What s So Hot About Panama

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Coleen Morton
6 years ago
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1 What s So Hot About Panama -

Experience/Strength of Developers Turnkey rental management and low fees Market Liquidity

2 SELECTION CRITERIA FOR GLOBAL PROPERTY INVESTMENT CRITERIA Legal System and Tax Laws Incentives for expats Stable currency denominated property Economic Growth, property Growth Experience/Strength of Developers Turnkey rental management and low fees Market Liquidity Low transaction costs HOW DOES PANAMA RATE? Good Very good USD Very good Very good Very good Yes Yes

3 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 -Harvard University, Jan 2017 without overheating.

4 WHAT MAKES PANAMA ATTRACTIVE FOR GLOBAL REAL ESTATE INVESTMENT? Strong and Steady Economy average 5.2% GDP growth in FY2017 Global Port City 4M population Secure legal system supports foreign investment Regional Financial Hub Ease of travel to North America, Central & South America, Europe Stable democratic government

5 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

6 GROWING GDP Panama is a primarily servicebased economy (+80% GDP) Transport: services Travel: Americas Canal & logistical The hub of the Business services: Over 90 International banks Free trade zone: 2 nd largest in world Influx of investment and foreign companies expats, tourists, retirees

7 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

8 PANAMA CANAL EXPANSION Added a third lane which can take Post- Panamax size super tankers, doubling the canal s capacity 403.8m tonnes of goods shipped through the canal in FY % increase on FY2016

9 Cargo through the canal increased 23 percent in the first nine months of 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 (Source: "The Panama Canal s Big Bet Is Paying Off," The Wall Street Journal, October 8, 2017.)

10 GLOBAL PROPERTY COMPARISONS Panama has top quintile rental yields, combined with low comparative ppsm, 2 nd highest market growth with a diversified services economy. Toronto: Martin Pelletier, TriVest Wealth Counsel Global Property Guide

REGIONAL TRAVEL HUB National carrier, COPA Airlines, connects Panama to 75 destinations, in 31 countries in North, Central, South America and the

11 REGIONAL TRAVEL HUB National 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

12 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 starting from March 2018

13 INVESTMENT IN INFRASTRUCTURE: PANAMA CANAL EXPANSION

14 FOURTH BRIDGE OVER THE PANAMA CANAL Connecting Panama City with the thriving Western regions of Panama by early 2021.

15 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.

16 TOCUMEN INTERNATIONAL AIRPORT EXPANSION 3 phase expansion Phase 1. Passenger terminal; Phase 2. Update equipment; Phase 3 Upgrade runways and cargo terminal. The airport currently handles over 14m passengers per annum.

17 NATIONAL TRANSIT PLAN METRO LINE LINE 1 OPENED APRIL 2014, WITH FOUR ADDITIONAL LINES PLANNED

18 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 Outlook 1

REAL ESTATE OPPORTUNITIES FOR INVESTORS Tax Breaks _ New Construction Property Tax Exemptios: Value up to $100,000: 15-year exemption Value from $100,000

19 REAL ESTATE OPPORTUNITIES FOR INVESTORS 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. Owner Financing: Ability to purchase with developer financing; up to 5x equity leverage

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

20 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 CORPORATIONS Over 120 multinational corporations have chosen Panama as the location for their Latin American Headquarters Law 41 of 2007 provides immigration, fiscal and

21 INCENTIVES FOR MULTINATIONAL CORPORATIONS Over 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

22 INVESTING WITH EMPRESAS BERN PANAMA S NO1. DEVELOPER TRACK RECORD OF DELIVERY Established: 1978 Work force started with 5 employees and now has 3,500 More than 130 projects built More than 8,000 units delivered DIVERSITY Construction Real Estate Hotels Tourism

23 EMPRESAS BERN PROJECTS

24 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.

25 FOCUS ON: COSTA DEL ESTE TownCenter Mall Opened December Shopping and entertainment precinct 130 Medical consulting rooms Office space JW Marriot hotel

27 FOCUS ON: COSTA DEL ESTE Hospital Pacifica Salud Second John Hopkins- affiliated hospital in Panama Adjacent to Town Center Mall Broke ground in November 2017, due for completion in 4 to 5 years

28 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 % deposit with developer financing available

29 Condo-Hotel style apartments in Costa del Este Adjacent to Town Center Mall Studio apartments Retail and commercial plaza located on ground floor Exempt from 45 day minimum rental laws Corporate stays minimium 10% ROI

30 Luxury condominiums located only 15 minutes from Panama City Situated on a private beach Exclusive access to Pearl Club for residents Access to the facilities of the 6-Star Westin Playa Bonita resort 1, 2 & 3 BR apartments available 30% deposit with developer financing available Ocean and jungle views available. Close to the amenities and commercial hub of Panama Pacifico

31 SHOW SPECIAL: ONLY 8 Available - $329,000 FULLY FURNISHED 103 or 107 m2 1 Bed/ 1.5 Bath

32 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 March % deposit with developer financing available

33 SHOW SPECIAL Mountain View $169,000 Unit 13 and 14 Any Floor Available Only 10 Available

34 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

35 UPTOWN- Condo Hotel Calle Uruguay Pre-Pre-Pre Launch 1 st Time EVER! ONLY 20 Available Expression Of Interest ONLY w/ $5000 Refundable Deposit Expressions of interest being taken starting at $252,000 Developer Financing High Potential ROI No property Tax for 10 Years

36 Luncheon Special Opportunity for TODAY For More Details on Turn-Key Program Limited to First 20 Unannounced Show Specials VERY LIMITED OPPORTUNITY One-On-One 20 Minute Strategy Session with Evie 1 Day Tour Friday Limited to 10 3 Day Tour Sunday Tuesday 4 Nights Accommodations At Casa Bonita Included Limited to 14 EVIE BROOKS evie@mypanamavacationrealty.com

A presentation by Evie Brooks

A presentation by Evie Brooks Welcome to This is Panama In this presentation, you ll be given the essential knowledge you need to decide if Panama is right for you The information you re about to receive