Property Prices in Panama remain strong

Property Prices in Panama remain resilient against predictions mainly put about be buyers keen to snap up a bargain. Generally prices in Panama have faired better than was previously predicted, in fact there has actually been an increase in prices.
By: Geoff Sinker
 
Feb. 1, 2010 - PRLog -- Area like Avenida Balboa still remain very popular with buyers probably due to the completion of the new roads along the Balboa making for a much more pleasant view out across the ocean and less congestion on the roads.

The is still a great deal of discrepancy in prices here in Panama mainly due to the lack of a MLS.

The is still the odd bargain to be had from a buyer looking to sell their property prior to completion, but once the property is closed owners are happy to keep there condo or home and will be happy to hold onto their Real Estate until a buyer comes along that is willing to pay there asking price.

Prices have come down from the highs of 2008 but these were hyped up prices that never really existed only in the minds of hungry speculators.

Common sense dictates that a property should appreciate around 6-10% annually. This being the case Prices in Panama are still strong and the effects of the recession felt in the USA and Europe have only brought the speculators back down to earth with a thud.

Buyers will always try and talk prices down  but to many people for to long have been listening to these people.

For more details please visit http://www.afloridarealtor.com

# # #

Real Estate property sales agent based Panama. With years of experience selling International property to clients around the World. We specialize in Panama Resale Property.
End
Source:Geoff Sinker
Email:***@gmail.com Email Verified
Tags:Panama Real Estate, Panama Resale Property
Industry:Real Estate, Travel, Property
Location:panama - Panama - Panama
Account Email Address Verified     Disclaimer     Report Abuse
Page Updated Last on: Feb 01, 2010
Worldwide Property Portal PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share