Trump Gives Reasons for Panama as "Hottest Market"

Ivanka Trump was interviewed this week, calling Panama the “Hottest Market” in the world. Ivanka, the executive vice-president of development and acquisitions at U.S.-based Trump Organization is helping to spearhead a new project on Isla Saboga.

In her interview with the Latin Business Chronicle, Trump had the following to say about Panama:

• “ I have projects all over the world [and] have a unique sense of the global real estate climate and submarkets…with great conviction, [I can say that] Panama is one of the strongest, if not the strongest, real estate market. Our biggest problem is not having enough inventory. We only have a small percent of the building left”.
• “Given the global downturn, the fact that sales remain so robust is a testament to the product, the brand and Panama”.
• “It’s got a great government that really supports developers…I’m impressed with their forward thinking in bringing in new potential residents. I’m in New York and see an ‘escape to Panama’…I never saw that five years ago”.
• “Some of the tax incentives are incredibly luring to international [investors], especially as we in America are being taxed to the hilt”.
• “Panama is an exceptionally diverse and beautiful country, with an urban and well-established city in addition to gorgeous resort-type destinations.”
• “Panama is attracting [a] lot of baby boomers priced out of South Florida”.
• “We’ll be in Panama for many years after the Trump Ocean Club is ready.”

She claims that most of the buyers of Panamanian property are American, Canadian and Latin American.

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