Should Miami's Value Investors Consider Buying In Panama's Oversupplied Condo Market?

In Episode 28, Jeff Barton - Managing Director of Punta Pacifica Realty in Panama City, Panama - discusses the challenges and opportunities in the oversupplied condo market of Panama - a Central American country with nearly 4 million people - during the COVID-19 pandemic and a global economic downturn. The discussion ranges from condo pricing to the "Panama Papers." In Segment One, Barton discusses relocating from the Detroit metro area to Miami in 2004 during the previous South Florida real estate cycle to sell units in condo conversion projects and new construction towers. Barton reflects back on Miami's condo crash a decade ago, and how he transitioned into selling preconstruction units first from Miami and then from Panama City in the Trump Ocean Club International Panama.     In Segment Two, Barton compares and contrasts the financials associated with purchasing, maintaining and renting out condo units in Miami and Panama. Barton explains how a foreign nationals navigate the Panamanian real estate transaction process, including taking title, obtaining financing and preparing to move into units.      In Segment Three, Barton talks about the oversupplied condo market in Panama City, developer incentives to attract buyers and the fallout from the "Panama Papers" scandal that reverberated throughout the world.    To send a comment, please email the podcast at [email protected]    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.