Daily with new pressures and challenges caused by the unsteady economy, America must have a place they can escape to and call their own. While many people see the holiday as a luxury home ownership and affordable during a recession, one of the construction of new apartment houses in Bocas del Toro, Panama, made an oceanfront island has a vacation property more affordable than ever.
Located in the quiet waters of the southern Caribbean Sea, each Vista Paraiso holiday apartment house offers exceptional water views, no maintenance, and no property taxes. Bocas del Toro also offers something that most vacation homes oceanfront America could not: there is no storm. Because Panama is located below the hurricane belt, no storm ever in the country’s history. Glenn Lodwig, CFO Coral Sands Construction, Inc., said that only part of the Bocas del Toro’s stress-free attitude.
“Motto of the island is ‘tranquilo,’ which literally means ‘peace,’” said Lodwig. “But if you come to the islands, you eat and you meet someone, you could say it’s not just a slogan, it is lifestyle. People are looking for an affordable holiday escape and that is what Vista’s Paraiso.”
Besides word of mouth from happy flowers and happy holiday, Bocas del Toro has attracted the attention of several major magazines, including Reader’s Digest, Forbes, and Fortune, who called Panama “one of the top 5 places in the world for retirement living.”
Culture also represents the feeling like home for most Americans because it is the preferred currency Dollar and no anti-American reaction can be found.
“We loved everything about Panama, particularly Bocas del Toro,” said John and Jean Wheaton of Colorado. “It’s a beautiful place of the most friendly and generous people we’ve ever met. To have the opportunity to invest in a place where there at the beginning of its growth curve is something we’ve wanted to do for years.”
Vista Paraiso now accept deposits in advance of the anticipated 2010 opening. Prices start from $ 99,000 for full ownership, and the property also offers “apartel” income opportunities for owners to rent out their vacation homes when they do not use it themselves.