Hartlepool, United Kingdom (PressExposure) April 23, 2009 -- Panama property is picking up in popularity, with enquiry figures returning to pre-boom levels, according to overseas property portal Property Abroad.com ltd.
"While we are not receiving anywhere near the number of enquiries for Panama property that we did a year ago -- at the height of Panama's boom when its popularity with overseas investors reached almost fever-pitch --, we are receiving a similar number of enquiries into Panama property as we were in early-mid 2007, when Panama was a rising star on investors radar," said Julie Liddle, an emerging markets analyst with the firm.
"The Panama economy does seem to be resisting the worst affects of the credit-crunch, and the fact that no major (or minor) developments have been postponed or cancelled would seem to indicate that demand still exists for off plan property in Panama," Julie continued, adding:
"It seems that as the all-quiet-on-the-western-front trend continues for Panama, more and more British investors are realising that Panama is a safe destination for investment."
Panama is the number one destination for American retirees, and to all American's Panama is the equivalent to what Spain is to Britons (the most popular tourism destination). On top of the opportunities in Panama City, capitalised on by huge corporations like Donald Trump's hotel chain, many opportunities can be found in other smaller cities, as well as rural and coastal locations.
Property Abroad is currently advertising dozens of properties for sale in Panama, with prices starting from as little as Â£41,000 for a luxury beach-front apartment on Bala Beach, in ChiriquÃ on Panama's Caribbean coastline.
Property Abroad is also currently advertising some commercial investment opportunities, including several large land-plots in and around ChiriquÃ priced at over Â£500,000.