I always like to stay on top of real estate trends in Panama City and just yesterday I got a bread and butter inquiry for a luxury penthouse.

Only problem is, and I’ve been noticing this lately, there are very few options to choose from.

This means a) people are not selling or b) people are choosing to rent in anticipation of a market that shows signs of appreciation again this year.

In the case above, we take the inquiry to our network of property managers, lawyers, and even building administration boards to try to find a seller.

Takeaways: if you are an owner…now is the time to think about putting your property on the market. And if you are a buyer let a good agency do the legwork of finding you exactly what it is you are looking for!