With worries of Panama’s city condo market overheating, investors are looking to lesser-known destinations throughout the country where more affordable property prices exist. While an argument can be made for some of established Panama real estate hot spots, the following is my personal list of the most current “in” and “out” investment areas.
OUT:
Panama City – Prices may not yet have peaked, but the glut of condos about to come on to the market has this writer wary that the upside may be shrinking…and fast. Many claim that new buyers arriving daily from places as diverse as China, Venezuela and Spain can keep this afloat, but I think there are safer bets out there. There is a silver lining: in the near-term, those who expect their pre-construction condos delivered soon will find the market for short and long-term rentals to be very appealing. Read the rest of this entry »
Posted by Mike | Under Panama Real Estate, Real Estate Hot Spots, Veraguas Panama
