Posted in Bloggies on April 19, 2010 by Kent Davis
(from our April Newsletter)
Taking the Plunge
Who succeeds in Panama and who might be better off somewhere else
Over the years, Panama Equity has had the opportunity to work with clients from all over the world. For them, the elusive and at times effervescent idea of Panama would come and go. It started with a magazine article here, a TV news feature there, with the idea of Panama that would keep reappearing until finally they would decide to come down and see for themselves. For some, the trip was closure, a revelation of sorts, a way to say “been there, done that.” Others never went back home.
So this month, I ask: What Can Panama Do for YOU? Personally, I came down here because I felt a calling. I kept hearing about all of the big things happening in this little country down in Central America and I decided that I just had to see it for myself. What was the draw? For me it was opportunity. I saw Panama as a fertile country to plant my entrepreneurial seeds and see what I could make of myself. The amount of untapped niches here - many of which we're all familiar with at home - were astounding. In the course of my time, many others like me have come down to Panama over the last five years and are considered a part of the tremendous “boom” that we’ve been experiencing over that time, and there are thousands more that have yet to take that first step.
Every day is an adventure, and while Panama has a lot of the creature comforts I was used to back in the US, I still never forget that I am living in a foreign land in the tropics. Maybe it’s not having to set an alarm clock because the same group of birds start signing
Posted in Uncategorized on March 25, 2010 by Kent Davis
A buyers agent is someone who represents the buyer in a real estate transaction. They work with other real estate agents, in this case listing agents, to identify and show property that is within the search criteria and price range of their client. With no multiple listing service in Panama, in order to locate and analyze every available opportunity, it is critical to have a professional, informed, and dilligent buyers agent on your side. The TIME and EXPENSE that you will save are two of the principal benefits of using a buyers agent.
Why use a buyers agent? First, a bit about what a buyer’s agent is and what role they play in a real estate transaction.
Posted in Bloggies on March 23, 2010 by Kent Davis
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March 23, 2010 From newly spiking returns on rental properties to continued growth in various sectors of the country, Panama continues to show remarkable signs of development from an investment and relocation perspective. This month, Panama Equity was quoted in TIME magazine for our research on Trump Panama, a very exciting achievement. Thanks to everyone for the continued praise as we aim to assist more clients this year than ever before!
Hassle Free Investing
Fantastic returns on rental properties are a reality in Panama
For some, investing in a foreign country is a daunting prospect. How will I protect and manage my investment? Who will find the tenant and collect the rent? What will my expenses be? What if I would like to use the property for part of the year? Anyone who's been following Panama knows that this small country is experiencing exponential growth and has one of the worlds sturdiest economies. It's not a real estate boom here in Panama, it's a country boom. Real estate returns have been performing consistently over the past 3-4 years, and if you can get in at the right price in the right area, annual cash flow net returns of between 7-8% are still very much possible and likely to sustain. The Panama Canal expansion project continues to be a major source of high-end clients, the duration of which is expected to be 4-5 years minimum. Add to that the increasing numbers of business moving to Panama as well as major influx of renters from countries like Venezuela, Colombia, and even Mexico.
We are now offering total turn-key property ownership: from acquisition of the property, to registration of the public deed, to finding a tenant, to full service property management including bill pay and rental deposit. The only thing you'll have to handle is figuring out how to spend your rental income! Rental properties start at around $120,000. Contact us to find out more!
Panama Equity in the Community
Casco Viejo soccer tourney a huge success |
Posted in Bloggies on February 24, 2010 by Kent Davis
Who would have known! I just came across the ACODECO website, which is the Panamanian equivalent to the Federal Trade Commission in the United States. Long story short, ACODECO is the acronym for the office of Consumer Protection and the defense of free trade, and the handles consumer complaints in Panama and also investigates fair pricing policies. I would suggest spending some time on the site where you can garner a wealth of useful information; everything from
Posted in Bloggies on February 08, 2010 by Kent Davis
Trump Panama CONSTRUCTION STATUS REPORT
1. Highlights: In the month of January 2010, the project's staff was
reinforced by additional professionals, and the labor force increased to a
new peak. As you will read in the upcoming text, the concrete structure is
reaching its final phase, and interior work on all public areas has begun.
Trump Ocean Club is very close to becoming a reality, and turn into one of
the most cherished landmark of Panama, and the whole region.
2. Construction Progress: