Riverside at Buenaventura
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Overview
A new residential phase in Panama's Buenaventura resort, featuring condos and townhouses along a river canal. Pre-sales are in progress, with groundbreaking expected in 2024.
Building/Community Amenities
- Beach Access
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Golf Course / Simulator
- Hot Tub / Jacuzzi
- Playground / Kids Play Area
- Pool
- Sauna
- Spa / Wellness Center
- Sports Court / Facilities
- Steam Room
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can own property in Panama with the same rights as locals, ensuring a secure investment environment.
Tax Considerations
Property Taxes
Property taxes in Panama are relatively low, enhancing its attractiveness to investors
Transfer Tax
purchase, there is a transfer tax of 2% of the property's purchase price
Inheritance Tax
Capital gains tax is generally 10% of the profit made from the sale of the property
Important Considerations
Restrictions
- There are no restrictions on the amount of property foreigners can purchase, offering flexibility for diverse investment strategies.
Required Documents
Financing Options
Financing Options
Financing in Panama
Panama offers a range of appealing property financing options for foreign buyers, making it a compelling destination for real estate investment. Foreign buyers can typically secure a loan-to-value (LTV) ratio of up to 70%, though this can vary based on the buyer's financial profile and the property type. Panama's growing economy, coupled with its stable banking sector, makes it an attractive spot for mortgage financing. With competitive interest rates and a straightforward property purchasing process, Panama is increasingly becoming a hotspot for international property investors seeking to diversify their portfolios.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (pay stubs or tax returns)
- 3Bank statements (typically for the last 6-12 months)
- 4Credit report from the home country
- 5Letter of employment or CPA verification
- 6Completed mortgage application form
- 7Proof of funds for the down payment
Popular Lenders
Contact Information
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sports.club@buenaventura.com.pa
Contact DeveloperMention property ID: Riverside at Buenaventura when contacting.