what’s so hot about panama...(source: "the panama canal’s big bet is paying off," the...
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What’s So Hot About Panama
SELECTION CRITERIA FOR GLOBAL
PROPERTY INVESTMENTCRITERIA HOW DOES PANAMA RATE?
Legal System and Tax Laws Good
Incentives for expats Very good
Stable currency denominated
property
USD
Economic Growth, property Growth Very good
Experience/Strength of Developers Very good
Turnkey rental management and low
fees
Very good
Market Liquidity Yes
Low transaction costs Yes
“”
-Harvard University, Jan 2017
Panama has been one of the
fastest growing economies in
the world. Our analysis of the
growth performance in
Panama portrays an economy
that has managed to grow at a
fast pace without overheating”.
WHAT MAKES PANAMA ATTRACTIVE FOR
GLOBAL REAL ESTATE INVESTMENT?
Strong and Steady Economy – average 5.2% GDP growth in 2017
Global Port City
4M population
Secure legal system supports foreign investment
Regional Financial Hub
Ease of travel to North America, Central & South America, Europe,
Asia
Stable democratic government
SUSTAINED ECONOMIC GROWTH
Fastest Growing Economy in the Americas
▪ Steady GDP Annual Growth Rate
Stable Government, economy and banking system
▪ Pro-business policies, and foreigner friendly laws
GROWING GDP
Panama is a primarily service-based economy (+80% GDP)
Transport: Canal & logistical services
Travel: The hub of the Americas
Business services: Over 90 International banks
Free trade zone: 2nd largest in world
Influx of investment and foreign companies – expats, tourists, retirees
PANAMA CANAL EXPANSION
Over 10% of
all US
shipping is
routed
through the
Panama
Canal,
estimated to
expand to
35% as a
result of the
expansion
Main users of
the Panama
Canal:
• United States
(#1)
• China (#2)
• Chile
• Mexico
• Colombia
• Japan
PANAMA CANAL EXPANSION
Previous ships
could carry
up to 5,000
containers
and with
expansion
super tankers
can carry up
to 14,000
Added a
third lane
which can
take Post-
Panamax
size super
tankers,
doubling
the
canal’s
capacity
(Source: "The Panama
Canal’s Big Bet Is
Paying Off," The Wall
Street Journal, October
8, 2017.)
“Cargo through the canal increased 23 percent
in the first nine months of 2017. That's brought
millions of dollars to U.S. East Coast ports.
Traffic at the ports is up 29 percent. It's
become cheaper to ship through the Canal
than ship to Los Angeles and move through
goods by rail and truck”
REGIONAL TRAVEL HUBNational carrier, COPA Airlines, connects Panama to 75 destinations, in 31
countries in North, Central, South America and the Caribbean, plus major
European hubs – Amsterdam, Madrid, Paris, Frankfurt and Istanbul.
Over 230 cruise ships transited the Panama Canal in 2016-2017
GROWING RELATIONSHIP WITH CHINA
Trade office of China upgraded to an Embassy in July 2017, and Panama opened a consulate in China.
China is the largest importer of goods to the Colon Free Trade Zone in Panama
In November 2017 Panama and China started negotiating a Free Trade Agreement
Direct flights between Panama and China started March 2018
PANAMA CANAL EXPANSION
INVESTMENT IN
INFRASTRUCTURE:
FOURTH BRIDGE OVER THE PANAMA CANAL
Connecting Panama City with the thriving Western regions of Panama by late 2021.
EXPANSION OF THE
AMADOR CAUSEWAY
$300M investment to
create a tourism hub
– cruise terminal,
walkways and cycle
tracks, upgrade Bio-
Museum and
Panama’s largest
convention center.
TOCUMEN
INTERNATIONAL
AIRPORT
EXPANSION
3 phase expansion – Phase
1. Passenger terminal; Phase
2. Update equipment;
Phase 3 – Upgrade runways
and cargo terminal.
3. Over 100 new non-stop
flights to start upon opening
The airport currently handles
over 14m passengers per
annum.
NATIONAL TRANSIT
PLAN – METRO LINE
LINE 1 OPENED APRIL 2014,
Line 2 – Dec 2018 Parque Urraca to PTY
Line 3 – Albrook to Arraiijan (including
Panama Pacifico) 2021/22
Line 4 – Predregal – Via Iseral
Line 5 – Costa Del Esta – Obarrio
Lines 6 – 8 Mid to Late 2020’s
REAL ESTATE OPPORTUNITIES FOR INVESTORS
Trends
International investors continue to
see Panama real estate as a
good place to park equity due to
low holding costs, relative political
stability, and an economy that
has shown significant gains and
strong growth prospects for the
foreseeable future. World’s Best
Long Term Investment Outlook1
REAL ESTATE OPPORTUNITIES FOR INVESTORS
Owner Financing: Ability to purchase with developer financing; up to 5x equity
leverage
Tax Breaks _ New Construction
Property Tax Exemptios: • Value up to $100,000: 15-year
exemption• Value from $100,000 to $250,000: 10-
year exemption
• Value over $250,000: 5-year
exemption.
