The Key to Understanding Panama Real Estate Prices: Market Stages [Map]
Sometimes the real estate market in countries like Panama appears to be flat out insane.
Prices don’t make sense. Some places that hardly have any infrastructure have expensive land. How in the world do you move forward with any rational decision in a market like that?
These are the questions that led us to come up with our work on the stages of land development in Central America. If you don’t yet understand this concept, you are playing with fire when evaluating whether or not you are getting a “good deal.”
Good, now that you understand the concept of Market stages, how do you apply it to Panama?
Start by using this map as a starting point to learn the stages of the different areas in Panama.
Is it an exact model of the country? No. Is it accurate enough to help you make smarter decisions. Absolutely.
P.S. Here is a bigger version of the map.
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