Investing in real estate in panama?

Question

Investing in real estate in panama?

Answer 1

IT IS NOT TOO LATE? I have spent the last 2 years studying Central American countries for real estate investment. I went to Panama and met with a realtor from Chicago who does real estate tours in Panama. He is great! His mother is an American lawyer, and his father is a Panamanian who is a doctor in Chicago.

My realtor's name is Pat Bremmer and he helped me buy a PRE-CONSTRUCTION (that's the key to good deals in Panama) beach front condo in Dec. 2006 for $227,550. IN 90 DAYS THE SELLING PRICE WENT UP $73,000!!!!!!!!!

My husband and I are going to Panama the first 2 weeks in August to look at buying another property I found In another development I looked at back in Dec.

Real estate is booming in Panama NOW! But there are still lots of great areas and deals to get in on. (Not so much in the main area of downtown Panama City). I have read that it is predicted that property value there in the next 3-4 years will rise as much as 400%!!!!!!!!

If you want to go on a real estate tour and want to contact Patrick in Chicago, I will be happy to give you his email address and website so you can talk to him about meeting you down there.

Just FYI I have been to the Dominican Republic and even though it is beautiful, Panama has the all the infrastructure, the city is like Miami, they use the US dollar for their currency, English is widely spoken and you can visit 2 oceans that are only a 50 minute drive apart! If you want to know more email me at:

[e-mail]

Answer 2

You are about 3 years too late to get in on that one... The latest place the big money is investing is the Domenican Republic