Luxury Living Near Panama City: New Real Estate with Outstanding Connectivity

Undoubtedly, one of the best places in Latin America today can be found right between Colombia and Costa Rica, in the isthmus of Panama. A few weeks ago, Mundo had the honor of attending a gala launching a new project of luxury living near Panama City.

Projects like this abound in the capital of Panama, but this one has drawn our attention because of its convenient location. 

Today, we write about this project and why we believe it's nested in a privileged area with enormous growth potential. We shouldn't lose sight of Panama’s drawbacks. Although we love this country and we consider it one of the best, there are things to think about and we believe this project might bring the answer. 

Welcome to a new chapter in Mundo’s blog, in which we’ll explore the outskirts of Panama. Are you ready to cross the Bridge of the Americas? We'll meet you on the other side!

Panama through the Bridge of the Americas

Panama has territorial taxation, a vibrant cosmopolitan environment, plenty of advanced developments, free zones, and many other perks. The lifestyle in Panama is one of the best in the region and Latin America, but foreigners do find certain things surprising when they come here. One of them is traffic. 

In rush hour, traffic jams can be severe to the point in which you just sit in your vehicle for several hours. This is why people living on the outskirts have a challenging time getting to work in the morning or back home in the afternoon.

Where is Panama Pacifico?

The Bridge of the Americas, for example, connects Panama City itself with important urban areas like Veracruz, Arraijan, and Panama Pacifico. Where is Panama Pacifico and why is it important? This is an area that hosts a modern development and where a special economic area has been established. Being only 30 minutes away from the city center through the Bridge of the Americas (with no traffic), this constitutes an excellent location.

Luxury Living Near Panama City through the Bridge of the Americas

Now, when it comes to real estate, this whole area has immense potential. It grants the possibility of luxury living near Panama City yet away from the downtown area and closer to the beach. Here, it's possible to live in a quiet environment while maintaining connectivity through the Bridge of the Americas. 

The problem arises during rush hour, in which 30 minutes can easily become two hours, but fortunately, there's a solution. 

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Beyond the Bridge of the Americas: Major Infrastructure Projects Promise Better Connectivity 

In the area where is Panama Pacifico right now, there are key infrastructure projects in process, that will provide smoother access to and from the city. 

One of the current projects focused on this area is the creation of Line 3 of the metro. This line will complement line 1, which connects San Isidro with Albrook, and line 2, which connects 24 de Diciembre with San Miguelito. Line 3 will cover 15 miles from Albrook to Ciudad Del Futuro, in Arraijan. The project is estimated to transport 20,000 passengers in rush hour, which would considerably reduce traffic. Luxury living near Panama City suddenly became more interesting, didn’t it?

Another ongoing project is an enhancement of the Panamericana road. From Panamericana there will be a detour that will lead straight to Panama Pacifico. In this case, the project is in an advanced stage with 80% completed. By adding eight lanes it promises better connectivity and easier access.

Besides the Bridge of the Americas, two other bridges connect Panama City with the surrounding districts: Centenario and Atlantico. A fourth bridge is already under construction on the west side of the canal. When built, it will provide another way for Panamanians to get away from the urban noise. All of these will surely alleviate the heavy traffic, especially on holidays and long weekends when everyone's trying to leave the capital to visit the beach. 

Why Luxury Living Near Panama City Is More Convenient Than Ever

In this context, presenting a real estate project in the area becomes exciting news. There is such a project, and it’s so coveted that, having recently been launched, many of its units were set aside. Our readers already know about this project because we went to its launch gala at Panama’s Westin. 

If you look where is Panama Pacifico on the map, you'll find the location of this project less than 2 miles away. Located in Playa Bonita village, it’s close to the beach and the capital city, and also tourist places like the Causeway, Casco Viejo, and Cinta Costera. The expansion of the Tocumen International Airport is 25 miles away. 

The project itself will have advanced facilities including spas, social areas, a fitness center, and an exclusive beach club, but the best of it all probably lies in the area's potential.

Ten years from now, this part of Panama will be different. The metro will bring more business, higher activity, and new infrastructure. Traffic is expected to be improved thanks to the new roads and bridges, and this will attract more people to the area. It will be a matter of time until this translates into even more real estate projects, and the ball will keep rolling.

Mundo believes this is the best time to enter this project while it's still at preconstruction costs and where the area is still under development. This won't be like this for long, so this is an outstanding opportunity for those who want to experience luxury living near Panama City.

In this project, there's something for everyone: those who are looking for a place to live and those who are looking for a profitable investment. At this particular phase of the process, the ROI can be more appealing than at later stages.

Disclaimer: this article is published for general information purposes only, therefore, this article does not constitute real estate or investment advice. The characteristics of the project may change or may not be 100% accurate, and the potential of the area is speculative. Recent updates, prices, and accurate information about the project will be provided only during formal consultations. 

Luxury Living Near Panama City Is Getting Better by the Hour

If you live or have lived in Panama City, you know what we mean when we mention traffic issues. The capital of Panama is surrounded by tranquil neighborhoods and magnificent scenery with beach access. Now, this doesn't have to feel like the end of the world anymore, thanks to the Bridge of the Americas, and to the three projects that promise enhanced connectivity. 

In simple words, luxury living near Panama City has never been so interesting, especially if you enter at the right moment.

At Mundo, we enjoy close connections with this project's developer and many other developers, agents, and consultants. We'll be happy to guide you in the purchase of real estate, the application for residency, the opening of bank accounts, and company registration. Just send us a message and our team will contact you.

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