gsinker
New Member
If anyone is looking for an investment in a property with a good rental occupany level then Panama City is a great place to look at.
We all know that Pre Construction around the world has taken a serious knock and property prices have dropped nearly everywhere.
In Panama The Rental market is still strong in fact rents dont seem to be dropping they are increasing.
The demand has always been high here in the city and most properties in the city get rented within 5 - 10 days if they are priced correctly.
The properties that rent well are the low to mid range properties.
an example a 3 bed condo in Costa Del Este that would cost $180K can rent for $1500 per month unfurnished.
A 1 bed condo with Ocean Views on Avenida Balboa will rent for over $2500 per month again unfurnished.
These are based on a 12 month lease.
The rental demand does not seem to be dropping in fact due to some of the Towers in the city being put on hold or even cancelled this expected over building of Condos in the City doesnt seem to be a issue that certain people talked about during the boom a year ago.
If anyone wants more details on Panama and Buy to Let please PM me.
We all know that Pre Construction around the world has taken a serious knock and property prices have dropped nearly everywhere.
In Panama The Rental market is still strong in fact rents dont seem to be dropping they are increasing.
The demand has always been high here in the city and most properties in the city get rented within 5 - 10 days if they are priced correctly.
The properties that rent well are the low to mid range properties.
an example a 3 bed condo in Costa Del Este that would cost $180K can rent for $1500 per month unfurnished.
A 1 bed condo with Ocean Views on Avenida Balboa will rent for over $2500 per month again unfurnished.
These are based on a 12 month lease.
The rental demand does not seem to be dropping in fact due to some of the Towers in the city being put on hold or even cancelled this expected over building of Condos in the City doesnt seem to be a issue that certain people talked about during the boom a year ago.
If anyone wants more details on Panama and Buy to Let please PM me.