EASY PATHWAY TO RESIDENCY
FRIENDLY NATIONS VISA
• 50 eligible countries
• Permanent legal residency can be obtained within 6 months
• Prove professional or economic ties to Panama by purchasing titled property or starting a company;
• Hold $5000 in a Panamanian bank account
• Average cost of legal and government fees $3500 to $5000
PENSIONADO VISA
Permanent legal residency
Any age qualifies but must demonstrate a lifetime pension or annuity of $1000USD per month (higher for couples)
Tax exemptions for importing household goods and cars
Generous benefits for Pensionado cardholders on restaurants, hotels, travel, utility bills and some health care
HEALTHCARE
• Many English speaking, US trained
doctors and specialists
• Affordable ‘pay-as-you-go’ healthcare,
or reasonable monthly insurance plans ~
starting at $150USD per month (single)
• Able to get specialist appointments
without lengthy delays
• Accessible doctors – provide direct cell
phone numbers for contact
• Medical tourism is on the increase due to the high quality/lower cost treatment
available
INCENTIVES FOR MULTINATIONAL
CORPORATIONSOver 120 multinational corporations have chosen Panama as the location for their Latin
American Headquarters
Law 41 of 2007 provides immigration, fiscal and labor incentives attractive to multinational
corporations in key zones: Costa del Este; Panama Pacifico; and the Canal Zone.
• Samsung
• Panasonic
• Nestle
• Adidas
• Under Armour
• Procter &
Gamble
• Dell
• BP
• Heineken
• Maersk
• BMW
• Caterpillar
• Arcelor Mittal
• Pfizer
• Hoffman
• Johnson & Johnson
• Roche
Diagnostics
• Sanofi
Aventis
• Exxon
• Chevron
• Total
INVESTING WITH EMPRESAS BERNPANAMA’S NO1. DEVELOPER
TRACK RECORD OF DELIVERY• Established: 1978
• Work force started with 5 employees and now has 3,500
• More than 160 projects built
• More than 8,000 units delivered
DIVERSITY• Construction
• Real Estate
• Hotels
• Tourism
➢ FOCUS ON:
REAL ESTATE STRATEGY
Streams of Income:
#1. Evie’s Trio Test
#2. Demographic
#3. Future Growth –
(Planning Commission)
#4. Current GDP &
Market Condition
#5. Worst Case Scenario
#6. Potential Markets
Note: $ is made in the buy
EMPRESAS BERN PROJECTS
FOCUS ON: COSTA DEL ESTE
Costa del Este, located just 5km east of Panama City center, is the New Heart of Panama City.
▪ Planned Community - wide streets, underground cabling, green spaces; oceanfront walkways
▪ 15 minutes from Tocumen International Airport
▪ Hub for multinational corporation headquarters as a result of zoning, subject to Law 41. Also a residential hub for executives and their families.
▪ Significant investment in development and infrastructure
FOCUS ON:
COSTA DEL ESTE
TownCenter Mall
• Opened December 2017.
• Shopping and entertainment precinct
• 130 Medical consulting rooms
• Office space
• JW Marriot hotel
FOCUS ON: COSTA DEL ESTE
Hospital Pacifica Salud
Second John Hopkins- affiliated hospital in Panaa
Adjacent to Town Center Mall
Broke ground in November 2017, due for completion in 4 to 5 years
EMPRESAS BERN
PROJECTS IN
COSTA DEL ESTE
• PARKSIDE: Costa Del Esta:
• Existing Building – 1.5 year old CURRENT WALK IN
ROI 6.5%
• Existing tenant paying $2000 a month through May
31, 2019
• FULLY FURNISHED at $370,000 of which $27,000
spent on furnishing
• List Price is $428 UNFURNISHED –
• $85K Walk In Equity
• 1 Bedroom Unit convertible to 2 bedroom 125 m2 –
• HIGH FLOOR (Creates Forced Equity If complete
2nd BR)
• HOA $219 p/m
• 5.8% ROI
• No Property Tax for 3.5 years approximately 2022
• Long Term Rental Only
• SHOW SPECIAL: • MIRADOR: Costa Del Esta - Existing Building –
Move In Ready • 200 m2 $550K close out special (List Price
$716K)
• $166K walk in equity
• Long Term Rental Options for $3200 - $3600 a
month
• $350 HOA p/m
• 6.4% ROI at $3400 a month (including 25K
for furnishings)
• No property tax for 3.5 years (2022)
• Condo-Hotel style
apartments in Costa del
Este
• PRE-CONSTRUCTION
• Adjacent to Town
Center Mall/ Johns
Hopkins Hospital
• Studio apartments
• Retail and commercial
plaza located on
ground floor
• Exempt from 45 day
minimum rental laws
• Generations Tower: LOWEST PRICE UNIT in Costa
Del Esta PERIOD!!!
