According to a recent press release by Property Abroad, “Panama property prices will be growing rapidly again as early as this August”.
The site claims that because Panama has been less affected by the worldwide recession than other countries, there will be significant opportunity to be had. The Panamanian property market-thus far- has remained fluid due to American retirees.
According to a market analyst with Property Abroad, “Panama property is still selling at a steady rate to American retirees and lifestyle buyers. Prices have been largely unaffected by the global downturn, because there has hardly been a downturn. Around the world people are realizing that property investment opportunities still exist abroad”.
Europeans are attracted to Panama, due to better interest rates and returns. It is suggested that if the pound continues to strengthen, Panama will be even more desirable.
Properties in Panama start at under $100,000 US.
Interested in property in Panama? Visit Panama-Land-for-Sale.com to see land and properties for sale in and near Panama City, Boquete, Colon and Portobelo. Click here for more information.
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The rise is due to ever increasing interest from investors and businesses from other counties who are escaping their own local economic collapse, to buy a property in Panama. Panama is the perfect safe house from any economic problems.
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