Buyer beware seems to be a message that is coming over strongly on the property forums this week as falling prices can prove a temptation to real estate investors but might not be all they seem.
This is certainly the situation in Panama where a number of over hyped projects have been cancelled or delayed. It is even reported that the Trump project is facing delays although Ivanka Trump was recently enthusiastically praising the real estate boom in Panama and the official marketing blurb talks of unprecedented demand.
Reading through the posts indicates that those who have invested in projects where the apartments are complete are not having difficulty renting but those who are still in an off plan situation are more worried.
More : propertywire.com
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