Panama City, Florida was Recently Named by CNN Money as one of the "Top 10 Cities: Where to Buy Now"
Panama City, FL (PRWEB) November 8, 2006 -- Panama City, located in the northwest Florida panhandle, was recently named by CNN Money as one of the "Top 10 Cities: Where to Buy Now." According to the magazine Business 2.0, Panama City, Florida was selected as the #1 place to buy real estate and has a predicted real estate appreciation of 72% over the next five years. One of the major reasons Panama City was chosen at the top of the list is the relocation of the Panama City-Bay International Airport to West Bay. The airport's rebuilding and restructuring will increase its capacity and make it easier to travel to Panama City.
In recent years, a revitalizing effort by developers has resulted in a multitude of new resorts, luxury condos, and vacation rentals for investors and vacationers in Panama City Beach which is just across a short bridge from Panama City. The beach offers 27 miles of soft white sand, excellent diving, and unique activities for the family, all within minutes of services, life-style amenities and conveniences of the city. This has opened up many opportunities for buyers to take advantage of in the local real estate market and to own their perfect beach vacation home along of the Gulf of Mexico.
Currently, ResortQuest Northwest Florida Real Estate, the largest property management and resort sales company in Northwest Florida, has many existing condominiums and vacation homes available in this desirable real estate market. ResortQuest Real Estate is offering pre-construction opportunities in the Grand Cayman Resort and pre-completion opportunities in Palazzo Resort. New properties include Celadon, Sunrise Beach Condominiums, and Seychelles Beach Resort—all opened within the last two years. Next year, Tidewater Beach Condominiums will also be available.
To learn more about real estate opportunities in Panama City Beach, call 1-800-547-0805 or visit ResortQuestRE.com/NWFL. CNN Money's full story can be found on their website at cnnmoney.com/business2.
About ResortQuest
ResortQuest, one of the nation's leading vacation rentals hospitality and resort real estate companies, provides a one-stop resource in North America's premier resort destinations, ResortQuest.com. ResortQuest is the largest marketer and management company of vacation condominiums and vacation rentals in the U.S. and Canada, based on a portfolio of nearly 17,000 vacation rental properties with a combined real estate value estimated at approximately $7 billion. ResortQuest Real Estate is one of the nation's leading real estate companies focusing exclusively on resort properties, offering superior brokerage services in the country's premier beach, ski and golf destinations. ResortQuest employs more than 4,000 people and is owned and operated by Gaylord Entertainment Co. (NYSE: GET), one of the largest and fastest growing companies in the hospitality and entertainment industries, based in Nashville, Tenn., that also owns and operates Gaylord Hotels and the Grand Ole Opry. For more information, visit ResortQuest.com or GaylordEntertainment.com.
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