Real Estate & Travel News in Panama from Propertyshowrooms.com

Panama set to become more popular

Fri, 8 Aug 2008 00:00:00 GMT

Panama has been tipped to become a hotspot of activity among overseas property buyers over the next few months.

According to the BuyAssociation website, the Central American country has attracted high levels of media coverage in recent months as a result of the John Darwin case.

Mr Darwin faked his own death in a canoeing accident four years ago in order to enjoy a new life overseas with his wife.

However, the attempted fraud was recently exposed, prompting many media outlets to highlight what lifestyle attractions made Panama an attractive destination for the couple.

BuyAssociation believes its recent high profile could trigger additional interest in the country among foreign property buyers and expats.

Paul Collins, property editor at the website, commented: "Before this whole thing started, a lot of people didn't really consider Panama as a viable destination for moving overseas."

He stated that consumers are now more aware of the fact that Panama City in particular is a modern location which offers favourable exchange rates.

Panama 'offers cheap property'

Thu, 7 Aug 2008 00:00:00 GMT

Overseas property buyers may be able to snap up a relative bargain in Panama, a media outlet has stated.

According to the Guardian, a typical apartment in the South American country can cost as little as £30,000.

Meanwhile, a two-bedroom flat in Panama City, complete with gym and swimming pool, can sell for about £75,000.

Commenting on the market, the Guardian observed: "Even in the current downward spiral of the UK housing market, Panama's property remains a bargain by a long way."

The newspaper said the country also offers a number of lifestyle attractions, such as good beaches and sunny weather all year round.

Furthermore, it stated that Panama has a favourable tax regime and good healthcare provision, attributes which have made it a popular spot for retirees.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Panama attracts more British investors

Tue, 29 Jul 2008 00:00:00 GMT

Interest in emerging markets such as Panama among overseas property buyers in on the increase, experts have revealed.

According to research by HiFX, fewer British investors are seeking opportunities in established European markets, including Italy and Spain.

The currency specialist has attributed this trend to a number of factors, such as the strong euro forcing up the cost of living in these countries.

HiFX added that emerging markets across the world are also becoming more popular with investors, as they widely seen to offer better growth potential.

Mark Bodega, director of the organisation, commented: "Investors are always looking for the 'next big thing' to try and tap into undeveloped markets."

Panama was highlighted as one hotspot of actiivity, as the number of enquiries relating to the country has gone up slightly in recent months.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.