Panama Tipped As Long-Term Prospect
Panama has been tipped to be one of the best
property investment destinations in 2010.
Expert Liam Bailey stated in a list of the
top places to buy for Write about Property
that the country should see the resumption
of annual economic growth of ten per cent in
2011.
He added that the main driver of this will
be the expansion of the Panama Canal,
trebling the amount of shipping it can deal
with.
Another factor Mr Bailey noted was the fact
that the country is the most popular
overseas retirement destination for
Americans.
Both residential apartments on long-term
lets or holiday residences rented out for
shorter periods of time will do well, he
stated.
A poll of Latin American property
professionals earlier this year found that
the majority thought Panama had weathered
the economic downturn well.
The Encuentra24.com Real Estate and
Classifieds survey revealed that 66 per cent
believed the credit crunch had "barely"
impacted on the property market there, with
another 12 per cent saying it had no affect
at all.
Read more about Panama has been tipped to be
one of the best property investment
destinations in 2010.Expert Liam Bailey
stated in a list of th3 top places to buy
for Write about Property that the country
should see the resumption of annual economic
growth of ten per cent in 2011.... by
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