Baltimore, MD (PRWEB) July 24, 2012
Would-be expats and overseas real estate investors can now get onto the property ladder in Panama with just $45,000, researchers at InternationalLiving.com have found.
The properties were uncovered by Jessica Ramesch, InternationalLiving.com’s in-country Panama editor, while researching real estate opportunities in Veraguas Province.
In the picturesque mountain town of Santa Fe, Ramesch found what she described as “the best-value real estate you’ll find in any mountain community in Panama.”
One large house about 10 minutes from the village center is on sale – and it comes on a lot over 11,000 square feet with mountain views in every direction.
With four bedrooms, living room, and kitchen the property still needs to be completed. However, with a modest asking price of just $45,000, it is expected to attract attention.
Those who do buy into the area will get to enjoy more than just cut-price real estate, said Ramesch.
She continued, “The people here are really welcoming, it has a ‘best-of-both-worlds’ climate. It’s tropical, but cooled by spring-like breezes year-round.”
There are a string of other properties available. A fully-remodeled house on a nearly 1.5-acre lot in the El Alto neighborhood is one example.
The 1,200-square-foot home is private and has 360-degree views of the mountain-scape. It features two bedrooms, two baths, and a large terrace with a price of $95,000.
At a tiny development called Río Onda, on the Santa María River, Ramesch identified a nearly-completed home with land running down to a river banked by a wood.
The two bedrooms and two bathrooms are spacious (the whole house is about 1,400 square feet) and the lot is around 2,600 square feet. The asking price is $175,000.
Ramesch pointed out that the rentals available in Santa Fe are also extremely well priced.
A fully-furnished house in the heart of the village of Santa Fe rents for $650 a month. It comes with artistic mosaic work on the floors, three large bedrooms (one with balcony), two baths, and flower gardens with terrace and fountain
“It’s also walking distance from nearly everything in the village,” adds Ramesch.
To read InternationalLiving.com’s full article, see here: “Property in Santa Fe Panama from $45,000”.
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