80 percent occupancy is pretty generous, high rises behind the Panama Sheraton Grand were 90 percent unoccupied from my personal observations at night time for a whole week recently. Rents can't justify the prices in Panama, and you can get that 12 month lease for down to 2 months with 20 percent premium from what I understand. a...nd from dealing with realtors here it's no wonder most owners want to and need to negotiate directly.
Great video though. However, I will not live in Punta Pacifica, although, it is close to a lot of things, the traffic is HORRIBLE! I have friends who used to live there and sold their properties and moved to areas like San Francisco, which is a beautiful area with some traffic, but not near as bad as in Punta Pacifica. BTW, Alexander sounds French when he speaks in English. If would rather buy a foreclosure home in a nice area and invest $100K in renovations and have an amazing property there.
1st thing that needs to go are the tiles...disgusting! Lol Other than that I wouldn't pay more than USD 1.200k per net m2 in that place (before renovation)...
Amo mi pais pero PORFAVOR que venga alguien y meta mano en los que son los acabados miren esa cocina. Parece de pobre miren ese lobby parece q entraras a un asilo de ancianos los baños. No entiendo esos pisos como q no tienen gustos modenos o que?
Do you think people from South America will also buy in Uruguay as a safe haven? Many wealthy South Americans have bought in Punta del Este in the past but it has gotten quite expensive (and the space is limited) so I wonder if they will start to buy more in Montevideo? Would also love to see a video on Uruguay in the future if that is in your travel plans!
Appreciate the informative video. No sugarcoating and just telling it like it is. I can't say I would like to move there though. Quite expensive relative to the region, too hot year round, and not a fan of the recent visa changes. From $5,000 to $200,000 to get PR :(
Excellent video, at 260,000- with hoa at 250 a month-and needs renovation- no one should ever buy this condo- if you can rent it for 1200 a month its a horrible investment-for that condo to be worth it as an investment- it would either have to rent it out at 2800 a month for a 10% return- but at 1200 a month plus the owner has to pay 250 hoa dues -you would have to buy this condo for about 85,000 ,with hoa of 250 than you could gross 10%==Rent in Panama only-Glad your showing ROI ,thats the only way to buy anything-in the States or Panama-because 90% of Panamans cant afford 260K
