A
andyk2
New Member
Panama Aparthotels
The (marketing) figures you quote are based on 60% occupancy. If 70% was maintained, the return to what is physically invested is 18.50% in year 1, rising to 22% by year 7. Initial (only) investment required is about $110.000 and the maintenance fees, service charges and other assorted costs are taken out before calculating the ROI. You can still make a little money on occupancy as low as 41%.
There is no income tax (on this project) in Panama for 15 years and no property taxes for 20 years, although there is CGT at 10% (as a private, individual investor) rising to 27% if the Government think you are a "real estate trader". Because of these benefits, it could make a lot of sense getting involved in a project such as this rather than the city condos.
Let me know if you want more info.
Andy
I have seen this investment too, and like it very much (can tell it´s the same because you have quoted much of what´s in the brochure). Panachuk quotes very high occupancy rates, but that is for Panama City. This project is a "touristic" government scheme (like Jardin de Fleur on Saidia, except with bank guarantees!) which should generate 70% occupancy.I was sent an info pack on hotel room investment in Panama. $65K gets you a studio, $100K a 1 bed apartment. Growth approx 20% / yr at the mo, 70% of room rental paid to the investor (although no gt'd yield - predicted 15%+) and obviously capital growth on top. 30% dep (£10K approx) for a studio and the rest with a mortgage seems a pretty good deal. No CGT for 20yrs also.
Anybody ventured out that far?
The (marketing) figures you quote are based on 60% occupancy. If 70% was maintained, the return to what is physically invested is 18.50% in year 1, rising to 22% by year 7. Initial (only) investment required is about $110.000 and the maintenance fees, service charges and other assorted costs are taken out before calculating the ROI. You can still make a little money on occupancy as low as 41%.
There is no income tax (on this project) in Panama for 15 years and no property taxes for 20 years, although there is CGT at 10% (as a private, individual investor) rising to 27% if the Government think you are a "real estate trader". Because of these benefits, it could make a lot of sense getting involved in a project such as this rather than the city condos.
Let me know if you want more info.
Andy