Anyone investing in Panama?

[Michael Bereslavsky]

In Panama city, or smaller towns in the country. I've been looking into it recently and checking several options, talking to some locals and expats who invested here. There is a big plus that everything is in USD and taxes are low.

What do you think?

[Alex Garrido]

2021 Update on Panama:

Investing in Real Estate here is very different than in the U.S. The Panama City market has been sliding forever thus why I never recommend buying much in the city except if you want to move here (still...renting makes more sense at the moment)

Investing in the city really only comes down to doing a STR business based either on leverage or co-hosting models as rents are extremely low and there is SO MANY apartments and houses that are empty, doing nothing for 2 or more years.

In fact I started investing in this until 2020 of course. 

For the moment I would recommend doing your homework, calling people up, make some connections, hire a RE lawyer and start looking at prices for STRs WHEN the lockdown is over, which is impossible to know as of today. 

This is not the time to invest, it is the time to research and have negotiations down for when the pandemic is over.

If you are more of a developer there is affordable housing projects that makes sense to participate or build with a group as more people need affordable houses and regrettablely a high percentage will have to "downgrade"

Vacant land is usually a good long term business. Never buy a Right of Possession, just never do that. As an investor that is WAY too early and extremely complicated to achieve the transition to a Title.

If you guys need a call with me to clarify anything let´s share a virtual coffee (or beer, depending on time) and talk some Real Estate.