Real Estate Prices Have Not Gone Down
(Panama-Guide) By MARY TRINY ZEA for La Prensa - If you are waiting for real estate prices to drop due to the global economic crisis, you should know that prices are not coming down, and some sellers are even raising their asking prices.
“I would not say prices have fallen; there are fewer buyers," said Wilson Ruiz, the Vice President of the Panamanian Association of Real Estate Agents and Promoters (Acobir.)
Lower demand has caused "the buyers want to negotiate more," said Wilson, but this is not necessarily reflected in prices, but with offers of
cruises, cars, and other incentives.
