JERSEY CITY, N.J. (Oct. 25, 2024) – Coldwell Banker Realty is pleased to announce that Reginald Bouzy has been selected as the exclusive U.S. listing agent for three exciting new developments in Panama, representing Empresas Bern, the country’s leading developer and construction company. The developments, Uptown, Generation Tower, and Seaside House, are poised to attract both local and international buyers as Panama continues to gain popularity as a vibrant and desirable destination.

“Panama is experiencing a remarkable transformation, and I’m honored to represent these stunning developments,” said Bouzy, an agent affiliated with the Coldwell Banker Realty office in Jersey City. He is principal of The Bouzy Group and is also licensed in Florida. “My wife and I have enjoyed visiting Panama and are even purchasing a second home there, ourselves. The country’s growth and appeal make it a perfect opportunity for both investors and homebuyers.”

Bouzy is representing the following three luxury buildings, which he has listed on Florida MLS:

Generation Tower, a pre-construction condo/hotel project, offers prices starting from $178,000 and is set to be delivered fully furnished. The lower floors will be dedicated to independent living, making it a versatile option for various lifestyles.

Uptown, another pre-construction multi-use project, is located in the city center of Panama. This high-density residential project is part of the new urban revitalization area of Calle Uruguay and includes condo hotel units with Airbnb licenses for short-term rentals. With prices starting from $302,000 and an estimated return on investment (ROI) of approximately 8-11%, Uptown presents an attractive opportunity for investors.

Seaside House, also in pre-construction, features modern architecture and unique amenities, with prices starting from $219,000. Offering one and two-bedroom units between 56-64m², this development is set to be completed in approximately two years and is strategically located on Avenida Balboa, one of Panama City’s most bustling streets.

As noted in a recent article by Forbes Magazine, Panama is experiencing a renaissance as an international destination, attracting an increasing number of foreign home buyers. The country ranks as the third most desirable place to live according to Expat Insider and the third best retirement destination globally per Expansion.com. According to the Coldwell Banker Global Luxury 2024 Trend Report, nearly 40% of wealthy Americans surveyed expressed intentions to purchase a home abroad within the next 12 months, with Central America emerging as the top choice among those with household incomes exceeding $1 million.

“Panama is the world’s best keep secret. It’s like New York City on a smaller scale,” said Bouzy. “The cost of living is significantly lower than in the U.S.” For example, he said, $250,000 can get one about the same amount of house as $1 million in northern New Jersey, and that is for a luxury property with ocean views. Additionally, Panama has been free from hurricanes and other natural disasters; along with a high safety profile, Bouzy said the country is both a great vacation destination and primary residence for remote workers. Panama is about a five-hour flight from Newark International Airport and there is only a one-hour time difference from New York City. “I look forward to helping others discover the modern, economically booming paradise that is today’s Panama,” said Bouzy.

For more information on these developments and to explore the growing opportunities in Panama, visit www.thebouzygroup.com or contact Reginald Bouzy at Coldwell Banker Realty at (917) 685-0140 or rb@bouzygroup.com.

About Coldwell Banker Realty

Coldwell Banker Realty in New Jersey, New York and Greater Philadelphia is a leading residential real estate brokerage company with approximately 6,900 affiliated sales associates and 70 office locations. The organization serves consumers in New Jersey, Rockland and Westchester counties in New York, and Philadelphia and Chester, Delaware, Montgomery and Philadelphia counties in Pennsylvania. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com.