Update Palacio de Bahia Back On 07 05 07
Below is a MRR and PLR article in category Business -> subcategory Other.
Update: Palacio de Bahia Back On! 07/05/07
Summary:
The renovation of Palacio de Bahia is underway with a new design featuring 83 stories instead of the original 97.
Article Body:
The revamped Palacio de Bahia project has been relaunched, now featuring 83 stories rather than the planned 97. Although the building still includes a hotel, pricing details remain unclear. However, it's anticipated that costs will rise. In Panama City, new condo projects average $2,000 per square meter, with iconic developments reaching $3,500 per square meter. Some believe prices may soar to $5,000, while others foresee a decrease to $1,000. We predict prices will settle between $1,100 and $1,800 per square meter.
For European buyers taking advantage of the Euro's strength against the US Dollar, investing in Panama offers a substantial discount. However, if the dollar strengthens, European interest may decline, impacting the market.
Stay tuned for further updates.
As always, our advice remains: do not buy property you haven't personally inspected. We continue to prefer the existing housing market for its stability and reliability.
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