The Star newspaper in Panama carries an article about the challenges foreign buyers face in Panama, picking up on the post I wrote last week. There are several places pointed out in the article where those who have experienced problems can go online to share their stories.
Excerpts:
One of the main problems of acquiring real estate in Panama is that
if you have any complaints about an agent or a promoter and on top of
that you do not speak the language, it is difficult to report them.
A group of foreigners are fighting back and have created a web site
dedicated to the victims of all unscrupulous real estate agencies like
“Homes Real Estate of Panama” and developers such as “A2SN”, which
allegedly have sold at least 6 pre-construction projects in Panama over
the last two years and none have broken ground. They include the Plaza
Obarrio, Plaza San Francisco, Loft One and Two and Plaza Costa del Este.
Read the story here.
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