Where You Can Still Buy in Panama From $16,500
Timing is everything.” They say it about wine. About fashion. And, of course, about real estate. I’m ill-qualified to comment on the first two. But when it comes to property investing, I’d agree. Timing is everything. And the timing is right in a handful of pockets around the globe right now.
They’re places where there’s a disconnect between the perceived and the actual values. And in that disconnect, you’ll find a bargain. We profile three such value plays this month in the current issue of International Living magazine. Even better, they’re good for more than simply a smart deal. All three are places you could easily enjoy life a few weeks or months a year—full-time if you’re in the market for such an escape.
First, to Cerro Azul, a quiet mountain town in Panama just 35 minutes from Tocumen International Airport. It’s a place where orchids grow on trees and where Swiss A-frame cottages overlook lush jungle valleys. And you can still buy here for just $16,500. See page 20.
Next, our overseas real estate expert, Ronan McMahon, visits Rocha in Uruguay. This stretch of coast is set to be the next Punta del Este. When that happens, property prices will skyrocket. But right now, you can still buy a half-acre lot for just $49,000. See page 6.
We shine the spotlight once again on Nicaragua this month. Correspondent Lee Harrison reports that when he first visited there in 2004, he found beachfront lots for less than $40,000. Since then prices have shot up (by as much as 610% in two years) and then cooled off again.
On page 8, Lee writes that Nicaragua is now on the up again…and still offers surprisingly good value.
Read all this and more in the April issue when you subscribe to IL magazine right now.
William Bonner
Founding Publisher, International Living
Also in the April issue of IL magazine:
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