Today’s Financial News posted an article entitled “Three Top Real Estate Profit Plays for 2009….Among the picks? Panama, of course!
Ronan McMahon, a self-proclaimed active real estate investor that contributes to the International Living newsletter, looks for international real estate opportunities around the globe.
According to McMahon, amid the worldwide global recession, there are still real estate deals to be had. McMahon lists Fortaleza, Brazil at the #1 post, Panama City, Panama at #2 and Costa Rica’s Southern Zone as #3 for making money off of your real estate investment. The Make Money Pick #2, Panama, has been on the radar for the past few years, but as the housing market has fallen, Panama remains fairly solid.
Demand for apartment rentals in Panama is up with some rentals going for up to $500 per night. McMahon claims that “well-managed and presented rentals are running at higher than 80% occupancy” and that “rental rates and occupancy have continued to skyrocket”. New condos and land have had prices slashed, now presenting a fantastic market for real estate investors.
Click here to read the article.
Interested in real estate investment deals in Panama? Visit panama-land-for-sale.com to see the unbelievable Panamanian real estate deals offered. Listings include condos, businesses and land deals in Panama!
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