You are here :: Panama Real Estate » Panama-real-estate » Boquete-panama

The current pause in Panama real estate appreciation as brought a number of houses, apartments, and even whole projects up for sale at reduced prices. A subdivision near Boquete in Chiriqui Province, Panama is up for sale for $4,000,000. The property is 108 acres and has been approved for the first 24 one acre lots. The developer, who wants to sell, states that the property will eventually be worth $10 to $12 Million USD. That is only with approval of lots, more if the developer builds on property.

This Panama real estate project is only half an hour’s drive from David and its international airport. Between Volcan chiriqui and Boquete, Boquete real estate is in Panama’s less hot and humid central highlands.

Current Market Conditions and Panama Real Estate Deals

Although the situation is not dire like the Costa Rica Crisis , Panama’s high end real estate market has flattened out after a decade of rising real estate prices. Global problems with credit have forced home owners and developers to scale back plans and, especially in Costa Rica, to sell property to cover mortgages on depreciating home values in the USA.

Now, with the help of a local expert such as ABPanama, is a great time to look for extraordinary real estate values at low cost. Investment now in high end Panama real estate will hold its value and likely resume appreciating in years to come. Investment right now in Panama commercial real estate will tie you into Panama’s thriving economy, largely untouched by global credit concerns.

Panama banking is pretty conservative and does not appear to have the credit problems of many North American institutions. Panama has never had low interest, zero down payment mortgages for foreigners.  Foreigners typically pay 60% to 80% down for houses in beautiful places like Boquete. As such most homes in Panama are secure and the banks are not going to fold due to portfolios full of bad mortgages.

Panama Commercial Real Estate Opportunities

With Panama’s recent improvement in credit regulations Panama’s small business community has be empowered to expand, employ and pump money back into the economy. Investment in Panama commercial real estate is a strong option. Panama’s service sector of banks, shipping support, insurance, all need office space. Panama’s transportation sector needs warehouses and container shipping facilities. Investment in commercial real estate can give you a monthly rental check in a thriving economy with a strong future.

Panama Commercial Real Estate Investment and International Business

Panama has become a magnet for international businesses such as Dell and Caterpillar. These folks also need office space and support facilities. As with local business, renting to the international business community provides you with a rental check without the headaches of doing business in a foreign country.

If you are interested in Panama or boquete real estate investment come to see us at ABPanama. We do business throughout Panama and would be please to help you find the best deals in Panama’s current real estate market.