Thread: Apartment prices in Panama City

Hi Señores and good evening.
Given the amount of empty apartments, number of units finishing and the ones in early face of construction, -I have heard that it ass up to like 44.000 new apartments coming on the market.
Can it be buyers for all of these?

If there is an average of 3 persons in each apartment it will take 14.666 persons to fill them.
Does even a minor part of this “new” people exist?
What about the liquidity squeeze on the developers?

Is it starting to fall through and possible to get apartments at very reasonable prices now?
Have anyone examples on spectacular purchases that can be done?
Then I’m thinking about under USD 750-800 pr. square meter and maybe cheaper, and in good standard.

What about the foreclosure situation and where to get them?

USD 750-800 pr. square meter is TOO MUCH MAN.
Wait, until prices fall to $300 a meter.

http://www.panamaforum.com/real-esta...html#post47357 (Where is the Panama real estate market going to go?)

Originally Posted by EdBowers

http://www.panamaforum.com/real-esta...html#post47357 (Where is the Panama real estate market going to go?)

Hi
This post from No-Non-Sense-Matis is from 10-10-2009.
This is a good and long exposition, but to really do the craftsmanship of prediction you should include the time estimate.
What elaboration in this direction do you have?

I wouldn't touch anything in Panama under a guaranteed 12-13 % rental return so I won't even look for 2 years - waste of time. Probably it's best to wait until after the election in 2014. If PRD wins I would wait another 2-3 years for the pickings.

Originally Posted by EdBowers

I wouldn't touch anything in Panama under a guaranteed 12-13 % rental return so I won't even look for 2 years - waste of time. Probably it's best to wait until after the election in 2014. If PRD wins I would wait another 2-3 years for the pickings.

-And what if Martinelli sits?

He can't, but maybe the Opus Dei Abuelo drinking Varela will.

Originally Posted by Thomas Jefferson

-And what if Martinelli sits?

closed