Casco Viejo, also known as Casco Antiguo or San Felipe, is a UNESCO World Heritage Site located in Panama City, Panama. The area, which is also known as the “old town,” is filled with historic buildings and colonial architecture that have been beautifully restored. This makes it a great place to invest in real estate, as properties here have both cultural and financial value.
One of the main advantages of investing in Casco Viejo is the strong rental market. The area is popular among tourists, who come to see the historic sites and enjoy the vibrant nightlife. This means that there is a steady demand for short-term rentals, making it a great option for those looking to invest in vacation properties.
In addition to the rental market, there is also a growing demand for luxury properties in the area. Casco Viejo has become a destination for high-end buyers, who are attracted to the unique character and charm of the area. This is a great opportunity for investors looking to buy and renovate properties, as there is potential for significant returns.
Another advantage of investing in Casco Viejo is the support provided by the government. The government has invested in the restoration and preservation of the area, and there are many programs in place to support investors. This includes tax incentives, grants, and loans for those looking to purchase and renovate properties.
La Cuadra, a luxury development located in the heart of the historic Old Town of Panama, is set to be delivered in 2023. The project features a collection of 2 and 3-bedroom apartments that offer a unique living experience for residents.
One of the standout features of La Cuadra is the impressive social area and rooftop pool. The pool offers breathtaking views of the Panama Canal, Causeway, and the entire city, making it the perfect spot for residents to relax and unwind after a long day.
Additionally, the ground floor of the building is home to La Cuadra Market. This unique feature includes a variety of renowned restaurants with different styles of food, as well as a bar. This provides residents with easy access to delicious food and drinks without ever having to leave the building.
Another advantage of La Cuadra is the ample parking available on site. This is a rare feature in the Historic Center and provides residents with the convenience of having a designated parking spot.
The social area at La Cuadra is another highlight of the development. This shared space is designed for residents to socialize and connect with their neighbors. It is the perfect place to host events, gatherings and make new friends.
In summary, La Cuadra is a luxury development that offers residents a unique living experience in the heart of Panama’s historic Old Town. With a rooftop pool and social area with incredible views of the Panama Canal, La Cuadra Market, ample parking, and a social area, this development is the perfect place for anyone looking for a luxurious and convenient lifestyle in the heart of the city.
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Asking Price: $385,500
Monthly HOA: $324