Hartlepool, United Kingdom (PressExposure) May 08, 2009 -- Panama property prices will be growing rapidly again as early as this August, according to overseas property portal Property Abroad. The country has been unaffected by the credit crunch, and the property market kept afloat by undeterred American retirees. Because of this, prices are largely un-dented, and transaction volumes remain steady, said emerging markets analyst Julie Liddle, a spokesperson for the portal.
"Panama property is still selling at a steady rate to American retirees and lifestyle buyers. Prices have been largely unaffected by the global downturn, because there has hardly been a downturn. Around the world people are realising that property investment opportunities still exist abroadâ, she explained.
"At the same time, Brits and Europeans tire of the abysmal interest rates and look at the better returns on offer from properties, and the latter will be further spurred on by the strengthening of the Pound. We predict that all this will evolve into a perfect storm, pushing investors to buy in the hottest markets in the next 2-4 months; and Panama will be high on that list," she finished.
Property Abroad.com is currently advertising dozens of properties for sale in Panama, with prices starting from Â£41,000. Unlike many other UK based portals, Property Abroad doesn't just have off plan property, and not only property in the cities, the portal has dozens of resale properties, properties in the major cities, and throughout the rural areas of Panama. The portal even has a selection of commercial opportunities, prices up to Â£10million.