Panama

[Fizzypopp]

Anyone got any advice on Panama? Is this a good market and if so who buys there?

Thanks

Paul

[catalogguy]

You are certainly not early, but Panama is still way behind CR. Look for new condos in Panama City in areas like Punta Paitilla. Also Ceros Azul is a beautiful community at about 2-3000 feet elevation and stays much cooler and drier; it was listed by AARP as one of the top 10 retirement destinations outside the US. Panama offers a cheap and fun lifestyle.

Originally Posted by Fizzypopp

Anyone got any advice on Panama? Is this a good market and if so who buys there?

Thanks

Paul

[pancanuck]

Originally Posted by Fizzypopp

Anyone got any advice on Panama? Is this a good market and if so who buys there?

Thanks

Paul

I'm a Canadian who has bought here and I have done well with my investments. I have been here almost 4 years and absolutely love the city and country. Comparing it to other central/south american countries this is the closest to the States as you will find. It is super modern, water is drinkable right out of the tap anywhere in the country, wifi internet in the countryside just to name a few benefits.
I have been seeing more and more americans coming to Panama lately as well as Venezuelans arriving due to the Chavez problem. So much so that I am now selling real estate here now. If you need any advice pm me for more info.

Hi there,

Panama seems to be on the up. I read the special report in the FT yesterday, here is a link to it. If you go to the FT website and look at "special reports" you should find it.

Regarding property, it does mention in here that a lot of towers are being built in Panama City. Personally I have looked into this quite a lot and there are lots of small towers being built, however quite a few of the skyscrapers failed for various reasons.

I'm looking at investing in what seems to be the best one at the moment called Los Faros de Panama.

I found the details on findaproperty dot com in the overseas section under Panama City. From memory I think its the second one.....

Hope this helps

[pancanuck]

I sell real estate in the city and beach areas. I don't know where you've read there was a lot of projects that failed I know of only two that were halted and restarted at a later date with a change of floorplans, height and design. In both cases, 100% of the deposits were refunded to investors/buyers. About the Los Farros that is an ambitious project, I drive by it almost everday as it's near where I live. It will be a very high end hotel & casino, three towers in total and it' right in front of the MultiPlaza mall. I believe the developers are from Spain. If you are ever in the city send me pm and we can meet, cheers.

[petev]

Originally Posted by Fizzypopp

Anyone got any advice on Panama? Is this a good market and if so who buys there?

Thanks

Paul

I can advice you if you want I have already bought 3 hotel condos in .:TRUMP OCEAN CLUB:. THE OFFICIAL WEB SITE and prices have gone up instead down , I can sell one in hotelcondo side and good price they are still building 2 years more and prices goes up and you have good income with hotel pool 5 star hotel ,INTRESRED

[torchy]

I am active with investments in Panama City and the Carribean. I think Panama is the best place in the world to invest at the present time. If anyone wants a private discussion write to me at torchy6@gmail.com

Torchy