• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

Recession Buy #1: Resale In Panama City

Live And Invest Overseas by Live And Invest Overseas
Apr 02, 2009
in Real Estate
0
Panama City sunny day skscrapers
216
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Recession Buy #1: Resale In Panama City

April 2, 2009
Panama City, Panama

PLUS:

  • Special Offer At Panama City’s Wyndham Hotel…
  • Bali Is Cheeeeeeeeeeap…Rent For US$5,000 Per Year…

AND:

  • Centuries Of History And Oodles Of Charm For A Bargain In The “Other” South Of France…

Dear Overseas Opportunity Letter Reader,

I don’t think my young friend would mind my telling you: He’d like to sell his apartment. The truth is, he’s been wanting to sell it for a few months now.

But Panama City’s real estate market has slooowwwwed down. This is a good thing and necessary. The property market in this town was over-heating.

Now, during this cool down phase, sales are slow, and prices are falling.

This is just what we’ve been telling you to wait for, dear reader. This is the time to buy.

If you’ve been taking our advice and waiting on the sidelines for the deals to present themselves, here’s one you should consider seriously. As my young friend explains:

“My condo is in Panama’s San Francisco neighborhood. This is one of the best locations in the city.

“Furthermore, I’m offering it at a rock-bottom price, because I’m serious. I want to find a buyer.

“In fact, this may be the lowest comparably priced property on the market right now.

“It’s a two-bedroom, 2 ½-bath unit of 102 square meters (1,097 square feet) on the 17th floor of a 21-floor building.

“From the terrace, you have both city and ocean skyline views (the view at night is the best).

“The kitchen is open, which is nice for entertaining and a rarity in Panama. There’s an in-unit laundry area.

“I’m selling completely furnished, including all appliances (stackable washer/dryer, split-system air conditioning units, etc.). The place is ready to move into or to rent out immediately.

“The apartment is just 2 years old, which means you’ve got 18 years remaining on the property tax exemption.

“Here’s the best part: I’m reducing the price this week to US$155,000.

“That’s US$1,519 per meter, not accounting for the US$10,000 in furnishings, appliances, lighting fixtures, and air-conditioning units.

“Let me put this into context. Unrealistic sellers right now are asking US$1,750 to US$1,800 per square meter.

“Not-really-motivated sellers are asking US$1,650 +/- per square meter.

“Motivated sellers are asking US$1,550 per square meter.

“When you account for the furnishings and the appliances, my price per square meter is US$1,421.

“The place could be rented either short- or long-term. I spoke with a local rental management group. They suggested I might get US$1,000 per week, US$2,500 per month, short-term. Long-term, you’d be looking at rental income of about US$1,500 a month.

“Each option has its advantages. Short-term allows you use of the place yourself in between renters. Long-term means you don’t have the management hassles of short-term, and it typically means less wear and tear on the property.”

This is an unbeatable price for a very rentable and fully turn-key apartment in one of downtown Panama City’s best locations. More information here: PanamaResale@LiveandInvestOverseas.com.

Kathleen Peddicord

P.S. These kinds of “Recession Buys,” as I think of them, are popping up all over the world right now. Some are one-offs, like this resale Panama City apartment. Others are whole developments where prices have been slashed or special terms, including no-money-down, are being extended. I’m picking and choosing the best of the dozens of these recession sale offers crossing my desk. I’ll detail them for you, one by one, in this special Recession Buys series. The interesting opportunities right now are many and diverse. Stay tuned.

TODAY:

We met yesterday for lunch with the management of the Veneto Hotel, where we’ll be holding our two May conferences–How To Retire Overseas, May 12-13, and Live & Invest in Panama, May 14-16–to confirm details of the events, as well as the specially discounted room rate we’ve negotiated for conference attendees.

I’m delighted to report that the lunch buffet was great, the guest rooms comfortable, and the meeting space ideal. Plus, our special discount rate of US$140 a night includes both breakfast and wireless Internet. Our Conference Director Stephanie Valencia can tell you more when you get in touch to reserve your place at either conference. Reach her here: svalencia@liveandinvestoverseas.com

MAILBAG:

“Kathleen, wonderful newsletter, full (very full) of information.

“Having been reading only for the last few months, I am not sure if you have covered Indonesia previously.

“However, after living early retirement in Bali for two years, I am surprised if it has not been featured among your cheapest places to live. Believe me, it is cheeeeeeeeeeap. A reasonable unfurnished villa rents for US$5,000 per annum. Eating out is very inexpensive. Climate is glorious.

“There are various problems with visas and the local population, etc.

“We are now back in the UK but will probably return sometime later this year.”

— Graham S., United Kingdom

***

“What are the prices for property in the Languedoc region of France you wrote about recently?”

— Peter L., Ireland

France Correspondent Lucy Culpepper, in her report in the March issue of the Overseas Retirement Letter, includes a sampler of properties on the market in Languedoc as of her writing. For example:

  • A small village house of 420 square feet for sale furnished, two bedrooms, asking price US$70,419
  • A753-square-foot village apartment in good condition, two bedrooms, possible rental, asking price US$96,000
  • Typical stone house in the old town on three levels possibly dating back to the 12th century, 1,938 square feet, in need of renovation, asking price US$151,200

More properties, along with Lucy’s complete guide to living and retiring in this “other” South of France, are available this month to Overseas Retirement Letter subscribers. Become one here if you’re not one already.

Comments

Tags: Resale In Panama City
Share86Tweet54
Previous Post

Cheapest Place You’d Want To Retire To In Latin America

Next Post

When The Time Is Right?

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Alfama at night, Lisbon, Portugal
How to

The Perfect Time For An Overseas Property Purchase?

by Live and Invest Overseas
February 5, 2021
0

Thinking about making an overseas property purchase can arouse feelings such as excitement, fear, anxiety, relief, and accomplishment. Even seasoned...

Read more
Colonial style buildings line the Plaza Machado in Old Mazatlan, Mexico

Why Mazatlán’s Historic Center Is The Ideal Second Home

February 4, 2021
Cathedral at Plaza de Armas, Durango, Mexico.

Introducing Durango: Bargain Real Estate In Authentic Mexico

February 1, 2021
Beach in Cancun, Mexico.

Move To America’s Most Popular Expat Destination In 2 Weeks

January 28, 2021
White sand beach in Playa del Carmen, Riviera Maya, Mexico.

Top 13 Reasons To Buy Property In Mexico Today

January 27, 2021
How To Invest In Property 101: The Pitfalls You Should Avoid

How To Invest In Property 101: The Pitfalls You Should Avoid

January 18, 2021
Tropical waterside house with moored boat on lagoon side of Placencia in Belize.

Buying Real Estate In Belize: What You Need To Know

January 12, 2021
Next Post
ecuador cuenca

When The Time Is Right?

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

how to retire overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2021

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.