Panama real estate investment: Condo vs hotel for visitors

In Panama, one can find different types of accommodation, from temporary condo rentals to monthly apartment rentals and luxury hotel suites. This is not surprising if we consider the ample real estate offers available in Panama. For the past two decades, the country has been home to luxury and innovative developments that fit both personal residencies and short-term condo rentals.

Condo vs hotel - Analyzing different types of accommodation from a real estate perspective

When comparing condo vs hotel, tourists tend to prefer the latter. In Panama, short-term condo rentals are expected to present an annual growth of 10.87% compared with last year. Nonetheless, hotels continue to be among the favorite choices for tourists. Partly this is because they are perceived as cleaner and are usually backed up by famous international brands.

On the other side of the condo vs hotel contest, one can argue that short-term rentals in apartments are cozier. 

At the Mundo editorial team, we find this topic interesting as it entails an excellent field for readers who wish to invest in real estate. Moreover, considering that the Qualified Investor Visa will increase its minimum in a few days, the real estate topic is hotter than ever.

Therefore, we invite you to compare different types of accommodation, specifically when it comes to hotel vs apartment or its fancier version: condo vs hotel.

Length of stay

Tourists tend to choose cheaper and less demanding types of accommodation for very short stays. Temporary condo rentals have a minimum stay requirement, which is usually longer than 5 days. In general, for those staying no longer than three nights a hotel offers a solution since they don't have to worry about laundry, cooking, or cleaning.

Booking in advance

Monthly apartment rentals are not a spring-of-the-moment thing. Visitors that need to travel unexpectedly find it easier to secure accommodation in hotels rather than short-term condo rentals.

Research

As we stated above, hotels are backed up by traditional brands. Words like Hilton or Sheraton are synonyms for quality and take a burden off the tourist's plate. Going for monthly apartment rentals usually requires more research to ensure a place of quality.

Having everything sorted out vs budget

One of the best advantages of hotels is that everything is solved for you. Some people prefer to have their beds made and everything cleaned up for them. On the other hand, short-term condo rentals are a better choice for those on a budget. The possibility of cooking your own meals surely reduces costs and the fees are lower since there’s no need to hire cleaning personnel.

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Condo vs hotel: Entertainment outside vs inside

Beyond budget, there's another key difference in the hotel vs apartment contest. The former, especially if they are branded by luxury names, have a variety of amenities on site. This saves you the trouble of having to move around or book tours. On the other hand, the most adventurous ones may prefer to explore the world outside the hotel. In their cases, paying extra for such amenities would make no sense.

Hotel vs apartment: different investments and options in Panama 

From the investor’s side, there's also a decision to make when it comes to purchasing an apartment. Luckily, Panama has a rich real estate market and Mundo is happy to introduce to you some of the projects. Moreover, some have the permit for short-term condo rentals already in place.

In the very heart of the city 

If you're looking to invest in short-term condo rentals, this is one project that you can't dismiss. Whether you want to live here or use it for rental purposes it constitutes an outstanding investment choice.

What we love the most about this project is its location in the very heart of the city. It's near key landmarks and points of interest including the banking center, Cinta Costera, modern pubs and fancy restaurants, Via España, and Via Argentina.

Besides being a sought-after location for visitors, it boasts luxury amenities including a spa and fitness center, a pool lounge, and a sun deck.

A place for all generations

The next project is located further away but still in an elite neighborhood called Costa del Este. Although it's far from the city center, it has fast access to a highway which will take you to the key places in minutes.

It stands out for having different types of accommodations and this includes units assigned for separate purposes. For instance, it has a program for retiree living which includes meal plans, medical monitoring, and special discounts. Other units are available and have the necessary permits for use as temporary condo rentals through apps like Airbnb.

Services and amenities include maintenance, housekeeping, an infinity pool, a theater, a social area, and even a yoga studio.

Combining urban life with nature

Last but not least, in the same neighborhood, this project will sweep you off your feet. Specially designed for high-end living, it caters to different needs. You and your guests will enjoy 24/7 security, a water tank and energy plant, and apartments of different sizes ranging from 100 to 131 square meters.

Invest in temporary condo rentals and be a part of the trend

Indeed, many people still choose hotels for their stays, but short-term condo rentals are certainly gaining popularity. They are cheaper, they provide more freedom and cozier surroundings. Moreover, any of the projects here listed can be more than an investment; they can become a home for your family. 

Hotel vs apartment, condo vs hotel, there are different types of accommodation and a variety of possible investments. There's a third option that we haven't mentioned here and it’s the possibility for long-term rents, if that's something you would prefer.

The bottom line is that Panama is one of the hottest places in the region when it comes to business and real estate, being home to a variety of advanced options in coveted locations.

Mundo is a publication for the nomad capitalist and international investor, and we are proud to say we have an extensive network of experts and partners. Thanks to this, we can bring you financial services and solutions to help you fulfill your goals. If you have any questions, just write to us and we'll be happy to assist you.

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