Saturday, November 15, 2008

Panama Condo's Are A Bargain!

Panama Condo's Are A Bargain!
"While Panama is not the bargain it used to be, remarkable changes have taken place to help shelter Panama from any dramatic form of real estate crash. The most exposed investors are those who speculated on more pre-construction condos than they could afford; the more recently they engaged in this investment, the more difficulty they will have finding a buyer to save them from losing their deposit money. Panama's coastal areas and cool highlands are still much cheaper than those in Costa Rica or Mexico and are likely to continue to increase in value as baby boomers retire. Over the next couple of years, Panama's government will play an important role in the rise or decline of Panama, depending on how well policies and planning are implemented to balance its economic and infrastructure development." NuWire

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