Panama Real Estate Sees ‘Turmoil Bump’
It’s happening again. As political unrest and economic instability hit established countries around the world, we see a surge in interest in Panama property.
It’s a phenomenon that we’ve talked about before. In Panama’s real estate market, we can always see when uncertainty and risk spike in established countries. On Wall Street, they have the VIX, the volatility index, and in Panama, we have the Turmoil Bump.
During some market trends, there is a direct Miami correlation — tough times in Miami mean the light bulb turns on and investors suddenly realize Panama offers many of the attributes of the Miami of 10 years ago. But it’s hardly limited to one market, as Panama’s economic and political stability, dollar-based economy and welcoming lifestyle draw buyers tired of the rollercoasters and riots from around the world.
This time it feels different. We’re not just seeing inquiries; people are asking good questions and analyzing the market. It’s not simply a short-term surge. People are ready to make the move. They already know Panama, they’ve been investigating for a while, and now they’re fed up with their current situation, especially the high price of living in so many locations.
The Turmoil Bump also coincides with the start of a new era in Panama. For one, right now, we can offer an unparalleled slate of international-level developments, at all price points and lifestyles. Panama has some of the most exciting projects in the world in development, and international buyers are paying attention..
There is the walkable urban neighborhood with investor entry points starting at under $200,000. A golf course development that redefines what it means to live in nature. A white-sand beach community 70 minutes from Panama City offers a destination to rival the world’s great beach spots.
In Panama, there is still that feeling that you can get in on the ground floor, without the built-in risk associated with so many entrenched markets around the world. Once again, destinations like Miami and Mexico don’t feel like such a safe bet anymore, especially with valuations sky high in many areas.
In Panama, there is a new buzz, and it still seems far removed from the tensions rocking global markets.
Ready to learn about Panama’s exciting slate of new developments? Email us at sales@puntapacificarealty.com
