Buying New vs Used Property in Panama – Pros and Cons Explained

Should you buy new construction or an existing home in Panama? In this guide, Kent breaks down the pros and cons to help you make a confident decision.

You’ll learn:

Key differences in pricing, quality, and maintenance
How resale value compares between new and used properties
Which option fits your budget and timeline best

Before making your next move, watch this for an honest look at Panama’s property market.

📖 CHAPTERS 📖
00:00 - Why Pay More for New Properties in Panama?
01:45 - The Developer’s Role in Pre-Construction Projects
03:25 - Costs of New vs. Resale Condos in Panama
04:48 - Price Differences Between Pre-Construction and Resale Condos
05:24 - Luxury Pre-Construction Projects in Panama and Their Premium Costs
05:51 - Depreciation in Pre-Construction Properties in Panama
06:56 - Comparing the Cost of Pre-Construction vs. Resale Properties
07:34 - What Newer Buildings Offer: Amenities and Features
08:40 - Developer Financing vs. Bank Financing in Panama
09:28 - Developer Promised Returns vs. Actual Outcomes
10:22 - Uncertainty in Pre-Construction Property Values
11:05 - Financing Pre-Construction Properties in Panama: Interest Rates and Mortgages
11:30 - Tax Benefits and Exonerations for New Properties
15:01 - Understanding Developer Guarantees and Warranties for New Properties
16:19 - Challenges of Living in New Buildings in Panama
17:01- The Importance of Homeowners Associations in Pre-Construction Projects
18:13 - Maintenance Costs and HOA Fees in New Developments in Panama
19:30 - Evaluating Developers and Their Track Records in Panama
20:16 - Managing Expectations in Panama’s Pre-Construction Market

To start your Panama real estate search, check out our listings today:
WEBSITE ► https://www.panamaequity.com/

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ABOUT PANAMA EQUITY

Panama Equity was founded on a commitment to deliver a professional real estate experience to all of our clients. Our real estate agents understand the concept of working hard, working smart, and always doing what’s right. We appreciate the trust that our clients put in us, and are always looking to improve the way we deliver the Panama Equity experience.

Panama Equity delivers a professional real estate experience to all clients. Our real estate agents understand the concept of working hard and working smart. We appreciate the trust that our clients put in us. And we are always looking to improve the way we deliver the Panama Equity experience.

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