Читать книгу Cashing In On a Second Home in Central America: How to Buy, Rent and Profit in the World's Bargain Zone - Tom Hammond Kelly - Страница 17

Punta Pacifica (a former airport) is new, with every square inch of land under construction. It offers new high-rise developments from major and well-known multinational developers, with spas, marinas, penthouses and other amenities that make it seem like a mini South Beach in Miami. The newer projects offer parking and high levels of security. The buildings are all striking and the area has an exclusive feel to it, although it is short on sidewalk and street life. But it has easy access to nearby downtown and entertainment, health care, restaurants and anything else you can imagine. Prices tend to be steep in this neighborhood, with many of these condos pricing out at the top luxury level. It remains to be seen how this neighborhood will look and feel when completed; but it appears to be on the rise—in more ways than one.

Buyers who want to be near Punta Pacifica but seek a more established neighborhood may opt for nearby Punta Paitilla, where buildings are older and the area is more established, with tree-lined streets and more affordable prices.

Another main artery with easy access to Punta Pacifica is Balboa Avenue, which is Panama’s version of Michigan Avenue (Chicago), Sunset Boulevard (Los Angeles) or Park Avenue (New York). It’s the city’s main drag, with the ocean on one side and high-rises on the other. It connects Punta Pacifica with Casco Viejo and all points beyond. Several parks line the waterfront with a nice walking area. Parts of Balboa Avenue might look run down with old warehouses and buildings—but looks can be deceiving. These vacant and under-utilized properties will soon transform into modern and attractive high-rises, with oceanfront views of ships and boats and a world-class skyline within walking distance to nearly every possible amenity. This high-profile area is also definitely worth a look.