Enjoy the Caribbean without the Hurricanes
The Caribbean Sea is possibly the world’s most beautiful body of water. It’s light color sands, lush jungle canopy cover, and its bathwater ocean temperature makes it the ideal setting for the famous Corona commercials. Yet, during a portion of the year the Caribbean is in a state of alert.
During the rainy season the majority of Caribbean beachfront lays within the Hurricane effect areas. Hurricanes cause numerous different emotional and financial headaches for property owners. Emotionally, residents during Hurricane season are continuously monitoring weather reports in fear of having to evacuate their homes. Financially, residents must pay increased insurance premiums and other additional insurance coverage associated with being in a high risk area. In both circumstances, owning a piece of tropical paradise is made a bit harder than it could be.
(affected hurricane areas)
But what if you could own that piece of tropical paradise without fear of a Hurricane? Well, Bala Beach is located on Panama’s Caribbean coast where there is no risk of Hurricanes. As a matter of fact, never in recorded history has a Hurricane struck Panama. Panama is located far enough to the south in which Hurricanes push towards the north making it one of the main deciding factors in favor of building the Canal here.
Bala Beach enjoys the natural beauty of the Caribbean while eliminating the financial and emotional anxieties. This makes Bala Beach affordable and worry free!
Panama & Caribbean Investment: #5 We are offering condos under 99K!!!
Here at Bala Beach have recognized a problem both in Panama and worldwide for that manner: Why are beachfront homes with ocean views only accessible for the wealthiest among us?
Typical beachfront developments that include an ocean view range in price from $300K well into the millions. These are beautiful developments that overlook the tropical oceans of Panama. However, these developments are priced out of range to a sizable majority of potential residents looking for a place on the beach either in Panama or elsewhere in the Caribbean. The units that are affordable are second tier units without ocean views or are set off of the beach.
Buying affordable beachfront condos with ocean views doesn’t have to be this way. People can have a world class beachfront community with all the amenities and ocean views for an affordable price. Bala Beach delivers beachfront for under $99K! A full 60% of the units offered are under $150K and even the 2 story penthouse lofts with rooftop terraces are priced in the low $300k.
Nay-sayers will protest “Well Bala Beach has to cut back on the amenities to sell at that price.†Not true. Bala Beach is raising the bar for standard amenities here in Panama and this is how:
Floor to ceiling glass windows with views instead of only small viewing windows.
Open American style kitchens and floor plans instead of closed-in Latin style.
Large balconies overlooking the Caribbean instead of cherry picker sized ones.
Hardwood flooring instead of tile flooring.
Natural stone countertops instead of Formica.
Basin style sinks instead of sunk steel sinks.
2 story world class health and wellness center with onsite nutritionist, personal trainers, machine and free weights, yoga and other exercise classes instead of unused condos with a couple of medicine balls.
Our philosophy is to get people from around the world onto the Caribbean for an affordable price. This philosophy does not only try to serve a high minded purpose, it has a business practicality component to it as well.
We know from market research what the average John and Jane Doe getting off the tarmac are able and willing to spend. These people want to live or have a second home/rental property on the beach but do not want sell a member of their family to afford it. With our prices now and even after the forecasted property appreciation, we will offer affordable units to 80% of the John and Jane Does of the world.
To the Panama and/or real estate investor, you are able to buy into a development, receive property appreciation, and still be able to resell or rent to the masses thus vastly increasing your number of potential customers. Where as having a million dollar unit, you have a lot of property appreciation on paper, but you have a very small market of people to sell for.
Bala Beach has brought beachfront back.
Beachfront Condos, Starting From the Ground, Up
This past week marked another milestone for the Bala Beach Resort in Maria Chiquita, Panama as heavy equipment began operations to install primary infrastructure on site. Before any individual buildings can be constructed initial water and electric channels must be completed. The access road is already in place and fully functional since June, allowing for trucks and bulldozers to enter onto the beachfront and start with the new task at hand.
A new full time construction workforce will be a common sight alongside this small section of Panama’s Caribbean coast, joining the team who had already been regularly cleaning and maintaining the sandy beach. New changes are already evident as small sections of land are being cleared in order to prepare for the storage of the construction materials. The heavy machinery is beginning to open up pathways which will allow for the drilling of freshwater wells to provide clean drinking water for the resort. Other operators and equipment are starting to mark and dig out new spaces to put in electric and natural gas lines.
The dramatic change in the landscape of this small Caribbean fishing village is just now beginning to take form. After making many trips to the Bala Beach site without seeing any heavy work being done, it was hard to imagine how this raw piece of land would be transformed into the foundation for a large residential development composed of an orchestra of multiple concrete structures. But now with just a little bit of deisel powered action taking place, Bala Beach is taking its first steps toward its final goal.
It is an exciting time to be in Panama and especially exciting if you are in any way following or involved with the progress at Bala Beach. Development and opportunity are on the horizon, and the coming months will start this project on its way to becoming a reality. Almost all of the work still remains ahead of us, but from these first days forward, it will be easier and easier to imagine a new life in Maria Chiquita and at Bala Beach.
To see more visit www.balabeach.com
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