Update: Palacio de Bahia Back On! 07/05/07
210france travel guide
Palacio de Bahia is now back on, but it is a different building. Now it is 83 stories down from 97.
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Palacio de Bahia is now back on, but it is a different building. Now it is 83 stories down from 97. It still has a hotel. We are not sure about the prices but we are thinking the prices will be higher. The average price of a new project condo in Panama City is now $2,000 a sq. meter. Some of the icon projects are being offered for $3,500 a sq. meter and everything in between. Some think Panama will reach $5,000 a sq. meter. Others think prices will recede back to the $1,000 a sq meter previous level. We are in the middle somewhere thinking between $1100 and $1800 a sq. meter to be about right for this market.
Please bear in mind to the European who is on a Euro economy buy in Panama, which is on the US Dollar, reflects a discount of better than one third. Once the dollar regains its strength (or for some readers I should say if
Stay tuned for more updates as they come in.
Once again our position is if you cannot go into the home and turn on a light and flush a toilet do not buy. We still favor the existing housing market.