Panama Property: No News is Good News?
This morning, it suddenly occurred to me that I hadn't heard anything about Panama property lately. The free-trade agreement with the US obviously still hasn't been ratified, and I wonder is it a case of "no news is good news" for Panama property?
I searched for news for a while this morning and found no recent news about the Panama property market whatsoever. If anyone has found any interesting stories, please post them as comments, or to my new Facebook group.
Even the forums I use have very little discussions on Panama. It used to be a hot topic, but now the only posters are property agents. However they receive little or no argument to their promotional posting, which likely signifies that there is no bad news coming from Panama's property market either.
Without news sources it is hard to tell what is happening. Is the Panama boom rolling on, but the major publications fear of saying anything positive to avoid ridicule, or have things quietened down in the country.
The lack of negative forum replies suggests it is, but then again, who would report falling prices, certainly not the agents??? Then again, building work is continuing on Trump towers, and there have been no major reports of developers going into liquidation or postponing developments.
All in all I believe the Panama property market is still strong, fed by a strong and healthy economy, and by prospects for the future, fuelled by the great canal expansion. But like I said; anyone who has personal experiences of buying and selling in Panama, or who has found a recent and interesting news story please post it here as a comment.
About the Author: Liam Bailey
Liam Bailey is the director of Write About Property
Comment By: Liam Bailey
Date: 2009-02-27 15:01:31
Comment:
Thanks Gsinker
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Comment By: GSinker
Date: 2009-02-27 14:22:38
Comment:
Hi, I am Geoff sinker of GLS Property Services Panama, I came across this story the other day:
http://www.bcbr.com/print_article.asp?aID=98750