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New Panama real-estate report says consensus on market now fundamentally changed

Wednesday, June 30, 2010

A new report doesn't mince words about the state of the residential investment market in Panama. "Flipping is dead," concludes the analysis by Alternative Latin Investor.

There is unanimous consensus that the market has fundamentally changed, the report says.

While that may not be breaking news for anyone familiar with the market, the report does offer some nuances. For example, there is some evidence that older apartments in Panama City towers have remained more resilient to the market slowdown because they tend to be larger and can be upgraded.

Original source: Real Estate Channel