The condo market is very strong in Panama City right now, and it is a great time to buy a new condo. Unlike the United States, Mortgage Backed Securities are not offered in Panama which will help prevent a bubble and price increase like we experienced in the US. Panama City is also attractive to international buyers and especially to European investors, where the Euro is strong, because it is much more affordable than a London or New York. Panama will continue to remain a strong long term investment as prices remain stable.
Visit the Trump Ocean Club, The Orchid Residences, and the Plaza Costa del Este on NewCondosOnline.com, as the premier luxury residences in Panama City.
Panama has one of the cleanest and lowest costs of living than any other city throughout Central America. Many Colombians are moving to Panama and starting new businesses. The cities infrastructure for technology is rapidly growing. With cell cites and wifi areas throughout most hotels and local areas the city is becoming the next Costa Rica of the 21 century. While urban developments are on the rise the condo communities are booming. While most United States developers are investing in land here you will see a more international flavor of people throughout the city buying property. The biggest downside with a new city is market value. To obtain comps in the area may be difficult you will find that Panama is a sure investment for the next 20+ years. There are more people re-locating to Panama per year than anyother city in Central America. At www.newcondosonline.com we are an exclusive advertiser for many developers in Panama. They are seeing huge benefits from our advertisement portal and are able to capture a more international market. We should be able to see our business double at NCO during 2008 in our International section thanks to Panama developers.