(International Living) From 2004-2007 around half the buyers of prime waterfront condos came from the U.S. I’m speaking at International Living’s Live and Invest in Panama Conference. One of my presentations is an overview of the real estate market in Panama. It’s not a pretty picture… From 2004-2007 (Panama’s property boom years) around half the buyers of prime … [Read more...]
Los Faros bankruptcy leading to calls for real estate regulation
(Newsroom Panama) Leading realtors in Panama are calling for reforms to the real estate industry following the $100 million failure of the Los Faros project. Hundreds of investors, lured by promises of 170% returns have only a hole in the ground and some early concrete pouring in Punta Pacifica to show. The developer, Grupo Mall, owes an estimated $100 million … [Read more...]
Overview of Property Investing in Panama
(Mypanamalawyer.com) SUMMARY : Panama City is one of the world's least expensive first-world cities. It is also among the most modern and prosperous cities in Latin America with over 3 million people. The city's array of tall skyscrapers is reminiscent of Miami. It boasts incredible shopping where almost any product from the U.S. may be easily found. During the past several … [Read more...]
Trump Ocean Club Panama already an icon
(Eye on Panama) Donald Trump has done it again. He’s managed to piss off his naysayers and, in the course of four years, construct what will no doubt be an icon and must-see in Panama. The Trump Ocean Club is less than five months from completion, and all signs point to one of the most well equipped, well designed buildings in Latin America. And it will blow the … [Read more...]
Real estate complaints most popular at Panama protection agency
(prensa.com) Consumer protection agency Acodeco reported that, in 2010, its most common complaint were ones filed against real estate developers and promoters for failing to deliver projects on time and according to specifications. The agency received 507 complaints against 248 developers. The claims were mainly for breaches of contract, demands for additional payments and … [Read more...]