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Buying Real Estate in Panama for Investment
April 13th, 2010
According to Property Wire “Meanwhile Panama is experiencing a good real estate recovery as foreign buyers including Americans, Venezuelans, Canadians, Colombians and Europeans show increasing interest.
I don’t agree with the word ‘recovery’ but the market is still active, and prices have largely maintained their levels.
The article also states: “Although prices have fallen around 10 to 20%, luxury property has not seen a price decline and there is a renewed building frenzy in anticipation of increased sales.”
I would agree with the 10 to 20% price decline but disagree that luxury property has not declined – this is the property segment that has declined the most!
If you know where to look there are still bargains for Real Estate in Panama - for both individuals and investors. For large investors and/or developers especially, there are some great opportunities – but you won’t find most of them advertised, so contact us for more information.