We have seen a big change in real estate in the past 2 years. Friends of mine who were investing heavily in Oshawa and Toronto real estate have seen dramatic losses recently, and our associates in the Orlando and Davenport area have really seen the bottom fall out of prices. Many investors are waiting for the "bottom" before coming back into the market, so this leaves many brokers in the situation of too much inventory, too little buyers. This is where Panama becomes a great option. I have been living and working in Panama for 3 years and am happy to report that there is still a boom going on. Higher end condo prices have finally settled down and are remaining flat, whereas there are still very good gains to be made on vacant building lots, beach villas, and rental properties. There are building lots for sale for as low as $20,000 and beach homes starting at $130,000. There are huge parcels of land available where it can easily be sub-divided and sold for a great return. Now is the time to help your clients find that nice little vacation home, buy an income producing rental property, or invest in some land. Panama guarantees the same property rights to all, foreign or domestic, and there are many tax advantages there as well. My partner is a tax attorney and is available to answer all your clients questions in this regard. Our company also operates a management division and can help any buyers rent out their home when not being used if needed. Panama has a 20 year property tax exemption for foreign buyers as well, so carrying costs are low. Now is the time to look at expanding your portfolio with our listings. Contact me today to find out more about this great opportunity.
Tags: panama
Share
Facebook
You need to be a member of Real Estate Global Network to add comments!
Join Real Estate Global Network