By Ronan McMahon
Over the past 15 years, Panama City has been transformed from a sleepy regional outpost—known for little except its canal—to a thriving metropolis, a regional hub, and a powerhouse. It has changed beyond almost all recognition.
Last week, 500 of Fortaleza’s top-performing brokers gathered for a closed-door meeting to hear about a new master-planned community 90 minutes up the coast. It was a full house. That’s understandable when you consider this is the most ground-breaking project of its kind in close on a decade on this coast.
Tao is a best-in-class community with a rental market that is set to grow. Demand far exceeds supply. As I explained yesterday, this stretch of beach shows a chronic shortage of rentals right through the year. If an inexpensive condo, with strong rental potential, is what you are looking for then I have just the thing for two members.
Members of our little group get a 7% discount bringing our price down to $423,150. That buys you a three-bedroom, three-bathroom home with luxurious, high-end finishes and a rooftop terrace. Inside you have 1,615 square feet. Outside space totals 1,023 square feet.
I’d like to invite you to join my colleague Margaret Summerfield and I for a very special day before the conference kicks off. We’ll follow the Path of Progress from Cancun to Tulum, visit the opportunities you have been hearing about in these reports, and even wiggle your toes in the white-sand beaches.
The deadlock in Greece drifts on. The current bailout deal expires at the end of June and there is no sign that an agreement on a deal to refinance is close. There are signs and murmurings that insiders are getting ready for a massive default.
As a member of our little group, you will have watched Europe’s crisis play out. Today, I’m in Portugal for another look. I was excited when I first visited, and now the opportunity is even stronger.
Spain’s best beaches have been discovered only by a small number of surfers, locals, and hippies. Now, thanks to a special distressed situation, we can buy in this undiscovered Spain for as little as one third of what it was.
The Turquoise building in the Copala community at the southern tip of Mexico’s Baja California peninsula was launched to the local market a few weeks ago. The building is now 57% sold.
As I told you on March 14, I expect these condos could gross $35,000 in rental income once up and running. I also told you that it was the last call for amazing rental profits. As of midnight on Sunday, our deal is off the table. You won’t be hearing about Encanto again in these alerts.
