Why You Should Buy Now; Overseas Property For Sale in the Credit Crunch

It is possible to make money whatever the state of the economy. In fact, some of the most lucrative deals have been achieved in a struggling economy; the opportunities are always there if you have the requisite knowledge.It must also be a buyers market; as the property and financial markets slow down at home and abroad, more people are putting their properties on the market and the developers are offering their 'special' deals and discounts. If you are prepared to be brave in negotiations now may be the time for you.
It could also be the time to be bolder in you outlook on destinations. Have a closer look at the less obvious choices; Cape Verde instead of The Canary Islands, Morocco instead of Spain, Dubai instead of Florida; the Gambia instead of the Carribean. In some of the emerging markets around the world, the property market is stable and even growing. Getting in at the very bottom, buying land or off-plan, means less outlay at the start and a better return on your investment in the end.

Even with the old favourites it is worth looking further afield than the usual options; new build leaseback property in Corsica instead of the Gite in Provence, land with plans in the Caymen Islands instead of the villa in Barbados, a beach house in Belize instead of the apartment in Cancun. Of course land only, off plan and leaseback are all going to be long term projects, though investments can be realised before the property is built, or at the end of the guarenteed rental income period.

When you are feeling the pinch at home it is often cheaper to be living abroad. The cost of fuel, heating and eating can be considerably cheaper in Europe, and yu can minimise the effeect of the strong Euro by taking a Euro mortgage, taking advantage of the lower interest rate and avoiding the problems of fluctuation in the currency market.

Property values abroad still represent excellent value for money in comparison to the UK market, even with falling property prices. For a first time buyer overseas property may be the best way to get your feet on the property ladder.

Panama as a Retirement Destination

Panama's economy is growing each year and most of that is a result of a large increase in tourism, construction and the expansion of the Panama Canal.
Panama has excellent weather, diverse ecosystem, breathtaking beaches, high standard of living and truly affordable real estate make it an ideal place to invest in and establish a second home
Because of the increased interest in Panama as a retirement destination over the past few years, analysts have predicted Panama as the next hot-spot for increased property value. Increases in tourism and Panama as a hot spot for trade and commerce will also lead to increasing tenancy rates and rental values.
The start of the extension work of the Panama Canal will further enhance the country’s economy, increasing a need for real estate in the area. Many investors are looking at taking advantage of the tax exemption law and cater for the increased demand for real estate.




Costa del Este, Panama City, 215sqm, 3 bedroom Apartments in Panama City.Price: € 224,225 Penthouses available.Architect: Arq. Edward McGrath, 60 units available
Parking spaces: 2 per apartment, extras available.
Apartamentos: 3 bedrooms with walk in closet and bathroom, den, visits bathroom, livingroom, diningroom, kitchen, balcony, laundryroom, service quarters, Internet ready.
Amenities: Pools, gym, sauna, green areas, hut, events hall, wireless Internet in social areas, 24/7 security, 3 high speed elevators, concierge.
Finishes: Modern high end.



Ocean Sky, Panama City, South America.147sqm, 1/2 bedroom Apartments Price: € 192,285

Ocean Sky will simply have no parallel. Located at the exclusive & privileged area of Coco del Mar in Panama City and with ocean views from all its units, this project is sure to capture the attention of international travellers looking for an exclusive place to live in Panama city with apartments ranging from 135 m2 (1,453 ft2) to 142 m2 (1,529 ft2), with one bedroom, small office or studio and a balcony overlooking the pacific ocean.

This project will have the option for fully equipped appliances as well as the option for property management. Pre-Sale to begin soon.