Well, it’s certainly nice to know this blog is being read by those in the know. Following Ahmed’s predictions that Panama is a bubble about to burst, the Panamanian government has obviously come to the same conclusion and decided to step in and do something about it.
Ahmed 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 progress that I believe will provide good property investment opportunities over the coming years.
Trump Ocean Club, Panama City
A massive change in the value of the dollar, combined with soaring building costs is changing the face of the international property investment markets. We highlighted a few likely markets recently in “The Top Ten Property Investment Hotspots for 2008,” but thought another look around the world’s investment property markets was in order. Ahmed believes the Panama property bubble is about to burst, but my feeling is there are a few more good years to be had from this market and properties such as the Trump Ocean Club under construction in Panama City will be a good earner. My feeling is the Hotel/Condo arena is the way to go in emerging markets. And with a few exceptions down in Florida, anything with “The Donald’s” name on it is a good bet. Of course, when we talk about Panama real estate, we are talking about Panama City only. The rest of the country has yet to see the sort of infra structure needed to support these sort of developments.
