Panama Real Estate Biography
The Panama Real Estate Market
Overall, the Panama property market has remained strong despite the world economic crisis. We are seeing some distressed sales from investors who are unable to close on new city condos, creating opportunities to buy at up to 25% less than developer prices. Other areas of the city and the country have been largely unaffected by the economy, due to a number of factors. Hotel occupancy remains consistently high and rental yields are rated third in the world (according to Global Property Guide). Combine this with numerous multi-nationals moving into Panama, the Panama Canal expansion, the strong banking and asset protection system, the second largest freezone, and various other large projects and the future still looks bright for Panama. Few developers seem to have dropped their prices, but there are now better deals in the used Panama Real Estate market, with a few distressed owners to be found. Panama Real Estate prices outside of the city remain very afffordable options.
ABPanama, the Real Estate Experts is a full service Panama Real Estate company, offering confidential and professional advice. We have a wide array of Panama property listings, from city condos to entire projects for sale.
Panama Real Estate
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