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Panama's Condo Rental Market: Is it For You?

Jun 24, 2008
Much like other condos in the world, a Panama City condo provides homeowners of Panama City with their own affordable housing. As such, there is no individual ownership of the land as it is owned in common by all the homeowners. There are usually two types of arrangement in condos. There are condo rentals where the lessee rents the unit for a specified amount, for a specified period, and specific amenities. There are condo purchases transferring full ownership of the condo itself. Whatever the arrangement, condos are preferred domiciles among city dwellers because of the relative ease with which one can rent and vacate or buy and sell the condo, among other reasons.

In Panama, you have a choice of living in the quiet countryside surrounded by Mother Nature. Most Panama visitors enjoy Panama City with all its modern establishments and amenities so conveniently at hand. For most of these city dwellers, a Panama City condo best suits their needs.

Panama City condominium buildings can reach up to 40 stories, with other buildings soon to be soaring to 100 stories. With a bustling metropolis filled with locals and foreigners alike, a Panama City condo is in great demand. You can be assured that you will find the condo of your choice - from the most basic condo to the most lavish, from the lowest floor to the highest penthouse. It is all in Panama City.

A Panama City condo can offer you a variety of views depending on the location. There are condos with magnificent views of the beautiful beaches and emerald seas, condos looking out to the Canal, condos with great views of the vibrant city center, and condos that situate itself in the city center but feel like you are in the countryside. Whatever your choice, there is a Panama City condo for your taste, budget, and purpose. Are you tourist vacationing in Panama, or a professional or businessman working in Panama, or a retiree relocating to Panama, or a family starting life fresh? A Panama City condo is waiting just for you.

A Panama City condo can vary from one unit to the next in terms of amenities, services, and luxuries provided by the building owner. It can have furnished furniture and appliances, maids' quarters and bathroom, laundry room, studio room, cable TV, and phone in each condo unit. The condominium building itself can have 24-hour security, a basement garage, pool, children's play area, a mini-garden, spa, and gym. Other Panama City condo units can even have in-house maids for light cooking, cleaning, laundry, and ironing chores! With rental prices coming in as low as $60 a night to $3,000 a month, there is something for everybody's budget.

A great advantage of condos is that comparing to hotels you will feel free and in a home environment. Indeed, with a Panama City condo rental, you can enjoy life without the hassles of home mortgages and personal security concerns. You can devote your time in exploring Panama - its magnificent beaches and lush forests, the ever-bustling Panama Canal, the vibrant metropolis, the historic neighborhoods, and other tourist destinations.
About the Author
Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com.
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