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Old 10-10-2007, 01:50 PM
EM Concepts EM Concepts is offline
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I was in Panama City the week before last checking out the market. Seems like a great city but with a lot of consutruction going on. Is there the demand to meet the supply ? We believe there is if you choose the right projects. I spoke to a number of local agents who showed me that people are renting standard 2 bedroom apartments in Panama City at the moment for $3000 per month. We are offering apartments in what will be the tallest residential building in the world, for $300,000. The yield is already there. That plus the fact that we pay 6% interest on any deposit payment and with the prices rising fast makes investing in the right location at the right time key. There are a lot of buildings going up so choose the right one and think about who will be renting off you and who you can resell to. If you need any more information or want details of what we can offer please let me know.
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