According to the press release issued by the company, the project will have 5 villas on the beach and 20 condominiums.
The total value is estimated at $ 1.5 million for the land and $2.5 million in construction, and it is hoped that it will generate sales of nearly $6 million, for a return on investment of 179%.
According to the company, "the positive side of the current state of the global economy is the existence of opportunities in undervalued assets such as Paraíso Beach."
Grupo Mariana announced the construction of a residential and tourist complex with 1350 units in Nicaragua.
According to the company, the resort, called Seaside Mariana Spa & Golf Resort, will be located near San Rafael del Sur, one hour from Managua, and will have 1350 units spread over an area of 923 acres.
The government has authorized the sale of $4.6 million worth of land for real estate development in the Tourism Sector in Amador, Ancon.
From a statement issued by the President of Panama:
"By resolution 073-14, authorization is given for the sale of plot No 14 located in the Tourism Sector Amador, Ancon, district and province of Panama, at a cost of 4 million 645 thousand Balboas for tourism development, be it a hotel, mall or shopping plaza, restaurants or cafes and offices.
Law #8 promotes tourism activities in the country by offering tax relief on imports, real estate and capital investments, to name a few.
A report by the Panama Tourism Institute (IPAT) reveals that 12 investment projects totaling $92.5 million have been approved.
This will be the last year in which capital investment projects can benefit from Law 8, a measure designed to foster investment in the country's interior, Carl-Fredrik Nordström, Assistant Manager of IPAT, pointed out.
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