Increased Demand for Repossessed Properties in PanamaRevenues of $115 million has been collected from the auction of 200 properties, between 2004 and 2011.Wednesday, July 13, 2011
In the first six months of this year alone, 22 properties were auctioned for a total of $8.5 million, $3.2 million higher than the estimated value (which was $5.4 million). Elsivia Aparicio, Head of Administrative Unit of Repossessed Property (UABR) at the Ministry of Economy and Finance, said these public events have been the busiest. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: More Taxes on Property TransferSeptember 2015 The Ministry of Finance is proposing to rise to 5% and 3% the taxes on the transfer of vehicles and buildings, respectively. Panama: Real Estate Investment and Reverted AreasNovember 2011 Only 3% of the real estate assets called "reverted areas", that have been a major factor in development over recent years, still need to be awarded. Costa Rica: Trusts to Manage PropertiesSeptember 2011 Greater knowledge of these financial tools is driving their use in the country. Bulgarian join race for real estate in Panama and Costa RicaMay 2008 Erna, a Bulgarian real-estate agency, is now offering properties in Costa Rica and Panama to potential Bulgarian buyers. Erna says interest is growing because the weakness of the US dollar is pushing down prices for Europeans.
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