• PRE-CONSTRUCTION OPPORTUNITY – Completion
Date Anticipate in 4.5 – 5 years
• ONE Unit Only at this price $195K for 53m2 – List Price $227,00 (Market is middle income Panamanian’s income earners) Monthly Rental is $1000 - $1,400
• Short term rental is possible as well)• Walk in Equity $32,000• Funds Needed: 10% down now $19,500, 10% in 12
months, 10% in 24 months – Balance at completion via cash or bank financing
• Furnishings 15,000• HOA - $265• No Property Tax for 10 years from date of completion
• ROI – 5.35% Long Term or $85 p/n @ 60%
occupance 7.35%
▪ Located in Costa del
Este
▪ ‘Condo-hotel’ concept
▪ Exempt from the 45 day
minimum rental laws
▪ Close proximity to Town
Center Mall
▪ Studio, 1 and 2 br
▪ 70 and 76m2 apt’s
▪ Delivery in 2022
▪ 10%, 10%, 10% deposit
with developer
financing available
▪ Medical Tourism
Program
FOCUS ON: VeraCruz/Casa Bonita
Industrial Park Across the Way at Panama Pacifico where 3rd Metro Line is coming across street from Playa Bonita
2021/22 New Bridge coming to Panama Pacifico Area Across Street From Playa Bonita
New Golf Course being build across street from Play Bonita
New Cruise Terminal Coming 2021/22 at Amador
ONLY True Ocean Front Property anywhere in the city with beach access
One of top rated resorts in all Panama
• Luxury condominiums located only 15
minutes from downtown Panama City
• Situated on a private beach overlooking
Pacific / Panama Canal
• Exclusive access to Pearl Club for
residents
• Access to the facilities of the 5-Star
Westin Playa Bonita resort
• 40% deposit with developer financing
available
• Ocean and jungle views available.
• 10 minutes from the amenities and
commercial hub of Panama Pacifico
• SHOW SPECIAL: • ONLY 2 Available
- $315,000 (List
Price $490K)
• 103 or 107 m2 – 1
Bed/ 1.5 Bath
• SHOW SPECIAL:
• ONLY 2 Available• CASA BONITA – VERACRUZ – 15 minutes from
Down Town Panama but away from traffic
• Existing Building Final Close Out – 4.5 years old
Pacific Ocean / Panama Canal Ocean View
• 103 m2 or 107 m2 $315K (List price $490K).
Equity $175K / Lets cut that in half so $87,500
Walk in equity
• Funds Needed: 40% down $126K
• Furnishings $22K average
• Balance of $189K with owner finance = $1660
including club dues and HOA
• No Property tax for 13.5 years
• Projections of 60% occupancy at $125 nightly =
5.91% ROI with Large Walk In Equity of $87,500
• SHOW SPECIAL: • 2 Re-sales 2 BR
2.5 Bath Fully
Furnished
• Ask Evie for more
details
FOCUS ON: Gorgona/Coronado
Largest Ex-Pat Community in
Panama
Brand New Building starting to
deliver in Sept 2018
Amenities Galore w/ Direct Ocean
Access
Only 45 minute – 1 hour drive from
downtown Panama
▪ Absolute beachfront condominium
▪ Resort style amenities
▪ 1 hour from Panama City in Nueva Gorgona
▪ 10 minutes from the conveniences of Coronado
▪ Large expat community
▪ Apartments ready for delivery September 2018
▪ 30% deposit with developer financing available
▪ SHOW SPECIAL▪ Mountain View ROYAL PALMS – Gorgona –Mountain View Unit at $169,000 (List
Price $251K) . Lowest Price units in the building currently are $199,000. So approximately $30K equity walking in the door.
Funds Needed: 30% Down $50,700
Furnishings $20 – 28K depending on your desires (We will use $22K for purposes of ROI)
Balance of $118,300 with owner finance = $789 Approximate monthly payments
HOA $105 p/m
No Property Tax for 10 Years starting July 2018.
Projections of 50% Occupancy at $95 a night = 9.09% ROI including cost of furnishings. Plus Walk In Equity of $30K
NOTE: We Expect Occupancy and rental rate to be higher –“Under Promise and Over Deliver” -
UPTOWN- Condo Hotel Calle
Uruguay Heart of Government
funded urbanization of
Calle Uruguay. $ 29.6
Million Investment
Panama City's New
Entertainment District
Condo-Hotel with
onsite property
management
UPTOWN- Condo Hotel Calle Uruguay
Pre-Pre- Launch – 1st Time EVER offered
exclusively at LIOS Conference in
March! ONLY 9 left
Expression Of Interest ONLY w/ $5000
Refundable Deposit
Expressions of interest being taken
starting at $475,000
Lock-Out (2 rental units in one)
Developer Financing
High Potential ROI
No property Tax for 10 Years
DOWNTOWN PANAMA
EVIE BROOKS 404-408-4445
evie@mypanamavacationrealty.com
• Luncheon Special Opportunity for FRIDAY – For More Details
on Turn-Key Program – Limited Availability – Please visit
booth
• Show Specials VERY LIMITED OPPORTUNITY
• One-On-One 20 Minute Strategy Session with Evie
• 1 Day Tour & 3 Day Tour –(Accommodations At Casa Bonita
Included)
• For Information on Tours please visit:
• www.mypanamavacationrealty.com/events
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