Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
Why Buy or Invest in New Real Estate Developments in Panama.
Panama is at the crossroads of North and South America, with direct access to both the Pacific Ocean and the Caribbean Sea. This makes it a strategic location for businesses and trade. For real estate investors, the country's position provides access to global markets, making it an attractive hub for international businesses and tourists.
Panama offers a range of tax incentives, especially for foreign investors, making it a tax-friendly jurisdiction for real estate purchases. For example, there are tax exemptions for new construction properties under certain conditions. Additionally, Panama’s territorial tax system only taxes income earned within the country, which benefits foreign investors.
Panama is home to a large and growing expat community due to its affordable cost of living, favorable climate, and ease of access to healthcare. This demand for properties from expatriates is pushing the growth of both residential and commercial real estate markets, offering investors opportunities to cater to this demographic.
The Panamanian government has been focusing on large-scale infrastructure projects, including highways, bridges, and public transit systems. These projects improve accessibility to remote areas and enhance property values in those regions. The expansion of the metro system in Panama City, for example, opens up new opportunities for investment in residential properties.
