03-07-2007
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#7 (permalink)
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Senior Member
Join Date: Jan 2007
Posts: 93
Rep Power: 2 
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Quote:
Originally Posted by Laura
Hi trixie! You are right on the money there. Real estate is a great and very profitable investment in Panama. New residential buildings pop up like flowers here. Donald Trump is also building a tower here, and he must know what's profitable, right? You can buy a good apartment for $70,000 to $100,000 and a large 3 bedroom apartment in luxury style with sea view and Jacuzzi on the balcony for $100,000 to $150,00. Banks finance up to 70% (to foreigners) with low interest rates. I previously posted a YouTube clip here (at Videos) that had some details on real estate investment. You should check it out, it had some great info.
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I could imagine the scenario right now in Panama in terms of real estate. I think it is the same or even better with what’s happening now in the Philippines.
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