I shared Cavarosa with our members late last year. That developer had a building on the Amador Causeway, the kind of corridor that does not come around twice in a city this size. If you were lucky enough to get in on that deal, you are already sitting on strong paper gains since the launch. The building is 97 percent sold out.
The same team just launched Nayamara on the exact same strip.
It is not too late. One price increase has happened since launch. The Bridge View one bedrooms are still available below $320,000. The Casco View and Ocean View units are thinning floor by floor, and some configurations are already gone.
The $180,000 to $300,000 segment is the strongest performing price tier in Panama City right now, up 30 percent year over year. Nayamara’s entry units sit right inside that band.
Amador is a sliver of land. It does not grow. The Causeway runs into the Pacific and stops there. Casco Viejo sits at one end. Downtown is a five minute Uber. A new convention center and cruise port are anchoring the other end, so this strip gets real foot traffic year-round, not just in high season. You can count the Grade A buildings on this corridor. Once they are built, that is the supply. There is no more land to add to it.
Panama’s investor residency is one of the best in the world, so the capital chasing this corridor is not just buying property. It is buying a second passport runway too. That is why Panama is becoming the Plan B play for US and European capital, and the new alternative to Dubai for money that wants a hard asset and a quiet jurisdiction.
What I like: The same developer with a 97 percent sold-out building on this exact corridor, entry pricing still under $320,000, and a location anchored by infrastructure that is already built, not promised. On an all-cash purchase, the annual carrying costs here are a fraction of what you face in premium US markets, making the baseline break-even hurdle remarkably low.
What to watch: Pricing has already moved once and will move again before this is over. Because this is pre-construction, you need to budget for typical development timeline extensions of three to six months. Local property management selection will also be critical here to target the premium international tenant segment and maximize yield.
In my next email, I am going to drop the full spotlight on the actual layout configurations and floor plans so you can see how these units live.
If you already know the Amador corridor and want to bypass the queue, you can skip the wait. As an STR Scout member, you have a direct line to Melissa Aristizabal, the Director of International Sales.
You can book a private briefing directly on her calendar here:
Otherwise, keep an eye on your inbox for the full spotlight dropping next.
Andy Thoms
Investor Advocate | STR Scout