Comments on: I’m done with Panama Real Estate http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate Property Investment around the World - Buying Investment Properties Thu, 18 Mar 2010 11:19:47 -0800 hourly 1 By: Mark Knowles http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-17414 Mark Knowles Sat, 20 Dec 2008 14:55:44 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-17414 Well, this was written November 2007, so that is hardly 2 years. Any details welcome though. Palacio de Bahia and Ice Towers failed, and there are still legal battles over deposits paid. Ongoing clashes with labor unions are an issue, the condo flipping craze is now over. Admittedly, the canal project is still pumping money into the economy, and this market is perhaps not as weak as Dubai for instance. Nevertheless, Construction permits are down 35% and condos are taking an average of 15 months to sell. The meltdown in the US market is already having an effect and gone are the days when middle class Americans could refinance back home to buy a vacation condo. Well, this was written November 2007, so that is hardly 2 years.

Any details welcome though. Palacio de Bahia and Ice Towers failed, and there are still legal battles over deposits paid. Ongoing clashes with labor unions are an issue, the condo flipping craze is now over.

Admittedly, the canal project is still pumping money into the economy, and this market is perhaps not as weak as Dubai for instance.

Nevertheless, Construction permits are down 35% and condos are taking an average of 15 months to sell.

The meltdown in the US market is already having an effect and gone are the days when middle class Americans could refinance back home to buy a vacation condo.

]]> By: Clint http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-17413 Clint Sat, 20 Dec 2008 14:38:09 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-17413 2009 is fast approaching and even with falling global economies Panama's bubble definately has not burst 2 years after this article was posted. With the current global financial problems there may be a slow down, but with the current large infrastructure projects within Panama (most famously the canal expansion), the interest is still there and properties are still selling. The country is still growing and the local economy is still strong and the banks have healthy cash deposits on hand. Many projects that have just commenced construction are probably a good buy as with the current decrease in the cost of building materials you will find that the developers are taking advantage of this and completing these projects sooner rather than later. 2009 is fast approaching and even with falling global economies Panama’s bubble definately has not burst 2 years after this article was posted.

With the current global financial problems there may be a slow down, but with the current large infrastructure projects within Panama (most famously the canal expansion), the interest is still there and properties are still selling.

The country is still growing and the local economy is still strong and the banks have healthy cash deposits on hand.

Many projects that have just commenced construction are probably a good buy as with the current decrease in the cost of building materials you will find that the developers are taking advantage of this and completing these projects sooner rather than later.

]]> By: Mark Knowles http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11459 Mark Knowles Fri, 22 Aug 2008 16:12:14 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11459 Hugo - yes, although Panama City is not alone in this problem. Most of the "emerging" markets face similar issues. A recent suggestion was that developers must build a certain amount of affordable housing along with any luxury developments, but....... Hugo – yes, although Panama City is not alone in this problem. Most of the “emerging” markets face similar issues.

A recent suggestion was that developers must build a certain amount of affordable housing along with any luxury developments, but…….

]]> By: Hugo http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11453 Hugo Fri, 22 Aug 2008 14:31:04 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11453 My point is that with such dramatic contrasts in wealth and poverty, there is still vast swathes of a once highly militarised, armed and politicised society that need to be given a share of all this wealth and development. If they are polarised further, then there could be some rather serious consequences. Economic stablity and long-term growth are not a given here, and never have been. My point is that with such dramatic contrasts in wealth and poverty, there is still vast swathes of a once highly militarised, armed and politicised society that need to be given a share of all this wealth and development. If they are polarised further, then there could be some rather serious consequences.

Economic stablity and long-term growth are not a given here, and never have been.

]]> By: Hugo http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11452 Hugo Fri, 22 Aug 2008 14:28:20 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-11452 Obvious risk of oversupply, no-resale market and low occupancy values. All these will inevitably trickle through and affect values. As The Economist correctly observes, this boom in real estate has not come with socio-economic reform modernising old school institutional corruption. Not to mention, the capital city has a complete lack of public transport. Its plethora of buses or "diablo rojos" are privately run! If the city is to absorb all this growth. There needs to be massive investment in public infrastructure. Only then can it sustain all of this development. After the enlargening of the canal, the implementation of the balboa-colon railroad, expansion to Tocumen airport and the high-tech parks in the canal zone.. this should all bring both capital and the skills required. Obvious risk of oversupply, no-resale market and low occupancy values.

All these will inevitably trickle through and affect values. As The Economist correctly observes, this boom in real estate has not come with socio-economic reform modernising old school institutional corruption. Not to mention, the capital city has a complete lack of public transport. Its plethora of buses or “diablo rojos” are privately run!

If the city is to absorb all this growth. There needs to be massive investment in public infrastructure. Only then can it sustain all of this development.

After the enlargening of the canal, the implementation of the balboa-colon railroad, expansion to Tocumen airport and the high-tech parks in the canal zone.. this should all bring both capital and the skills required.

]]> By: 2008 Property Market Predictions » I.P.I. http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-673 2008 Property Market Predictions » I.P.I. Wed, 02 Jan 2008 13:34:37 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-673 [...] firmly believes Panama is a bubble about to burst and is to be avoided in 2008, Spain needs selling ASAP and the U.S offers some opportunities in [...] [...] firmly believes Panama is a bubble about to burst and is to be avoided in 2008, Spain needs selling ASAP and the U.S offers some opportunities in [...]

]]> By: o2smedia.com http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-376 o2smedia.com Wed, 26 Dec 2007 17:19:12 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-376 I was recently in panama this year and this was the talk about how much the city was in a boom but i would have to agree with you. I simply do not see how all of these properties will be filled. maybe later down the road as the canal is now going into an expansion project maybe it will bring more people to the city but...i think i will agree on your call. I was recently in panama this year and this was the talk about how much the city was in a boom but i would have to agree with you. I simply do not see how all of these properties will be filled. maybe later down the road as the canal is now going into an expansion project maybe it will bring more people to the city but…i think i will agree on your call.

]]> By: Yigglipuf http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-328 Yigglipuf Wed, 19 Dec 2007 18:03:47 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-328 Yea this guy gets it! but hey, its ok for me as long as people speculate, which probably will not be for too long since I am invloved with the following Real Estate company _____________________________ <a>Panama Real Estate</a> Yea this guy gets it! but hey, its ok for me as long as people speculate, which probably will not be for too long since I am invloved with the following Real Estate company
_____________________________
Panama Real Estate

]]> By: Panama - Trump Ocean Club » I.P.I. http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-262 Panama - Trump Ocean Club » I.P.I. Wed, 05 Dec 2007 12:59:50 +0000 http://internationalpropertyinvestment.com/i%e2%80%99m-done-with-panama-real-estate#comment-262 [...] say’s he is done with Panama real Estate, but my feeling is there is some steam left in the market still. Here is one development still in [...] [...] say’s he is done with Panama real Estate, but my feeling is there is some steam left in the market still. Here is one development still in [...]

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