The residents of the area love it for the many benefits it has to offer, such as a diverse and rich culture, amazing natural surroundings and an incredible night life. Since the early 2000s, Panama City Beach has witnessed a significant change in its appearance and real estate. It is considered to be one of the best places when investing in real estate in the US.
Things To Do:
The city, with its wide range of activities, has a lot to offer to all age groups. While families will love the animals of the zoo world and the activities at the massive Shipwreck island water-park, singles will not want to miss the nightlife of the Panama City beach. It is a haven for golf enthusiasts because golfers can treat themselves to top rated courses of the area. People can also fish, canoe and enjoy the nature walk experience at the St Andrew’s state nature park. The city is very popular for its 27 miles of the ocean front. The Bay point marina is a heaven for people interested in boating and fishing. Campers can also savor the adventures of the camping sites in and around the Panama City beach.
The Real Estate Boom:
The replacement of old motels and homes with expansive houses and high rise condominiums brought a construction boom in the Panama City Beach area in the early 2000s. Since then many of the beachfront properties have quadrupled in their respective values. In the year 2006, CNN even announced the area as the top most real estate market in America.
Panama City Beach has great avenues for people looking to invest in beach front condominiums. These condos can be rented out on a long term basis or short term basis as a vacation spot. Because the area is visited by tourists from all around the world, especially in the spring season, the rented beach condos generate a good return for the owners. While most condominiums have a rental office, others employ the services of rental management agencies. After the opening of an international airport in the area, investors are thronging Panama City Beach to exploit the real estate opportunities it has to offer.