Real Estate in Panama

trixie · 02-13-2007

Aside from an online business they said that Real Estate investment is also a lucrative business in Panama. Could you share some ideas about this?

Laura · 02-15-2007

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.

talulla · 02-18-2007

I'd also like to know more about real estate investments in Panama. Anyone got any experience and made some big bucks?

rick · 03-01-2007

I think the time of big profits is over, there are too many apartments houses being built and most buyers appear to be speculators.

abu · 03-03-2007

Interesting... all my friends think that Panama is a "hot" destination for real estate investments and living. None of them have been there. I will go there soon and check it out.

projectpanama · 03-07-2007

Panama right now is the hottest place for investment in Properties and Real Estate. Visit: for more information about real estate in Panama.

projectpanamarealestate@yahoo.com

cessy · 03-07-2007

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.

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.

realtor · 03-08-2007

I created a weblog to use my spare time and learn about real estate myself.
I am programmer and webmaster, but i am taking this real estate boom in panama as an opportunity to make extra cash.

I am selling a property in Volcan Chiriqui,
it has great potential for developing eco tourism.
It has almost 900 hectares.

Also my family is selling a property in Bugaba, Chiriqui. It has 10,000 square meters . There is a car workshop, a carwash, a restaurant and a body paint shop. All of them running and making money.
I will post the pictures later .

please take a look in Panama real estate

trixie · 03-29-2007

Quote:

Originally Posted by rick

I think the time of big profits is over, there are too many apartments houses being built and most buyers appear to be speculators.

Well I guess the one who profits well are those who invested earlier. But business minded people can still think and find a good place for their investments. They only need the effort to find one.

Stuart · 05-02-2007

Is anyone familiar with the development Altos del Maria in the mountains?

GordonS · 06-08-2007

Some of our friends are investing in a place called Malibu Beach Resort. Its a gated community on the beach. Has anyone heard of this property? We are considering retiring to Panama but don't want to invest in something not yet built. Have any of you purchased something at pre-construction prices and had good experiences?

dan80 · 06-17-2007

Quote:

Is anyone familiar with the development Altos del Maria in the mountains?

Yes... it's a nice middle class development about 90 minutes from Panama City. Their website is here. There's a lot of hype out there from the usual suspects but I think you should check it out in person to be sure. It's an okay place to retire, but if you come and go it's a bit too far away from Panama City for my taste.

dan80 · 06-17-2007

Quote:

Some of our friends are investing in a place called Malibu Beach Resort. Its a gated community on the beach. Has anyone heard of this property? We are considering retiring to Panama but don't want to invest in something not yet built. Have any of you purchased something at pre-construction prices and had good experiences?

The market is pretty overheated by now and my guess is that some developments will never get built. I would only invest after construction has actually started but that's me. You will of course get a better price if you get in earlier.

I never heard about the Malibu Beach Resort and I can't find a website for it either. Do you have more details?

cooltraveler2 · 06-26-2007

By investing in such, you risk it not getting developed. I recommend spreading your investments between various projects. That way if one doesn't get build, you can fall back on the others.

GordonS · 06-27-2007

Out of curiosity,is there any form of reimbursement or garantees for investors in planned developements? By the Panama government?

Title insurance apparently is available in Panama I presume applies only to purchases of existing real estate, right?

craigguy · 07-05-2007

I don't think there are any standard securities for investors. Investing involves taking risk. However, any given deal will have it's own clauses and arrangements. Insurance is probably available for most types of investment. That insurance may be available from the government or a private company, either way it probably costs money to get.

aqsherlock · 10-01-2007

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MRWOOHOO · 10-01-2007

I am looking myself for something to purchase and I have decided that I plan to avoid the condo market. I was lucky to sell my condo in Florida a couple of months ago and I am looking for raw land. Any suggestions?

seashore · 10-01-2007

Real estate works like any other investment. The fact that it is growing in popularity means that the value of it will increase, which makes it a good investment, which in turn causes it to continue to grow in popularity. Be careful though, because eventually the market will become overvalued and then it will peak and then there will be a recession.

MRWOOHOO · 10-04-2007

From what I have been able to observe watch out for overly expensive homes or apartments/condo's. Same exact thing as Florida, to much speculation. You really dont need to spend $250K on a house or condo. I see beautiful homes in downtown Boquete going for $130-150K and that is about as safe and premier location in the country. If you are a person that is retired from the USA and you want to feel safe, secure, at home, with beautiful views, flowers, fresh coffee, 24/7 grocery store (walking distance), bakery, hospital, etc. You really cannot go wrong for that money. You can do it even cheaper if you want.

themark · 10-05-2007

Those are good points MRWOOHOO.

Also, if you can find an empty lot, you can consider having a place built.