2,800 per month, which is getting the attention of investors.

Here is another example of the type of quality available in Costa del Este. In the Upper East Tower, a LEED-Gold-certified residential building, a spectacular 3-bedroom, 3.5-bathroom apartment with maid’s quarters is available for $1.45 million (or it rents for $6,500 a month).

The 406-meter apartment is beautiful with tall windows, wide ocean views, a big patio, and top-of-the-line touches throughout. For example, there is a private elevator lobby with super-fast elevators. Inside, there are elegant stone countertops, Miele appliances, custom oak bookcases, and an expansive private outdoor living space.

The tower is one of Costa del Este’s best, with a commitment to environmental design and energy efficiency. There is also an impressive array of amenities including an infinity swimming pool, a fully equipped gym, tranquil massage rooms, a tennis court, a basketball court, a barbecue station, a playground for children, and a steam room.

It’s these types of quality homes in a waterfront setting that make Coste del Este so popular There is also a strong sense of FOMO —fear of missing out — driving the market. The supply of top units is limited, which has helped create energy when they hit the market.

Interested in Coste del Este? Don’t be left out. Many of the best opportunities are getting snatched up.

Contact us now for a full list of available units — many that are not publicly listed.