Planning for a Panama Retirement

This was an interesting press release describing the economic conditions in Panama City, Panama. In particular it discusses the status of the real estate market in the city.

… the City condo market will shift from what has been up to now a seller’s market with prices rising steadily in period of months by up to 100% without rhyme or reason to a BUYERS MARKET.

Although prices may come down, don’t jump in without doing your research. As with any real estate purchase, you need to make sure you know what you’re getting into.

And when you throw in the foreign country component, make sure you take your time, even if it means missing out on a couple of bargains along the way. Better to miss a bargain than buy a lemon.